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Dhaka Chamber urges Belgian businesses to invest in Bangladesh

BTJ Desk Report
Dhaka Chamber urges Belgian businesses to invest in Bangladesh

Dhaka Chamber of Commerce and Industry (DCCI) President Md Sameer Sattar  urged Belgian businesses to invest in Bangladesh, particularly in high-end RMG, medical equipment, automobiles, electronics, trade logistics, agro-processing, construction, maritime economy, Information Technology Enabled Services (ITES) and 4IR technology above all 100 economic zones and 28 hi-tech parks.

DCCI President said this while speaking at a seminar organized by Wallonia Export Investment Agency and Flanders Investment and Trade, the Trade Promotion bodies of Belgium titled “Innovative Business Opportunities from Belgium”.

A 10-member business delegation from Belgium arrived in Dhaka on March 27 to explore the Bangladesh market and the delegation represents technologies for different sectors, including agro, medical, utilities, transport, and construction.

He also said that Belgium is the 14th largest export destination of Bangladesh and bilateral trade has reached $1.035 billion where Bangladesh’s export was $900 million and import was $135 million.

It can be enhanced to $2 billion rationalizing the trade gap, he added.

He also said that apart from traditional items, Belgium can import bicycle, RMG, ceramic, home textile, and jute goods from Bangladesh noting that the private sectors of the two friendly nations should explore mutually beneficial business options.

Information and Broadcasting Minister Hasan Mahmud spoke as a keynote speaker and said that Belgium investors can invest in the IT sector which would be the best innovative sector in Bangladesh.

He also said that this business delegation will help to bring about $1 billion in investment in Bangladesh from Belgium.

Arif Dowla, consul of Belgium in Bangladesh and managing director at ACI Ltd, said that the country has a tremendous need for economic development as Bangladesh is scheduled to graduate from LDC by 2026.

He also said that Belgium technologies are very relevant to move to the next level of Bangladesh.

Didier Vanderhasselt, ambassador of the Kingdom of Belgium to India, Bangladesh, and the Maldives, marked the welcome speech at the event.


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