UK and Bangladesh agree to develop future trade partnership

The UK and Bangladesh today agreed to develop a future trade partnership that will increase mutual prosperity and further Bangladesh's economic development as it graduates from least developed country status.

In the first ever UK-Bangladesh Trade and Investment Dialogue at the Ministry of Commerce today, both countries agreed to improve trading relationship through a mutual commitment to private sector led growth, encouraging investment and addressing barriers to trade when their companies export goods and services.

British High Commissioner Robert Chatterton Dickson and Bangladesh's Commerce Secretary Jafar Uddin led the dialogue, said a statement by UK Foreign, Commonwealth and Development Office. The United Kingdom and Bangladesh discussed cooperation in areas such as GSP, LDC graduation, investment cooperation, access of Bangladeshi professionals to UK service sectors, trade facilitation, etc.

Commerce Secretary Jafar Uddin said, "This dialogue will pave the way for our products, services and professionals to penetrate the UK market and contribute to increased investment in Bangladesh and expand our exports."

High Commissioner Robert Dickson said the UK is committed to working with Bangladesh to create a trade and investment relationship that helps both economies grow. "Foreign Investment can provide jobs, transfer skills and generate revenue. A conducive business environment and removal of market access barriers can benefit both countries."