Salman F Rahman, the Prime Minister’s Private Industries and Investment Adviser, disclosed on Monday that Bangladesh proposed the establishment of a Special Economic Zone (SEZ) for investment by Irish companies in the country. He mentioned that a memorandum of understanding (MoU) would be signed to explore investment opportunities between the two nations following discussions at the foreign ministerial level.
Speaking to the media after a meeting with Irish Minister for Enterprise, Trade and Employment Simon Coveney at the Bangladesh Investment Development Authority (BIDA) headquarters in Agargaon, Rahman expressed optimism about enhancing trade and investment ties with Ireland through this initiative.
Rahman revealed plans for a Bangladeshi delegation comprising business leaders and government officials to visit Ireland to identify potential sectors for investment. He noted Ireland’s interest in Bangladesh’s tourism sector and its acknowledgment of Bangladesh’s infrastructure development efforts.
Highlighting Ireland’s willingness to offer support, particularly in infrastructure development, Rahman underscored the importance of studying Ireland’s economic achievements. He cited Ireland’s attractiveness to major pharmaceutical and IT companies, such as Google, as a model for Bangladesh to emulate.
Emphasizing the focus on pharmaceuticals, IT, and tourism sectors to boost bilateral trade, Rahman outlined the mutual interest of both countries in prioritizing these areas.
BIDA Executive Chairman Lokman Hossain Miah also attended the briefing, indicating the government’s commitment to fostering closer economic ties between Bangladesh and Ireland.