EU envoys urge Dhaka to remove obstacles to investment

EU envoys urge Dhaka to remove obstacles to investment

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Diplomats of the European countries in Dhaka on Thursday urged the government to remove the institutional obstacles to greater and quicker European Union (EU) investments in Bangladesh. They mentioned power, infrastructure, IT and services sectors where investment process needs to be smother and quicker. The diplomat’s call came at a briefing arranged by the Foreign Ministry at the State guesthouse Padma. The EU now is looking towards creating a more coherent and overarching framework for cooperation with the present government which will include formation of a Joint Commission and a comprehensive dialogue partnership, higher two-way trade, stronger development cooperation and higher EU direct investment in Bangladesh. Foreign Minister AH Mahmood Ali, Prime Minister’s Political Affairs Adviser HT Imam, International Affairs Adviser Dr Gowher Rizvi and State Minister for Foreign Affairs Shahriar Alam MP briefed the diplomats. Head of the EU Delegation to Bangladesh William Hanna and ambassadors of eight EU countries- Denmark, France, Germany, Italy, Netherlands, Spain, Sweden, UK, Foreign Secretary M Shahidul Huque and other high officials of Foreign Ministry were present during the briefing. The envoys affirmed that the EU would continue to pursue a policy of engagement, dialogue and a more comprehensive framework for partnership with Bangladesh and its present government. The Foreign Minister assured the EU Ambassadors that the government will provide all out support to the EU countries for realizing their foreign policy goals in Bangladesh including enhanced trade, development and investment partnerships. He said the government would work closely with the EU in realizing the vision for a democratic, secular and socio-economically vibrant Bangladesh by 2021. “Bangladesh’s vibrant and multifaceted relations with the European Union founded on the shared values of democracy, pluralism, secularism and development, will find new depths and dimension during the current tenure,” Mahmood Ali said. Speaking at the briefing HT Imam said the EU will continue to stand next to Bangladesh to counter the forces that ploy to destroy its secular and democratic fabric and the values of 1971. Gowher Rizvi reaffirmed government’s commitment towards strengthening of democratic institutions including a free media, space for civil society and the NGOs, human rights, rule of law, the Elections Commission and the Parliament. – UNB

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