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Ireland urged to set up SEZ in Bangladesh

Bangladesh proposed that Ireland set up a Special Economic Zone (SEZ) in the country for investment by Irish companies, Prime Minister’s Private Industries and Investment Adviser Salman F Rahman said.
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A memorandum of understanding (MoU) will also be signed to explore the investment opportunities between the two countries following a foreign minister-level meeting, he added.

The adviser told this to the media after he held a meeting with visiting Irish Minister for Enterprise, Trade and Employment Simon Coveney at the head office of the Bangladesh Investment Development Authority (BIDA) or Biniyog Bhaban in the city’s Agargaon area.

“A MoU will be signed at the foreign minister level between the two countries soon. I hope our trade and investment will increase with Ireland,” he said.

Besides, a Bangladeshi delegation comprising businessmen and bureaucrats will visit Ireland to explore the potential sectors in Ireland for making investment there, said Mr Rahman.

Ireland expressed interest in Bangladesh’s tourism sector, the adviser said, adding that infrastructure development in Bangladesh has drawn attention to Ireland.

“They expressed their interest in extending their support if we want,” he said.

The adviser said case studies would be conducted on the economic achievements of Ireland.

He further said nine out of 10 top pharmaceutical companies have invested in Ireland, also major Information and Technology (IT) companies, including Google have also invested in this European country.

To further increase bilateral trade, the two countries want to prioritise the pharmaceuticals, IT and tourism sectors, he added.

BIDA Executive Chairman Lokman Hossain Miah was also present during the briefing.

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