Dhaka: State Minister for Foreign Affairs Shama Obaed Islam announced on Monday that the government has implemented a series of coordinated strategies aimed at restoring international investors’ confidence and expanding Bangladesh’s export markets through reinforced economic diplomacy and investment-friendly reforms.
According to United News of Bangladesh, Shama Obaed Islam, speaking in the absence of the Foreign Minister, emphasized the government’s commitment to accelerating economic growth through sustainable and diversified development. This commitment includes enhanced engagement with global partners, as she addressed a query from ruling party lawmaker AE Sultan Mahmud Babu in the Parliament.
The state minister outlined that the Ministry of Foreign Affairs Bangladesh is diligently working in line with the government’s electoral commitments to broaden export markets, attract foreign investment, and strengthen diplomatic relations while safeguarding national interests. She highlighted that, beyond traditional markets in Europe and North America, Bangladesh is actively seeking new opportunities in regions such as the Middle East, Africa, South America, Southeast Asia, and Eastern Europe.
Shama Obaed noted ongoing discussions with several countries to establish bilateral trade agreements, Preferential Trade Agreements (PTAs), and Free Trade Agreements (FTAs) aimed at boosting exports and strengthening bilateral ties. These agreements are being pursued under the ‘Bangladesh First’ principle.
Focusing on export diversification, she mentioned the government’s efforts to reduce reliance on the ready-made garments sector by promoting a wider range of products in global markets. Diplomatic missions abroad are organizing trade exhibitions and participating in international fairs in collaboration with the Ministry of Commerce and the Export Promotion Bureau.
She also discussed initiatives to promote local products through international online marketplaces and the introduction of a national single-window system to streamline import-export procedures.
To enhance the investment climate, the government has launched the BanglaBIZ portal, providing one-stop digital services for investors, alongside tax incentives, improved facilities for capital and profit repatriation, and the identification of priority sectors. Six key investment agencies have been unified under a coordinated platform, with 32 reform initiatives underway to address investor concerns.
The BIDA website has been redesigned to include sector-specific information, incentives, focal contacts, and research-based reports to enhance investor communication. Additionally, Bangladeshi missions abroad are working to simplify visa procedures, facilitate business delegations, improve consular services, and enhance coordination on port and customs-related matters.
The state minister expressed optimism that these measures would help rebuild investor confidence and attract greater foreign direct investment. The government plans to organize country-specific investment roadshows, sourcing meetings, B2B matchmaking programs, and Bangladesh Investment Seminars in coordination with relevant agencies.
Shama Obaed also highlighted increased diaspora engagement programs to encourage expatriate Bangladeshis to contribute to economic development through investment, remittances, and technology transfer. She concluded by stating that export expansion and economic diplomacy are ongoing efforts, with the government continuing to work closely with relevant stakeholders to solidify Bangladesh’s position as a reliable investment destination.