Government Policy

Govt, business, need to assume new roles in global changes to reap benefits for BD: Mahmud

DHAKA, Jan 29, 2017 (BSS)- As Bangladesh will emerge as a middle income country by 2021, the government, business and industry will have to assume new roles and responsibilities considering the nature of global changes to reap benefits for the country, said foreign minister Abul Hassan Mahmud Ali.

"Bangladesh economy needs to look much beyond Bangladesh and position ourselves in relation to the transformations around the region and the world," said the foreign minister while speaking at a seminar "Bangladesh in Davos: Some Reflections" at a city hotel here today.

He said as an export-oriented economy, Bangladesh apparel, leather, ICT, pharma, shipbuilding industries are already much exposed to and integrated with global supply and value chains.

"We also did see in Davos how global business is looking at the new sustainable development blueprint-that is Agenda 2030-and talking in practical terms about harnessing opportunities out of the global development architecture," he added.

And, this was not just about manufacturing, it was also about the world of finance, investment, service sectors, he said, adding, "In Bangladesh we need to consider the nature of the changes underway and how we adapt to those or how we can benefit from those".

"In this, we all are together. This is indeed about collectively 'branding', or 'positioning' Bangladesh in an era of unprecedented uncertainty," he added.

In Davos Prime Minister Sheikh Hasina laid down about Bangladesh's vision for future, Mahmud said and added that Bangladesh industry and business would also profit by focusing at the ongoing global conversation, norms, and order shaping technology, entrepreneurship and innovation agenda.

Mentioning Bangladesh Prime Minister's participation in 47the Annual Meeting of the World Economic Forum (WEF) In Davos, Mahmud Ali said Prime Minister Sheikh Hasina was invited in six sessions related to water, climate change, sustainable development, digital economy where she shared the progress made in Bangladesh.

He said the Prime Minister also shared her perspectives of future growth-the opportunities as well as challenges she envisaged.

"In fact, on a number of occasions, speaking as a voice of the wider developing world, her (Prime Minister) perspectives helped other panelists appreciate the complexities of the kind of challenges we face and challenges and limitations in articulating possible solutions or pathways," he added.

MCCI organized the seminar in collaboration with the foreign affairs ministry. State minister for ICT Division Zunaid Ahmed Palak, senior secretary of the Prime Minister's Office Suraiya Begum, foreign secretary Shahidul Haque, former MCCI president Syed Nasim Manzur, Bangladesh High Commissioner to Sri Lanka M Riaz Hamidullah, executive director of CPD Dr Mustafizur Rahman and Farooq Sobhan of Bangladesh Enterprise Institute, among others, took part in the discussion.

Source: Bangladesh Sangbad Sangstha (BSS)