Literacy

UK keen to invest in Bangladesh’s higher education sector

British High Commissioner in Bangladesh Robert Chatterton Dickson paid a courtesy visit to Dhaka Chamber of Commerce & Industry (DCCI) to discuss various bilateral issues relating to trade and commerce.

He also met its President Rizwan Rahman at DCCI in this regard.

During the discussion, Rizwan said the UK is the third-largest investor in Bangladesh and also the third-largest export destination of Bangladesh.

In 2019-20, Bangladesh exported goods worth US$ 3.45 billion to the UK against the import of $ 411 million.

Rizwan said that UK is the second-largest export destination for locally developed software.

In 2019-20, 13 percent of country’s total software exports were destined to UK which is third in terms of overall export.

He also appreciated the UK government for allowing Bangladesh to continue duty-free access to the UK market even after Brexit.

He also urged the UK to consider establishing a country-specific economic zone in Bangladesh.

Dickson, in his speech, said that Bangladesh has made a commendable progress in the economy.

Health, financial sector, higher education and FINTECH are some of the potential sectors in Bangladesh to attract investments, he added.

A good number of British companies are in operation here in Bangladesh and they are doing well, Dickson said.

Regarding attracting more FDI, he suggested being more competitive and strengthen business-friendly environment.

He also highlighted on skill development and quality education for the young generation especially as per the need of industry.

The British High Commissioner mentioned that the UK Universities are keen to invest in Bangladesh’s higher education sector in a format of cross-border higher education but to expedite its policy guidelines or regulations need to be formulated.