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Bangladesh is best investment destination in South Asia, Hasina tells businesses in Hungary

 

 

9Bangladesh has the most liberal investment policy in South Asia, Prime Minister Sheikh Hasina has told the business leaders in Hungary.

She urged the businesses to invest in Bangladesh while speaking at a programme of the Bangladesh-Hungary Business Forum at capital Budapest.

“The cost of establishing business (in Bangladesh) is relatively low. We enjoy ‘duty-free, quota-free’ access to the markets of the EU, Australia, Canada, India, Japan and New Zealand,” said the prime minister.

She said Bangladesh has eight ‘fully operational’ export processing zones (EPZs) and is setting up 100 economic zones.
 

“We have already allocated special economic zones exclusively for China, India and Japan, on a G2G basis based on mutually agreed terms.”

Hasina invited the Hungarian businesses to invest in the apparel, pharmaceuticals, ICT and ship-building industries.

Bangladesh has already graduated to a lower mid-income state and targets to be a mid-income state by 2021 and a developed nation by 2041, said the prime minister.

“I strongly encourage you, the leaders of Hungarian business and industry, to partner with us in investment, trade, and innovative businesses for a shared prosperity,” said Hasina.

 

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