At a time when Bangladesh garment exporters are apprehending negative impact of Britain’s exit from the European Union (EU) on the sector, a UK delegation now in Nairobi to attend the 14th Session of United Nations Conference on Trade and Development (UNCTAD), reportedly assured Bangladesh that the mutual trade between the two countries will not be impacted by ‘Brexit’. This was reportedly stated in a press release issued by the Bangladesh Commerce Ministry recently.
“Bangladesh is an important business partner of the UK. So bilateral relations, trade and investment between Bangladesh and UK would remain as usual in future like the EU era,” the leader of the UK delegation told Bangladesh Commerce Minister Tofail Ahmed at the event, underlined the press communiqué, adding that UK would continue its trade facilities to the LDCs for two years after the final approval of Brexit and “no possibilities are there to change the UK’s policies after Brexit”.
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During the meeting with the UK delegation, Bangladesh Commerce Minister also discussed issues of mutual interest as UK is the third largest export destination of Bangladesh’s apparel products worth US $ 3.7 billion after USA and Germany. While mentioning that 20 companies of UK have invested in Bangladesh so far, Tofail said that the Government has started work to develop 100 Special Economic Zones (SEZs) and if more UK companies invest, Bangladesh would provide all the facilities required.
