Member of European Parliament praises Bangladesh economic process

Image collected
MEP Tomáš Zdechovský (KDU-ČSL), a member of the Southeast Asia Parliamentary Delegation praised the economic progress made by Bangladesh during a conference on the EU – Bangladesh trade.

“There aren't many other countries who would manage to return out of poverty in but 50 years. Bangladesh has grown into one among major business EU partners and that i am positive that this cooperation will become a long-term one. Bangladesh knows the way to use the assistance the EU has got to offer”, the MEP remarked.

Since 1980 Bangladesh has increased its GDP hundred times and is now turning into a coffee middle-income country.

State Minister of Bangladesh for Foreign Affairs, Shahriar Alam, praised the role of the EU trading schemes for his country: “The European Union helped us to determine our economy. The Everything but Arms trade scheme has paved the way for our development. Nowadays, trade with EU creates almost 70 you look after all our exports.”

Ambassador of Bangladesh to the EU, H.E. Mohammed Shahdat Hossain thanked Tomáš Zdechovský for his support within the European Parliament where he worked on objective resolutions on Bangladesh.

The EU is Bangladesh’s main trading partner, accounting for around 12% of Bangladesh’s total trade. Bangladesh’s main export industry – textiles & clothing (primarily, ready-made garments) – represents about 90% of the country’s total exports to the EU. Of the remainder , products like frozen foods , agri-products, footwear, leather products and bicycles have grown in importance in recent years. EU exports to Bangladesh are dominated by machinery and transport equipment.

Tags :

Share this news on:

Previous Story

Trending Topics

Archive