Momen asks Bangladesh foreign mission chiefs to pursue trade diplomacy

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Momen recently gave a number of directives in separate letters to all heads of the country’s overseas missions

Foreign minister Dr AK Abdul Momen asked Bangladesh foreign missions to pursue economic diplomacy for retaining the current trade privileges after its graduation to a middle income country.

Momen recently gave a number of directives in separate letters to all heads of the country’s overseas missions.

He also instructed the missions for efforts to maintain the export growth momentum through trade talks with the governments, policy makers and the importers of the host countries.

“The missions will have to be more active to explore new market for our readymade garments, pharmaceuticals and agricultural products,” said the foreign minister, adding that everyone would have to be more serious to enhance export and investment so that Vision 2021 and Vision 2041 could be achieved ahead of time.

Currently, the country enjoys duty-free and quota-free market access facilities for its products in most of the developed countries and few emerging economies for being a least developed nation.

Momen in his letter also said it was also very important to attract more foreign investment alongside increasing the country’s export and creating new markets for the Bangladeshi products. 

The foreign minister stressed on wooing overseas investment for the country’s 100 special economic zones and 28 high-tech parks.

“The missions can play an important role to attract more investment through projecting the country’s investment-friendly policies and incentives for the potential investors of the host economies,” said Dr Momen. 

Different quarters were waging a propaganda campaign against the country’s apparel industry, he said and asked the mission heads to remain alert to any ill motives and take prompt actions to counter any propaganda maligning the country’s image.