Political and social stability, along with diversified export markets, are key to attracting foreign direct investments (FDI) and ensuring Bangladesh’s global competitiveness, experts said on Tuesday at a public lecture at Dhaka.
From his extensive experience with the Asian Development Bank (ADB), Renowned economist Professor Dr. M. G. Quibria underscored the urgent need for Bangladesh to expand its export markets beyond traditional destinations like Europe and the USA, suggesting a strategic focus on neighboring countries such as China and India.
Highlighting the importance of skilled human capital, Dr. Quibria urged the government to prioritize investments in health and education. He also called for critical reforms in essential sectors, including oil, gas, electricity, and banking, to maintain the nation’s competitive edge in the global economy.
Professor Dr. Mohammed Farashuddin, former Governor of Bangladesh Bank and Chief Adviser of EWU, stressed the role of political and social stability in attracting FDI. He advocated for equitable business policies, tax exemptions, and the elimination of favoritism to foster fair competition and a level playing field in the business sector.
The lecture on “World Trade and Bangladesh,” held at the Manzur Elahi Auditorium of East West University (EWU), and commenced with a welcome address by EWU Vice Chancellor Professor Dr. Shams Rahman. A lively Q&A session followed the lecture, allowing students and journalists to engage with the speakers.
Prominent economists, members of the EWU Board of Trustees, faculty, students, and other dignitaries attended the event, which concluded with calls for collaborative efforts to address the challenges and opportunities facing Bangladesh in the evolving landscape of global trade.
Bd-pratidin English/ Jisan Al Jubair
