Bangladesh invites more Swiss investment in SEZs

Foreign Minister Dr AK Abdul Momen has invited Swiss investors to set up manufacturing factories in the Special Economic Zones (SEZs) and invest more in Bangladesh. Praising the precision and high-quality of Swiss products, he urged the Swiss investors to take advantage of various incentive packages that are on offer for Foreign Direct Investment (FDI), Bangladesh’s demographic dividend and a growing middle class population.
Besides, such Swiss investment would enable Bangladeshi workers to learn from the Swiss manufacturing expertise, Foreign Minister said.
He pointed out that alongside the ready-made garments sector; pharmaceutical and leather sectors are two other emerging export-oriented sectors of Bangladesh, and urged Switzerland to import more of these products from Bangladesh.
New Swiss Ambassador to Bangladesh Nathalie Chuard met the Foreign Minister at the State Guest House Jamuna on Wednesday and discussed the issues.
Dr Momen requested the new Swiss Ambassador to encourage Swiss investors to invest in the Hi-tech parks of Bangladesh.
The Foreign Minister briefed her about Bangladesh’s tremendous socio-economic developments, particularly during the last one decade under the visionary leadership of Prime Minister Sheikh Hasina.
Referring to the Prime Minister’s vision of a ‘Digital Bangladesh’, Dr Momen informed the Swiss diplomat of Bangladesh’s growing capabilities in the ICT sector.
He mentioned that Bangladesh is developing 28 Hi-tech parks and has a huge pool of IT professionals.
Rohingya Repatriation
Although 25 August marked the third anniversary of the latest Rohingya influx to Bangladesh, not a single Rohingya could be repatriated yet due to lack of political will and decisive action on the part of Myanmar despite agreed commitments of Myanmar, said Dr Momen.
Appreciating Switzerland’s continued support to resolve the Rohingya crisis, and Foreign Minister sought the international community including Switzerland’s stronger role in ensuring sustainable repatriation of Rohingyas at the earliest.
The issue of justice for the victims and accountability for the atrocities committed was also highlighted by Dr. Momen.
The Swiss Ambassador assured him of her country’s strong commitment in this regard.
Dr. Momen informed the Swiss envoy that currently Bangladesh is the President of Climate Vulnerable Forum (CVF).
He said that despite international commitment for mobilizing USD 100 billion per year by 2020 for adaptation and mitigation of the negative impacts of climate change, the present situation of climate finance is in a bad shape.
He urged Switzerland and other developed countries and international partners to mobilize more financial resources to address this global challenge collectively.
The new Swiss Ambassador also called on State Minister for Foreign Affairs Md. Shahriar Alam, and Foreign Secretary Masud Bin Momen same day at the Ministry of Foreign Affairs.
The Swiss Ambassador was assured of the best of cooperation during her tour of duty in Bangladesh, reports UNB.