Bangladesh is going to be $100 b economy: ICCB President

Bangladesh economy is growing up despite the unstable situation in 2013. It is expected that Bangladesh is going to be US$100 billion trade economy not too distant future said ICCB President Mahbubur Rahman while inaugurating ICC Knowledge Centre Workshop on Incoterms 2010 & Uniform Rules for Demand Guarantees (URDG) on Saturday (May 31) at a local Hotel in the capital.

ICC Knowledge Centre Workshop Press Photo 31-5-14Mr. Rahman said “I must congratulate our private sector, in particular the export industries, namely Ready Made Garments, Leather, Pharmaceuticals and also the Shipbuilding Industry. I must also thank our hard working migrant workers whose regular remittances of around US$14 billion have helped in meeting our much needed foreign exchange,” he added.

We now have Foreign Exchange reserve of over US$20bliion, for which Bangladesh Bank definitely deserves credit. We now have to create congenial environment to attract both domestic and foreign direct investment for setting up basic industries, without which Bangladesh cannot sustain its growth momentum and achieve our aim of becoming middle country within next few years, he mentioned.

ICC Knowledge Centre is a joint initiative of International Chamber of Commerce Bangladesh (ICCB) and HSBC Bangladesh. It is a first ever unique learning, networking and knowledge facilitation platform for the professionals of the local trade community, engaged with international trade in Bangladesh.

Mr. Md. Fazlul Hoque, Chairman, Executive Committee, ICC Knowledge Centre said ICC Knowledge Centre will play vital role to trade specialists to enrich their knowledge. Mr. Pavel Andrle, Member, ICC Banking Commission and Secretary to the Banking Commission of ICC Czech Republic who conducted the workshop and ICCB Secretary General Ataur Rahman also spoke on the occasion.

Mr. Justin Davies, Director of Trade and Investment British High Commission, Dhaka and Syed Javed Noor Country Head of GTRF (Global Trade & Receivable Finance) HSBC Bangladesh also attended the occasion.