China and India between them have vast and increasingly prosperous populations, which are projected to grow to three billion by 2050. Bangladesh is well situated in every sense to take advantage of this opportunity. With improving education, technology and economic growth, Bangladesh’s own market of 146.6 m people is becoming increasingly attractive to business and foreign investors. The cost of doing business in Bangladesh has significantly and visibly decreased in recent times.
Advantageous Trading Agreements
- All Bangladeshi products (other than armaments) enjoy complete duty and quota free access to EU, Japan, Canada, Australia and most other developed countries.
- Bangladesh is a signatory to the Multilateral Investment Guarantee Agency (MIGA); Overseas Private Investment Corporation (OPIC), USA; International Center for Settlement of Investment Disputes (ICSID); World Intellectual Property Organization (WIPO).
- Bilateral agreements to avoid double taxation have been signed with 28 countries with a further nine countries under negotiation.
Attractive Business and Investment Climate
- Bangladesh inherits a largely homogeneous society, in which people live in harmony and peace, irrespective of race and religion. It is a democratic country, providing broad and non-partisan political support for market-oriented reforms and for active encouragement of foreign investors.
- The Foreign Private Investment (Promotion & Protection) Act 1980 provides protection for investments made in Bangladesh.