Bangladesh boosts appeal as investment destination

As one of the fastest growing economies in the world, Bangladesh has emerged as an attractive investment destination despite the global economic downturn and supply chain disruptions, a forum heard on Monday.

"In Bangladesh today, we believe that trade and investment are pillars of development," said Israt Ara, consul general of Bangladesh in Hong Kong, during a seminar on business and investment opportunities between Bangladesh and Hong Kong. The seminar was hosted by the Bangladesh Consulate General.

Despite the global economic downturn, Bangladesh still maintained its goal to achieve over 7 percent of GDP growth this year, she said, adding that the country can be a destination for investment as the COVID-19 pandemic, geopolitical tensions and related sanctions have disrupted the global supply chain.