PRESS RELEASE
Bangladesh and UAE Commits to Strengthening Economic and Development Cooperation
The Finance Minister of Bangladesh Mr. Abul Hassan Mahmood Ali, MP and the State Minister of Foreign Trade of the United Arab Emirates (UAE) Dr. Thani bin Ahmed Al Zeyoudi held a bilateral meeting in Abu Dhabi while they reaffirm their commitment to fostering deeper economic collaboration between the two nations. The meeting underscored the shared aspirations of both countries to bolstering trade, investment, and development cooperation for mutual prosperity. They stressed on exploring new and emerging areas of collaboration including Energy security with particular focus on renewable energy, management of sea ports, aviation, construction of infrastructure, artificial intelligence and other new technologies. Mr. Ali stressed on elevating the bilateral ties to the level of comprehensive economic partnership.
Both the Ministers stressed on the need to activate the Joint Business Council and concluding the Comprehensive Economic Partnership Agreement (CEPA) in near future while both the countries are celebrating 50 years of establishment of the diplomatic relations. A high level delegation from the UAE side is expected to visit Bangladesh in the coming months to explore the investment opportunities in Bangladesh and to identify new areas of engagement for mutual benefit.
Bangladesh side also requested for increased financing by ADFD (Abu Dhabi Fund for Development) and other UAE financial institutions. In addition to bilateral matters, the ministers also deliberated on regional and global economic challenges, affirming their commitment to multilateral cooperation and coordination to address shared concerns and promote sustainable development. Ambassador of Bangladesh to the UAE H. E. Mr. Abu Zafar and Additional Secretary of ERD Mr. Anwar Hossain accompanied the Finance Minister during the meeting while the UAE State minister was assisted by senior officials of his Ministry.
It may be noted that Hon’ble Finance Minister is on a 3-day official visit to United Arab Emirates (UAE) at the invitation of the UAE government to attend the 13th AIM (Annual Investment Meeting) Congress-2024 scheduled in Abu Dhabi from 7-9 May 2024 with the theme Adapting to a Shifting Investment Landscape: Harnessing New Potential for Global Economic Development. This morning Hon’ble Minister attended the opening ceremony of the Congress and few other sessions.
AIM Congress is an Initiative of the AIM Global Foundation, an Independent International Organization fully committed to empower the world’s economy by boosting effective Promotion Strategies and facilitating opportunities for economic productivity and expansion. More than 10 thousand participants from 175 countries including Ministers, industry leaders, policymakers, investors, entrepreneurs, and experts from around the world are gathering here to explore innovative strategies and opportunities for economic growth and prosperity.
