Bangladesh has unexploited economic potentials
Staff Correspondent : Economic potetialsHungarian prime minister Victor Orban said his country is eager to boost up economic and political relation with Bangladesh as the world sees unexploited economic and trade potentials of this “dynamically growing country”.
“Our foreign policy is to opening towards the east. Hungary decided that they want to increase the export, they have to turn to dynamically growing part of the world. So it’s very important to establish cooperation with great potential economies in the south and in the east including Bangladesh,” he said.
Addressing the closing ceremony of Bangladesh- Hungary Business Forum here on Tuesday he said this proves very well that smarter and bigger states of the world can see unexploited economic and trade potential in Bangladesh.
The business forum was organized by apex trade bodies of the two countries marking the visit of prime minister Sheikh Hasina to Hungary, first ever visit of a top Bangladeshi leader, aimed at boosting bilateral trade and business between the two countries.
Highlighting the Hungarian trade body leaders about the business opportunities in Bangladesh, prime minister Sheikh Hasina invited the Hungarian business persons to visit Bangladesh to explore the trade and business opportunities.
We will welcome Hungarian companies to invest in emerging sectors like leather and footwear, jute, ceramics, petrochemicals, food and agro- processing, plastic goods, power, energy, including renewable energy, telecommunications & ICT, water and marine and other infrastructure,” she said.
Top business leaders of the Federation of Bangladesh Chamber of Industries led by its president Abdul Matlub Ahmed and leading businessmen and entrepreneurs of Hungary Chamber of Commerce led by its vice president H Ferenc Miklossy joined the conference held at Budapest Marriott Hotel. On the occasion, a MoU was signed on cooperation between Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) and Hungarian Chamber of Commerce (HCC), the apex trade bodies of the two countries.
Hungarian prime minister said the rate of investment going to Bangladesh compared to 2010 increased by 145 percent in 2015. In five years from 2010 to 2015 the turnover of UK with Bangladesh was increased by 67 percent, the Germans by 57 percent and French turnover increased by 69 percent.
“This figures show very well that Bangladesh received the proper professional and technological support and it’s going to be able to do extraordinary results,” he said. Appreciating the economic progress of Bangladesh under the leadership of Sheikh Hasina, Hungarian prime minister said, “Sheikh Hasina is one of the few leaders whom we might respect because she is a good example of courage and bravery for us.”
“It’s very rare I’m talking about a lady. But just I’m telling you that the conference today received one of the most courageous lady of the world that very few have done for their respective countries,” Victor said.
Welcoming the business delegation of Bangladesh, Victor Orban said, “It is important to pay special attention to a country like Bangladesh with 160 million population which has been continuously growing since 2010 by over and above six percent.”
Victor Orban said Hungary has gone through a major renovation and changes in foreign policy as part of effort for strengthening the economy, regaining sovereignty and making Hungary as one of the attractive area for investments.
Orban said Hungarian companies can do something with water management, agriculture, pharmaceutical and educational technologies in Bangladesh. So there are good opportunities for Hungarian companies to take into consideration the growth of the countries like Bangladesh, he said.
