The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called on Australian entrepreneurs to invest in Bangladesh.
They proposed creating a Comprehensive Economic Partnership Agreement (CEPA) or a Regional Trade Agreement (RTA) to enhance market access and stimulate investment.
FBCCI also suggested establishing a direct shipping route between Chittagong and Sydney to reduce costs and increase competitiveness.
FBCCI Vice President Joshoda Jibon Deb Nath presented these ideas during a seminar titled "Strengthening Bilateral Trade and Investment between Bangladesh and Australia," held at the Four Seasons Hotel in Sydney, Australia.
The seminar was organized by FBCCI and the High Commission of Bangladesh in Canberra, with support from the Consulate General of Bangladesh in Sydney.
Deb Nath highlighted opportunities for cooperation in pharmaceuticals, IT services, agricultural technology, renewable energy, and education.
He emphasized the untapped potential in economic relations between the two countries and invited Australian investors to explore business opportunities in Bangladesh.
The seminar included presentations on the favourable business environment in Bangladesh and the government's incentives for foreign investors, delivered by FBCCI Secretary General Md Alamgir.
Stephen Kamper, Minister for Small Business, Land, and Property of New South Wales, encouraged Bangladeshi investors to consider opportunities in Australia.
Bangladeshi business leaders also presented on key sectors such as garments and textiles, plastics, leather goods, jute products, and pharmaceuticals.
Attendees included Sophie Cotsis, MP, Minister for Industrial Relations of New South Wales; M Allama Siddiki, High Commissioner of Bangladesh to Australia, New Zealand, and Fiji; and various business dignitaries from both Bangladesh and Australia.
