Bangladesh has potential to be an effective partner in int'l mkt : Zoellick
Monday, 5 November 2007
World Bank (WB) President Robert B Zoellick has said Bangladesh holds the potential to become an effective partner in the international market by utilising its human resources properly and developing its infrastructures in the apparel industry.
"I am very pleased to see that the Bangladeshi people are doing jobs in the factories owned by the foreign investors. You have some good factories indeed. This country can be an effective partner in the global market ensuring proper utilisation of human resources and developing its infrastructure facilities," he said.
The visiting new chief of the multilateral donor agency made his observations and suggestions while talking to the UNB during a walkabout at the textile and apparel units of Youngone Corporation in Dhaka Export Processing Zone in Savar area Sunday.
Robert Zoellick had a discussion with Youngone's Chairman Kihak Sung and a firsthand view of various aspects of operation of the factory, including the Effluent Treatment Plant.
They discussed important matters relating to investment climate, trade and labour issues facing the foreign investors in the country's main export-earning industry, which has long been striving for duty-and quota-free access to the coveted market in Zoellick's native country, the United States.
Expressing satisfaction with the infrastructure facilities of the Youngone Corporation, the WB chief said now the real challenge is to continue such facilities also in the other enterprises of this sector.
He also emphasised industrialisation and its proper management for Bangladesh's deserved economic uplift, saying that it will increase production in the country and thereby enrich its export basket.
Zoellick, who arrived in Dhaka Saturday on the last leg of his South Asia trip, went to Dhaka Export Processing Zone Sunday morning along with senior officials of the World Bank.
"I am very pleased to see that the Bangladeshi people are doing jobs in the factories owned by the foreign investors. You have some good factories indeed. This country can be an effective partner in the global market ensuring proper utilisation of human resources and developing its infrastructure facilities," he said.
The visiting new chief of the multilateral donor agency made his observations and suggestions while talking to the UNB during a walkabout at the textile and apparel units of Youngone Corporation in Dhaka Export Processing Zone in Savar area Sunday.
Robert Zoellick had a discussion with Youngone's Chairman Kihak Sung and a firsthand view of various aspects of operation of the factory, including the Effluent Treatment Plant.
They discussed important matters relating to investment climate, trade and labour issues facing the foreign investors in the country's main export-earning industry, which has long been striving for duty-and quota-free access to the coveted market in Zoellick's native country, the United States.
Expressing satisfaction with the infrastructure facilities of the Youngone Corporation, the WB chief said now the real challenge is to continue such facilities also in the other enterprises of this sector.
He also emphasised industrialisation and its proper management for Bangladesh's deserved economic uplift, saying that it will increase production in the country and thereby enrich its export basket.
Zoellick, who arrived in Dhaka Saturday on the last leg of his South Asia trip, went to Dhaka Export Processing Zone Sunday morning along with senior officials of the World Bank.