Update regulatory systems to attract more FDI: Hanna

The European Union (EU) on Thursday encouraged Bangladesh to update its regulatory systems and invest more in better infrastructures to accelerate EU investment in the country. “Increased EU foreign direct investment (FDI) would assist the country to reach a higher growth and reduce poverty further,” said Ambassador William Hanna, Head of Delegation of the EU to Bangladesh, while addressing a joint press conference at a city hotel on the occasion of the Europe Day. He said they are keen to encourage increased private sector investment in Bangladesh and start rebalancing EU-Bangladesh trade exchanges. Hanna also said nobody is more engaged than the EU in supporting Bangladesh’s development, according to a news agency.