FE Today Logo

Norway wants to invest more in Bangladesh

FE Report | November 14, 2018 00:00:00

Norway is considering making more investment in Bangladesh in the future.

Commerce Minister Tofail Ahmed said this to reporters after a meeting with Norwegian Ambassador to Bangladesh Sidsel Bleken at the secretariat office in the city on Tuesday.

Terming Norway a friendly country, he said Bangladesh gets special trade benefits under Norway's Everything But Arms (EBA) scheme.

Bangladesh exports several products, including readymade garments (RMG), to Norway, he said and expressed the hope that the export volume will grow further in the coming days.

Some 13 companies, including Grameenphone, of Norway have been operating in Bangladesh, the minister said, adding that Norway is thinking of investing further in Bangladesh.

About the upcoming election, Tofail Ahmed said the general election would be held in a peaceful, free and fair manner and it would be participatory.

In the last fiscal year, Bangladesh exported goods worth US$ 96.85 million to Norway and imported goods totalling US$63.70 million from that country.

Additional Secretary Tapan Kanti Ghosh of the commerce ministry was present at the meeting.

[email protected]

Share if you like