Bangladesh has initiated talks for preferential trade terms, advocating for duty-free and quota-free access to the British market until 2032. This move aims to bolster sustainable growth and facilitate a smooth transition for Bangladeshi exports, particularly apparels.
Foreign Minister Hasan Mahmud broached the subject during a meeting with UK Minister of State for Indo-Pacific, Anne-Marie Trevelyan, at the Ministry of Foreign Affairs on Wednesday afternoon.
Following the discussion, the British minister lauded the exchange, emphasizing its significance across various policy domains, from energy transition to human rights, democracy, migration, and challenges pertaining to the Rohingya crisis.
Mahmud highlighted Bangladesh’s commitment to renewable energy, targeting to generate at least 40% of its energy from renewable sources by 2041. He underscored ongoing initiatives in solar, wind, tides, and waste-to-energy projects toward this end.
Expressing satisfaction over Dhaka’s improved traffic conditions and the completion of key infrastructure projects, the British minister commended the entrepreneurial spirit of the Bangladeshi community in the UK, particularly in sectors like cuisine.
Acknowledging Bangladesh’s forthcoming graduation from Least Developed Country (LDC) status in 2026, the British minister assured continued support during and after this transition. She also commended Bangladesh’s efforts in hosting Rohingya refugees and pledged ongoing political and financial assistance.
The foreign minister hailed the burgeoning trade ties between Bangladesh and the UK, which soared to $6 billion in 2023. He expressed gratitude for the UK’s developmental support and status as the leading source of Foreign Direct Investment (FDI) in 2023.
Emphasizing the urgency of addressing the Rohingya crisis, Mahmud called for active political support from the UK to ensure the safe and dignified return of Rohingyas to Myanmar.
The ministers further discussed cooperation in various sectors, including migration, skills development, ease of doing business, rural development, climate action, and defense.
Reflecting on the historical ties between the two nations, Mahmud fondly recalled the pivotal visit of Bangabandhu Sheikh Mujibur Rahman to the UK in 1972, which laid the foundation for the enduring friendship between Bangladesh and Britain.
