Expo 2020 - Bangladesh minister praises Dubai

Tipu Munshi, Commerce Minister of Bangladesh, is in town to represent the South Asian nation at the Expo 2020 Dubai, which will be held from October 1, 2021, to March 31, 2022.

“Expo 2020 is one of the greatest shows on Earth and a unique project to develop cultural understanding among people of all the countries and cultures. For me, what is amazing is the way Dubai organises such events. We all can learn from the UAE Government and the organisers of Dubai Expo 2020”, Munshi said.

He also pointed out that bangladesh exporters have been focusing on Europe and the Americas for long. However, that trend is undergoing a change. For instance, bilateral trade between Bangladesh and the UAE marginally grew to $1.85 (Dh6.8) billion in the 2020-2021 financial year, up from $1.84 (Dh6.7) billion recorded in 2018-19.

Bangladesh’s total exports to the UAE recorded a 32 per cent growth to $453.31 (Dh166) million in the 2019-2020 financial year, up from $343.50 (Dh1,262) million recorded in the previous 2018-19 financial year, despite the challenges posed by the Covid-19 pandemic, he added.

He further said that UAE has strengthened its position as the largest trading partner of Bangladesh in the Middle East, which reflects the strength and resilience of the economies of both the countries.

"Bangladesh provides the best return on investment, and I take this opportunity to urge my compatriots in the UAE to invest in their beloved Bangladesh", he added.