BANGLADESH UK
TRADE AND INVESTMENT PARTNERSHIP
Bangladesh, the Golden Land of Golden People shares a bond tied with tradition, history, culture and trade with the United Kingdom for more than 250 years. Between times the bond has emerged, crystalized and magnified along with the chronology of history. This initiation of “The Rise of Bengal Tiger: Potentials of Trade and Investment in Bangladesh” organized by the Bangladesh Securities and Exchange Commission (BSEC) is going to mark up an ever-growing dimension in the long bilateral relationship between Bangladesh and the United Kingdom.
UK Bangladesh relations are forged on common bonds. From curry to cricket, language and literature, these are the threads that tie us together. As part of this long-standing relationship, the UK and Bangladesh have enjoyed close trade and investment ties, supported by complementary strengths of the two economies. Total trade in goods and services between the UK and ণangladesh has continued to grow over the years and stands more than USD 3 billion. This represent around 0.3% of UK’s total trade, pointing towards the immense opportunity that exists to grow this relationship further, in terms of diversified growth of the trade between UK and Bangladesh.
The expatriate Bangladesh community living in the United Kingdom played a significant role during the Liberation War to garner the support of the people and the Government of the United Kingdom and the diaspora, which is now about half a million, remains a key linkage of the growing bilateral relations between Bangladesh and the UK. Since the liberation, from reforming and rebuilding the war-ravaged country till graduating from the list of LDC and towards building the Golden Bengal our remittance fighters have been and will be an Important roleplayer for the country.
Aventis
Berger Paints
BOC Bangladesh
British American Tobacco
Cairn Energy
Duncan Brothers
GEC
HSBC
James Finlay
Meghna Energy
P&O Nedlloyd
PriceWaterhouseCoopers
Reckitt Benckiser
GCM Energy
Standard Chartered
Tetley
ACI
Tullow Bangladesh
Unilever
World-Tel
GlaxoSmithKline
BANGLADESH CAPITAL MARKET
TWO STOCK EXCHANGES IN BANGLADESH:
- DHAKA STOCK EXCHANGE (DSE)
- CHITTAGONG STOCK EXCHANGE (CSE)
INCENTIVES FOR FOREIGN INVESTORS:
- LIBERALISED INDUSTRIAL POLICY
- PRIVATE SECTOR-LED STRATEGY
- FOREIGN INVESTMENT IS PROTECTED
- 100% FOREIGN EQUITY IS ALLOWED
- PRESENCE OF UNRESTRICTED EXIT POLICY
- TAX HOLIDAY FOR 5-7 YEARS FOR 23 SELECTED SECTORS
- PRIVATE POWER COMPANIES TAX HOLIDAY FOR 15 YEARS
- ACCELERATED DEPRECIATION ALLOWANCE (ADA)
- CONCESSIONARY DUTY ON IMPORTED MACHINERY
- NO VAT FOR IMPORTED CAPITAL MACHINERY AND SPARES
- AND MANY MORE...
BANGLADESH HAS LAUNCHED FIRST GREEN BOND, TO FINANCE ENVIRONMENTALLY-FRIENDLY PROJECTS INCLUDING RENEWABLES**
* The best performing indexes in the AAFF universe in December 2020 and May 2021
* https://www.pv-magazine.com/2021/04/12/bangladesh-launches-first-green-bond/
BANGLADESH BOURSES SAW THE HIGHEST RETURN IN 2020 AMONG ITS PEERS*