Bangladesh, Sweden for transition to broader relation

Dhaka,  Tue,  26 September 2017
Published : 15 Jun 2017, 22:59:26 | Updated : 15 Jun 2017, 23:00:21
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Bangladesh, Sweden for transition to broader relation

Bangladesh, Sweden for transition to broader relation
Dhaka and Stockholm have agreed to work together for transition of the relation to a broader level in the areas of economic cooperation and encourage more bilateral Foreign Direct Investments (FDI).

Leaders of the two countries also expressed their wishes to increase bilateral trade and investment as economic cooperation and trade and investment constitute a key element for strengthening bilateral relations.

It was told in a Joint Statement issued on the outcome of the bilateral meeting between the prime ministers of the two countries in Stockholm on Thursday.

Prime Minister Sheikh Hasina arrived in the Swedish capital on Wednesday on a three-day bilateral visit at the invitation of Prime Minister of Sweden Stefan Lofven.

The joint statement said the two prime ministers agreed to work together to take the relationship to a higher level and in that regard noted with satisfaction the signing of MoU for Foreign Office Consultations (FOC) between the Ministries of Foreign Affairs of Bangladesh and Sweden during the visit of Foreign Minister of Bangladesh to Sweden in September 2016. 

Both the prime ministers committed to cooperate within the framework of Global Deal in order to ensure decent work for workers and to achieve increased productivity and growth.

They welcomed Bangladesh's first pilot project under the Global Deal, a social dialogue initiative in the ready-made garment sector, administered by ILO and funded by Sweden and Denmark.

The Swedish Prime Minister welcomed Prime Minister Sheikh Hasina's announcement to support the "Ready-Made Garment Tripartite Consultative Council", as a new commitment in the framework of Global Deal, which also will be supported by the Social Dialogue project. 

They agreed that the Council when fully functional can become an effective tool for social dialogue.

The two prime ministers identified the great potentials in the past and current bilateral development cooperation for building broader bilateral relations for the future, such as in commerce, science, technology, innovation, research, energy, climate change, education, people-to-people contacts and tourism, the statement said. 

While agreed to encourage more bilateral Foreign Direct Investments the two prime ministers observed that respective investment promotion agencies - Bangladesh Investment Development Authority (BIDA) and Business Sweden - can play an important role in that regard. 

Recognising the growth prospect in free trade, the two prime ministers agreed that simplified rules for access of products, technology and services are important, according to BSS.

 
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