TIFA agreement between Bangladesh and Australia

Commerce Minister Tipu Munshi on behalf of Bangladesh at the virtual event (Photo: Collected)

Bangladesh and Australia have signed the ‘Trade and Investment Framework Arrangement’ or TIFA. The agreement was signed between the two countries to facilitate investment.

Commerce Minister Tipu Munshi signed the agreement in a virtual ceremony at the conference room of the Commerce Ministry at the Secretariat on Wednesday (September 15).

The Commerce Minister said Bangladesh is an important place for investors. The signing of TIFA will increase investment and trade between the two countries.

Tipu Munshi said the government has announced a package of special facilities in the economic zone to attract domestic and foreign investment. It has been made easier to provide systematic services in terms of investment. Bangladesh has a large market of about 160 million people. Here Australian investors will benefit from the investment.

In his speech, Australian Minister Dan Tihan expressed hope for increased investment and trade between the two countries through the signing of the TIFA. Apart from ready-made garments in Bangladesh, several sectors including ICT, light engineering and plastics are described as ‘potential’.

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In a virtual speech, Australian Minister Dan Tihan greeted the people on the occasion of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the golden jubilee of Bangladesh’s independence.

OD / Azim

Source: ODHIKAR by www.odhikar.news.

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