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Ease of Doing Business: BIDA to work with BBG

Nov 26, 2019

Ease of Doing Business: BIDA to work with BBG

A representative from the British Business Group (BBG) will systematically work with BIDA’s team dedicated to Ease of Doing Business initiatives. BIDA will also organise a full session on Doing Business with all BBG members, according to a decision taken during a breakfast meeting co-hosted by the BBG and H.E. UK High Commissioner Robert Chatterton Dickson on Nov 26. During the meeting, BIDA chief Md. Sirazul Islam thanked the UK government for supporting initiatives to improve the investment climate of Bangladesh. “To reach double-digit ranking in World Bank’s Doing Business index by 2021, we are aiming for the low-hanging fruits in terms of reforms. We are coordinating efforts to improve policy framework and investor services,” he said. “In terms of FDI net inflow, the UK stood third with US$358.85 million at the end last fiscal. We would urge UK to allow their investments to go over a billion in net inflow,” said the BIDA chief while briefing the BBG members. HSBC Bangladesh CEO Francois de Maricourt, also Chairman of the BBG, was present along with top representatives from Standard Chartered Bank, Unilever, GSK, Reckitt Benckiser, Marks & Spencer and KPMG. Deputy Trade Commissioner Rhiannon Harries, visiting from Delhi, was also present at the event.