The United Kingdom (UK) on Sunday underlined the importance of maintaining a level-playing field for foreign companies interested in investing and operating in Bangladesh. The UK invited Bangladesh to engage with the UK private sector to pursue a commercial dispute resolution system to unlock the full potential of Foreign Direct Investment into Bangladesh. At the Bangladesh-UK Trade and Investment Dialogue 2023 held in Dhaka, the UK stressed the importance of Bangladesh putting in place economic policies and systems to achieve its ambition of rapid, sustainable and green economic development; and pledged its ongoing cooperation, according to a joint communique. Also read:; UK to review security after unknown objects puzzle N America

Parliament on Tuesday passed the Trade Organisation Bill, 2022 was allowing foreign traders to form joint-trade bodies in Bangladesh. Commerce Minister Tipu Munshi moved the bill and it was passed by voice vote. This will replace the Trade Organisations Ordinance, 1961. Also read:Bill seeking end to discrimination tabled in Parliament The legislation stated that some legal bases have been laid down for the women entrepreneurs in trade organisations through licensing. A provision has been made for a joint chamber of commerce and industry (between countries) and a chamber of commerce and industry alliance. The foreign traders will be able to form a joint chamber.