French investment
Bangladesh, France reiterate interest in expanding bilateral trade and exploring potentials for investment in infrastructure
Bangladesh and France have reiterated interest in expanding bilateral trade and exploring potentials for investment in quality and resilient infrastructure development in Bangladesh, including in the railway sector.
Prime Minister Sheikh Hasina and President of the French Republic Emmanuel Macron expressed the hope that the Bangladesh-France Investment Summit — to be held on October 23 and 25, 2023 — in Paris and Toulouse would inject a new impetus to the bilateral trade and investment relations.
"Thank you, Prime Minister Sheikh Hasina, and the people of Bangladesh for such a warm welcome. Our friendship is long-standing and unbreakable," President Macron said.
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France expressed its confidence in the economic prospects offered by Bangladesh for shared growth and inclusive development.
Both sides recalled the depth of their economic partnership, spanning every sector from industry to services, and expressed willingness to further deepen and widen it through business-to-business collaboration, according to a joint statement issued on Monday.
France lauded the adoption of the National Action Plan on the labour sector of Bangladesh (2021-2026) and stressed the importance of its implementation and the diversification of Bangladesh’s economy in order to facilitate a smooth and sustainable transition under the Generalised Scheme of Preferences (GSP) of the European Union.
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Building on Prime Minister Sheikh Hasina’s visit to France in November 2021, at her invitation, President Emmanuel Macron paid a bilateral visit to Bangladesh on September 10-11, 2023.
The President of France and the Prime Minister of Bangladesh met on Monday in Dhaka to give a strong impetus to the bilateral relations, and stated their common conviction to develop a trusted and meaningful partnership fostering strategic autonomy — in support of global peace and security, resilience and prosperity, and people-centric connectivity.
Bangladesh and France committed to launch regular high-level dialogues to deepen the strategic dimension of their partnership.
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1 year ago
Bangladesh to welcome France’s approach to set up satellite factory: Momen
Foreign Minister Dr AK Abdul Momen on Thursday (August 31, 2023) said Bangladesh would welcome France’s proposal to set up a satellite factory in the country.
"They (France) actually proposed setting up a satellite factory back in 2021. We would welcome it," Momen told reporters at a briefing at the Ministry of Foreign Affairs.
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France also proposed a second satellite for Bangladesh. Earlier, France manufactured the first satellite for Bangladesh, named Bangabandhu-1.
The relevant issues are likely to be discussed during the upcoming visit of France President Emmanuel Macron which is likely to begin on September 11.
Foreign Minister Momen on Wednesday said Bangladesh and France would discuss ways to enhance trade and investment between the two countries apart from discussing issues like climate change and regulated migration if President of the French Republic Emmanuel Macron visits Bangladesh next month.
Bangladesh will welcome him as an initiative has been taken for his visit to Bangladesh after the G20 Leaders Summit in New Delhi, he said.
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“The President of France has been invited to visit Bangladesh and if he comes, Bangladesh will welcome him,” he told reporters at the Foreign Service Academy.
He, however, did not want to mention the date of his arrival in Dhaka. "We are yet to finalize it. We are working on this."
President Macron is likely to be here on September 11 to hold bilateral talks with Prime Minister Sheikh Hasina, a diplomatic source told UNB. He will leave Dhaka on September 12.
However, there is no official announcement regarding the visit that is seen as further efforts to deepen ties between the two countries on all key fronts.
“Women empowerment, enhancing trade and commerce and regulated migration – these are normal issues. Climate change is a big issue. The President of France has taken a leadership role,” Momen said, adding that Bangladesh will raise the loss and damage issue and its making functional of its relevant fund in a big way.
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At the invitation of the President of the French Republic, Prime Minister Sheikh Hasina visited France in November, 2021.
Apart from holding bilateral talks with Prime Minister Sheikh Hasina, the French President will visit Bangabandhu Memorial Museum in city's Dhanmondi to pay homage to Father of the Nation Bangabandhu Sheikh Mujibur Rahman
The two leaders are scheduled to attend the G20 Summit in New Delhi on September 9-10.
France and Bangladesh welcomed the growth of their friendship, and highlighted their shared will to develop and deepen all aspects of their partnership through regular political consultations for strategic guidance.
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Both countries reiterated their determination to enhance cooperation in all areas, including politics and diplomacy, defence and security, trade and investment, sustainable development and climate change, and education and cultural exchange.
Both countries also recognized the importance of sustained and substantive cooperation in relevant regional and multilateral fora.
Bangladesh and France stated their will to further develop the defence and security component of their partnership.
To that end, both countries agreed to strengthen dialogue and continue their cooperation, in particular the area of training, which was launched during this visit.
Furthermore, they committed to stepping up cooperation in the area of defence equipment based on the needs expressed and each party’s ability to respond to them, including through capacity building and potential technology transfer. In this regard, both parties welcomed the signing of a Letter of intent on defence cooperation.
France and Bangladesh shared the same vision for a free, open, peaceful, secure and inclusive Indo-Pacific region, based on international law and with shared prosperity for all.
1 year ago