Bangladesh, UAE pledge economic cooperation boost

The discussions emphasised shared aspirations to bolster trade, investment, and development cooperation for mutual prosperity. Highlighted areas of collaboration include energy security, focusing on renewable energy, seaport management, aviation, infrastructure construction, and advancements in artificial intelligence and other technologies.

Ali stressed the need to elevate bilateral ties to a comprehensive economic partnership level.

Both ministers emphasised the importance of activating the Joint Business Council and finalising the Comprehensive Economic Partnership Agreement (CEPA) as both countries commemorate 50 years of diplomatic relations.

A high-level UAE delegation is scheduled to visit Bangladesh in the coming months to explore investment opportunities and identify new areas for mutual benefit even as Bangladesh also sought increased financing from ADFD (Abu Dhabi Fund for Development) and other UAE financial institutions.

Beyond bilateral matters, discussions encompassed regional and global economic challenges, affirming commitments to multilateral cooperation for sustainable development.

Ambassador Abu Zafar of Bangladesh and additional secretary Anwar Hossain of ERD accompanied finance minister Ali, while UAE’s state minister was supported by concerned senior officials.

Fibre2Fashion News Desk (DR)