Read more about the event here: NCCI: Blogpost on Bangladesh Frontier Forum
“Many had strong doubts about the future of the country that was laid in ruins. However, despite the grim prospects at the onset of independence in 1971, Bangladesh has through a demonstration of tremendous resilience and hard work transformed itself into being competitive in a number of sectors”, said the Norwegian Ambassador Ragne Birte Lund. “Bangladesh has gone from being what Henry Kissinger called an international basket case to what is now an emerging high potential business destination”.
Speakers at the Forum were also honest about the challenges facing foreign businesses operating in Bangladesh. Missing infrastructure, energy shortfall, corruption, poor legal system and political tensions are the main obstacles. “Still, the market opportunities are so large that businesses will continue to thrive and benefit from a massive domestic market and a strong work force”, Deb Bhattacharya, distinguished fellow of Center of Policy Dialogue concluded, underlining the joint stance at the forum that early movers can gain unique advantages and positioning in the market of Bangladesh.
More and more foreign companies explore Bangladesh as a business destination.
“The main reason for Bangladesh being on the Next 11 list is that Bangladesh is unique among the LDCs due to the large size of its market and work force and its capable business community. The fact that it is both among the Least Developed Countries and among the most potential frontiers invites to some out of the box thinking for collaboration and initiatives to boost development and trade”, Lund pointed out.
For more information:
Full Statement of Ambassador Ragne Birte Lund
Deb Bhattarcharaya Presents Opportunities and Risks
Useful List of Resource Persons, Organisations, Participants and Speakers