A fresh era has started for commerce and trade between Bangladesh and Europe, marked by the recent launch of the Bangladesh branch of the Europe Bangladesh Federation of Commerce. Industry (EBFCI) in Dhaka. This important event marks a significant step forward, aiming to build stronger ties in trade and investment between European countries, including the United Kingdom, and Bangladesh. The EBFCI is a non-governmental, not-for-profit organization that works to actively promote and encourage these vital business connections, serving as a crucial bridge for economic growth. The formal launch in Dhaka brought together many key people from both regions. Business leaders, aspiring entrepreneurs, government officials, and esteemed representatives from various European embassies were all present, showing great optimism for what the EBFCI can achieve. They believe this new federation will act as an indispensable link, helping European investors connect seamlessly with the dynamic and rapidly growing market in Bangladesh. It will also play a pivotal role in facilitating business development, advocating for important trade policies, and creating new, exciting opportunities for collaborative ventures.The EBFCI envisions a strong and successful economic partnership between Europe and Bangladesh, aiming to enhance collaboration in this area. To achieve this, the federation plans to offer comprehensive support to businesses on both sides. This includes organizing strategic networking events, providing valuable insights into market access, and developing robust and lasting partnerships. A key part of their work will also be to significantly raise awareness in Europe about Bangladesh’s promising investment potential across various sectors, from the thriving ready-made garments industry to emerging areas like IT, healthcare, and green technology. They will also help European enterprises understand how to navigate the local business environment more easily. During the inauguration, leaders of the federation mentioned that the EBFCI, founded in 2008, has consistently promoted innovation, sustainable growth, and shared development through close teamwork between business leaders, policymakers, and government officials.At the event, Michael Miller, the European Union Ambassador, highlighted the EU’s deep commitment to inclusive development in Bangladesh. He praised the EBFCI for its efforts in establishing solid institutional connections. Additionally, Asad Alam Siam, Bangladesh’s Foreign Secretary, pointed out that the EBFCI has the potential to significantly boost trade diplomacy, draw in more foreign direct investment, and create important opportunities in international markets. This enhanced collaboration is set to unlock tremendous economic potential, fostering shared prosperity and mutual benefit for all involved parties, paving the way for a vibrant future of economic partnership.
