Expo 2020 Dubai: Bangladesh, UAE have come a long way in 50 years, says commerce minister

Both Bangladesh and UAE have come a long way and demonstrated excellent foresight in the last 50 years, said Tipu Munshi, Bangladesh's Minister of Commerce.

His remarks came on Thursday, as his country marked its National Day at Expo 2020 Dubai.

“We are delighted to be celebrating our 50th year of independence - our victory day - at Expo 2020 Dubai. Expo 2020 has raised our bilateral relations to a new historic high. The relations between Bangladesh and the UAE are based on fraternal relations, shared faith, traditions, government and joint aspirations,” Munshi said.

Bangladesh marked its Expo 2020 Dubai National Day on December 16 with an impressive line-up of cultural and entertainment activities - including traditional dance attributed to the nation’s forefathers, martyrs and freedom fighters - at Al Wasl Plaza, the Bangladesh pavilion and venues across the Expo site.

Munshi led a delegation from Bangladesh that was welcomed by Reem Al Hashimy, UAE Minister of State for International Cooperation and Director-General, Expo 2020 Dubai; and Najeeb Mohammed Al-Ali, Executive Director, Expo 2020 Dubai Commissioner-General Office.

Elaborating on the impressive economic development his country has achieved, Munshi said Bangladesh’s economy has transformed from a strong agricultural economy to a strong export economy with many investment opportunities.

“Bangladesh is the second-largest apparel producer after China, and we have a lot of other items coming out of Bangladesh including leather, jute, pharmaceuticals and electrical goods; we export to more than 150 countries. This is all down to the success of our Prime Minister Sheikh Hasina Wazed, who is doing a great job in this respect," he said.

The past decade has seen Bangladesh rising as an economic powerhouse with an annual GDP growth touching 7 per cent. The World Bank has upgraded Bangladesh’s GDP growth forecast for this fiscal year to 3.6 per cent, making it the second-best performing economy in the South Asia.

Dr Nadia Binte Amin, president of Women Entrepreneurs Network for Development (WEND) Association, who is part of the delegation, told Khaleej Times that one of Bangladesh's key achievements is women empowerment and closing the gender gap.