BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

BANGLADESH’S BUSINESS OPPORTUNITIES IN AFRICA

Author: Mohammad Jasim Uddin

DOI Link: https://www.doi.org/10.56888/BIISSj2013v34n3a3

ABSTRACT

What aspects of business opportunities between Bangladesh and Africa are potential? To address the question, this paper compares socio-economic scenarios between Bangladesh and Africa, and accommodates challenges from both sides. Trade and investment between Bangladesh and Africa are likely to be useful. Some issues are yet to be negotiated, e.g., reducing institutional and infrastructural barriers between the two, signing bilateral trade and investment agreements, etc. Investment in export-oriented sectors in Africa is important. It could amplify trade in goods and services bilaterally. Active involvement of private sector and increasing diplomatic engagement with as many African countries as possible are highly crucial for Bangladesh to tap business opportunities in Africa. It is arguable that in comparison with Chinese and Indian sectors-oriented engagement with Africa, Bangladesh is now not fully capable to materialise its economic potentials from the continent. This is why, Bangladesh has to pay due attention to its Look Africa policy and devise appropriate measures for its realisation.