The overview maps a roadmap for operationalizing Bangladesh’s “Look Africa” vision. It begins with the strategic rationale: as Bangladesh approaches and passes LDC graduation, preferential market access will erode, leaving competitiveness, standards and connectivity as decisive. Africa’s scale and growth—amplified by AfCFTA—offer diversified demand plus access to raw materials and farmland leases that can stabilize input costs. The book then breaks execution into near-, mid-, and long-term actions. Near term: identify five pilot markets (e.g., Kenya, Tanzania, South Africa, Ethiopia, Nigeria) and five focus sectors (RMG backward linkage items, pharma generics, light engineering, leather goods, ICT services). Establish an inter-agency Africa Desk, prioritize double-taxation and investment protection treaties, and deploy commercial officers with private-sector KPIs. Mid-term: catalyze direct shipping/feeder routes via Colombo/Mombasa, mutual recognition of standards for pharma and food, and blended finance with multilateral DFIs to de-risk first movers. Long-term: co-production and joint ventures in industrial parks, skills mobility agreements, and triangular cooperation with Japan/EU for higher standards and technology transfer. The overview also flags governance and compliance: robust KYC/AML, anticorruption safeguards, and ESG alignment to protect firms and national reputation. It concludes with monitoring metrics (export values by HS chapters, number of market entries, logistics time/cost) and emphasizes whole-of-government and business-led implementation so the initiative outlives policy cycles.
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Abstract
This volume examines the case for a significantly deeper economic, diplomatic, and knowledge partnership between Bangladesh and African economies at a time when both sides are seeking to diversify markets, secure critical inputs, and climb higher in global value chains. It surveys the demand-side pull from Africa’s growing urban consumer class and the supply-side push from Bangladesh’s evolving export basket beyond ready-made garments, including pharmaceuticals, ceramics, light engineering and IT-enabled services. The book situates these opportunities within multilateral initiatives such as the African Continental Free Trade Area (AfCFTA) and Bangladeshs LDC graduation trajectory, arguing that rules-of-origin regimes, standards infrastructure, and trade facilitation will shape early winners. Chapters draw on recent trade and investment data, logistics cost comparisons, and case studies of Bangladeshi firms prospecting in East and Southern Africa. The analysis also addresses risk factors—regulatory opacity, foreign exchange constraints, and policy volatility—and proposes practical risk-mitigation through phased market entry, local partnerships, and development finance instruments. Finally, it outlines a policy playbook for Dhaka: targeted commercial diplomacy, air and sea connectivity, export credit and guarantees, skills recognition, and diaspora engagement. By stitching these elements together, the book shows how Look Africa can become a durable South–South bridge that supports Bangladeshs export diversification, food and energy security (through inputs like cotton and pulses), and broader foreign policy objectives.
How to Cite
BIISS (2025). LOOK AFRICA: EXPLORING NEW HORIZONS FOR BANGLADESH. Bangladesh Institute of International and Strategic Studies (BIISS). https://doi.org/10.0000/book-1-mn3qm9