Bangladesh Discloses US$3m Investment
As Liberia strives to improve her economy following 14 years of civil crisis, the Republic of Bangladesh has disclosed the investment of US$3 million here through the importation of goods, including electronic appliances, paramedical equipment and medicines for sale on the Liberian market at affordable prices.
Speaking to the New Dawn at a local hotel in Monrovia over the weekend, the Vice Chairman for Export Promotion Bureau of Bangladesh, Shubhashish Bose said the intent to establishing business ties with Liberia stems from the warm reception received by the Bangladeshi peacekeeping troops during their peacekeeping mission here.
“We are very proud of our solders (peacekeepers); they talk much about the warm reception given them while serving in the United Nations Mission in Liberia peacekeeping operations”, he said.
“This Consignment is just a starting point for our business relations with Liberia. We hope there will be a good business climate here because we anticipate creating more job opportunities for Liberians through the creation of Bangladeshi businesses here. Also, we are working toward building huge investment through the establishment of Bangladeshi company here”, he said.
He said his country is very engaged with mass production and his government has noted Liberia as hot spot for business. He added that his delegation will also tour Ivory Coast, Ghana, Sierra Leone and Guinea for similar business establishment.
He said the Bureau is already in close talk with the ministries of Commerce and Industry, Agriculture, Health and Social Welfare and Foreign Affairs in ensuring that those objectives are met.
“We are now working closely with key ministries for the finalization of our business plan. Also our government is working strongly to have consul general here before the end of this year”, he added.
Highlighting challenges, he pointed out that the absence of a Bangladeshi embassy near Monrovia is a serious problem faced by his delegation in the quest to establishing business tie with Liberia.
In response, Deputy Foreign Minister for Administration Sylvester Grisgby said the Liberian government is very cognizant of the enormous contribution made by the Bangladeshi troops in the peace process of Liberia.
Minister Grisgby thanked the delegation for selecting Liberia for the business exploration tour and hoped the visit will benefit Liberians.