BrandCymru Client 'Wales Bangladesh Chamber of Commerce' - Trade Mission to Bangladesh
BrandCymru Client 'Wales Bangladesh Chamber of Commerce' launches historic Trade Mission to Bangladesh.
The WBCC was established in 2008 with the recognition of the growing trade that was taking place between the United Kingdom and Bangladesh. There was a need of a voice that is independent but yet takes into consideration the views and apathy of both Welsh and Bangladeshi businesses and their operators. Currently the WBCC holds more then 70 paid subscription membership, this is growing annually. The members combined turnover last was estimated to be over £20 million annually just in Wales. The potential membership turnover of Welsh Bangladeshi businesses in Wales is estimated at over £3 billion and this figure are also growing as we are finding that our members and potential members are diversifying in different business sectors and excelling in the technology and knowledge based sectors when it comes to international investment.
The Wales Bangladesh Chamber of Commerce arrives in Dhaka for a week-long visit to Bangladesh.
Bangladesh, which emerged as an independent nation in 1971, is a developing economy of South Asia. With a population of 160 million the country’s basic economic policy aimed at achieving high and steady growth, reduce wide spread poverty and sustain macroeconomic stability. The economy is in transition from a public sector dominated economy to a private sector led economy. International trade andforeign investment is considered to be vital in its endeavour to become a robust economy in South Asia. The ready-made garments (woven & knitwear) industry is responsible for nearly 78% of the country’s export revenues. Other sectors such as frozen food, leather, ceramics, home textile, pharmaceuticals, ICT, and ship building are growing and contributing positively to Bangladesh’s economy. The GDP was 6.27% in 2009/10. Major Industries in Bangladesh Ready made garments (woven and knitwear); textiles; chemical; sugar; fertiliser; cement; pharmaceutical; frozen food; jute goods; leather; waste water treatment; energy production including renewable and ship building. Major Imports into Bangladesh Machinery and equipment; chemicals; iron andsteel; yarn; textiles; food grain & other foodstuffs; crude petroleum & petroleum products; plastic & rubber articles. Major Imports into Bangladesh from the UK Power generation and industrial machinery & equipment; scrap metal; professional and scientific equipment; textile fibres; medical and pharmaceutical products; dyeing; tanning and colouring materials; electrical machinery; apparatus and appliances; chemical; materials and products; office machinery.

Established in 1998 to promote trade relations between Bangladesh and Wales, in the UK, the trade mission paid courtesy calls on the Minister for Industry, Dr Towfique-E-Elahi Chowdhury, Adviser to the honourable Prime Minister for Ministry of Power Energy and Mineral resources; and members of the Dhaka Chamber of Commerce.The delegation also travelled to Chittagong, where they met the Chittagong Chamber of Commerce and the Vice Chancellor of the Chittagong University. They then moved on to Sylhet, where they held discussions with the members of the Sylhet Chamber and Vice Chancellor of Shahjalal University, Md Saleh Uddin.
A Great Successful Trade mission ended with a Final meeting with the Prime Minister of Bangladesh Mrs Sheikh Hasina.
The meeting with the WBCC board members and the Prime Minister Sheikh Hasina was a great success. Prime Minister was delighted to see the deligation and spoken highly about the initiative taken by the WBCC and the Wales Assembly Government - WAG. The meeting last about an hour and the board members discussed various aspect of their interest how they want to invest in Bangladesh and want to make better links between Wales and Bangladesh. The Prime Minister has agreed upon providing full support from her government and welcomes any investment in Bangladesh. Prime Minister also been invited to officially visit Wales with a deligation in near future. The meeting ended with photo session and one to one conversation with the Prime Minister and her officials.

The historic visit took place when the UK and Bangladesh celebrate forty years of strong bilateral ties. Commenting on the visit, the Head of UK Trade and Industry in Dhaka, Justin Davies, said: ‘Having arrived in Bangladesh quite recently, I have already felt the huge potential of UK-Bangladesh bilateral relations. I am confident that during this visit, previously untapped angles of UK-Bangladesh trade and co-operation will be discussed and taken forward.’The trade team also met members of the media to share its views and vision.








