Bangladesh is a success story of economic development

Tiskové zprávy   |  06.02. 2020

Brussels - The conclusion of a conference on the EU – Bangladesh trade organized by MEP Tomáš Zdechovský is clear: Bangladesh is an example of a large economic growth in an extremely short time period thanks to democratic reforms and free trade.

Tomáš Zdechovský (EPP, CZ), a negotiator of Bangladesh resolutions of the European Parliament and a member of the Southeast Asia Parliamentary Delegation, says: “There are not many other countries who would manage to come out of poverty in less than 50 years. Bangladesh has grown into one of major business EU partners and I am positive that this cooperation will develop into a long-term one. Bangladesh knows how to use the help the EU has to offer.”

Since 1980 Bangladesh has increased its GDP hundred times and is now turning into a low middle-income country. Garment sector is one the major sources of growth. 62 % of this export goes to the European Union.

State Minister of Bangladesh for Foreign Affairs, Shahriar Alam, praised the role of the EU trading schemes for his country: “The European Union helped us to establish our economy. The Everything but Arms trade scheme has paved the way for our development. Nowadays, trade with EU created almost 70 % of all our exports.”

Ambassador of Bangladesh to the EU, H.E. Mohammed Shahdat Hossain thanked Tomáš Zdechovský for his support in the European Parliament where he worked on objective resolutions on Bangladesh: “Tomáš Zdechovský helped to modify European Parliament resolutions so that they reflected the reality. He has helped in a big way to the people of Bangladesh.”

Hana Raissi, Jitka Fialová