Danish-Bangla investment accord signed

Bangladesh and Denmark signed a bilateral investment protection agreement yesterday.

The deal was signed by Industries Secretary Dewan Zakir Hossain and Dutch Ambassador in Dhaka Einar H. Jensen on behalf of the governments of the two countries, according to a press release.

Held at the industries ministry, the signing ceremony was also attended by Industries Minister Dilip Barua and Head of Asian Department of the Danish foreign ministry Martin Bille Hermann.

The agreement aims at protecting and promoting foreign investment. It will be an important foundation for the future cooperation between the two countries as it spells out the overall framework for bilateral private sector investments in the two countries.

“The agreement is first of all an important signal to Danish companies who want to invest in Bangladesh. They can now feel more confident when investing in the country”, says the Danish envoy.

Direct trade between Bangladesh and Denmark has been growing steady in recent years.