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Business Insider Bangladesh

Bangladesh keen to work with Gabon in green economy: FBCCI president

BI Desk || BusinessInsider

Published: 21:15, 7 December 2022  
Bangladesh keen to work with Gabon in green economy: FBCCI president

Photo: Collected

Bangladesh is keen to work with Gabon, a country lying on the west coast of Africa, in the green and circular economy sector.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md. Jashim Uddin made this remark on a Roundtable discussion on “Invest in Gabon-Climate & Sustainability Finance” organised by the government of Gabon held on Tuesday in London.

The meeting was hosted by the government of Gabon on the occasion of the Commonwealth Trade and Investment Summit at Mansion House in London, reports BSS.

Jashim believed that adaptation of the circular economy and green economy concept, formulation of waste management policy, port development initiatives and automation, multimodal transport strategies, and massive infrastructure development projects will contribute towards achieving climate & sustainability finance.

He mentioned that the world is facing a triple and interconnected crisis: the climate emergency, rapid damage to biodiversity, and extreme poverty.

“The next ten years are crucial to prepare, adapt and transform our societies, economies, and all ecosystems,” he noted.

The chief of the country’s apex trade body further said that the private sector has a defining role in both mitigating the potential damages brought by a carbon-intensive, ‘business-as-usual’ global economy and finding new, innovative, and catalytic methods for adapting to a changing climate.

The FBCCI President informed the attendees about the initiative of the government of Bangladesh in implementing Vision 2041, achieving SDGs by 2030, and the 100-Years Delta-2100 plan.

To reach the next level of development, Bangladesh needs more local and foreign investment, he noted.

Investments in greener technologies and data-driven production methods aligned with 4IR in the manufacturing sectors are important to consider, Jashim suggested.

The FBCCI President said that to shape a greener and more inclusive financial system, developing and emerging economies should focus on innovations in policies, regulations, and norms.

The FBCCI president invited the Commonwealth nations to participate in the ‘Bangladesh Business Summit 2023’ to celebrate the 50 years of the establishment of FBCCI.

He made this invitation at a meeting of the Commonwealth Enterprise and Investment Council (CWEIC) held yesterday in London, UK.

FBCCI is a strategic partner of CWEIC and Md Jashim Uddin is one of the members of its Global Advisory Board.

Nagad