Australian High Commissioner to Bangladesh Susan Ryle met with Commerce Minister Khandakar Abdul Muktadir at the Secretariate in Dhaka on Tuesday to discuss strengthening bilateral trade, investment, and economic cooperation between the two nations.
During the meeting, commerce minister highlighted the Bangladesh government’s commitment to fostering an investment-friendly environment, with particular emphasis on attracting foreign investments in the renewable energy sector.
“The government’s focus is on revitalising existing industries, establishing new ones, and creating employment opportunities across the country,” he stated.
The minister further added that one of the government’s key priorities is to activate the country’s industrial sector, valued at approximately $7 billion, and attract private investment to turn it into a production-driven powerhouse.
He also urged the Australian government to increase its investment in Bangladesh’s growing solar energy sector.
Australian High Commissioner Susan Ryle noted that the trade between Bangladesh and Australia currently stands at $5.14 billion, with a steady upward trajectory. She pointed out the significant investment potential in Bangladesh’s energy sector, particularly in renewable energy.
Susan Ryle revealed that a high-level Australian delegation is currently reviewing opportunities for collaboration in green energy, technology, and innovation.
The High Commissioner also highlighted the growing ties in education, with approximately 28,000 Bangladeshi students currently studying in Australia. “Australia has become one of the top destinations for Bangladeshi students seeking quality education abroad,” she said.
Both sides expressed mutual interest in expanding cooperation in key areas, including trade, education, scholarships, and infrastructure development. There was also a focus on enhancing the capacity of trade ministry officials to improve bilateral business relations.
The meeting was also attended by Mohammad Abdur Rahim Khan, secretary (Routine Responsibility) of the Ministry of Commerce.
