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Labour reforms key to attracting large-scale FDI: Yunus

Labour reforms key to attracting large-scale FDI: Yunus
Chief Adviser Professor Muhammad Yunus speaking at a discussion followed by a dinner New York on Thursday. Photo: Collected
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Chief Adviser Professor Muhammad Yunus has stressed that meaningful labour reforms are essential for attracting large-scale foreign direct investment (FDI) to Bangladesh.

Addressing a discussion and dinner event on Thursday, he highlighted the interim government’s determination to advance labour law changes in line with International Labour Organization (ILO) conventions ahead of the national election scheduled for February 2026.

The gathering, held at Bangladesh’s Permanent Mission to the United Nations, brought together diplomats, UN representatives, and senior Bangladeshi political figures for an in-depth exchange on labour rights, workplace standards, and reform initiatives.

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Participants underscored that improving labour conditions would not only attract more FDI but also strengthen Bangladesh’s global reputation and long-term economic prospects, according to Cheif Adviser’s Deputy Press Secretary Abul Kalam Azad Majumder.

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Senior leaders from the country’s three major political parties also attended, contributing to what was described as an open and constructive dialogue on the future of labour practices in Bangladesh.

The session was moderated by Lutfey Siddiqi, Special Envoy to the Chief Adviser, and featured remarks from the ILO Director-General along with representatives of other UN agencies.

Ahead of the chief adviser’s speech, political representatives shared their perspectives, all stressing the pivotal role of the garment sector and voicing support for the government’s ongoing labour reform measures.

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