Investment guide to Bangladesh to be released at ICC Asian regional conference
Dhaka, 8 November 2000 - An impartial analysis of Bangladesh as a destination for foreign direct investment will be a highlight of this week's Asia regional conference of the International Chamber of Commerce.
ICC and the United Nations Conference on Trade and Development (UNCTAD) have joined forces to compile the guide, which draws on the expertise of leading international companies that make investment decisions.
The Guide will be released at a news conference on Saturday, at the close of a three-day regional conference that will feature a line-up of government and business leaders and members of the legal profession from all over Asia.
Speakers will include Dr. Supachai Panitchpakdi, Deputy Prime Minister of Thailand, who is to take over from Mike Moore as Director General of the World Trade Organization in 2002. Bangladesh Prime Minister Sheikh Hasina, and Mr Mahbubur Rahman, President of ICC Bangladesh, will address the opening session.
Sessions will cover the investment outlook for the region, natural resources and in particularly oil and gas, arbitration and alternative dispute resolution, trade liberalization and the concerns of developing countries, electronic commerce, and multimodal transport in Asia.
While praising Bangladesh for its hospitable attitude to foreign direct investment, the ICC/ UNCTAD Investment Guide emphasises the country's need for major investment to upgrade its infrastructure.
ICC Secretary General Maria Livanos Cattaui noted that the Investment Guide looks at both strong points and weaknesses of Bangladesh as a destination for investment. "We try to be helpful to the governments and the companies that will use the guides." Previous Guides in the series have focused on Ethiopia and Mali.
Full conference details
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