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Increased cooperation with Saudi Arabia is key to growth

byCT Report
26/03/2018
in Latest News
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RIYADH: The deep-rooted relationship between Saudi Arabia and Bangladesh is set to scale ever greater heights thanks to enhanced developments in trade and investment.
“We are positive that the bilateral relations will forge ahead under Saudi Vision 2030 in the coming years,” Bangladeshi Ambassador Golam Moshi said on the eve of today’s celebrations for 47th anniversary of his country’s Independence Day.
“Both countries should opt for transformation of their respective economies for the bright future of their peoples. Bangladesh is ready to have a strategic partnership to promote Saudi Vision 2030, which will be beneficial for the people of the two brotherly countries and the Muslim Ummah,” he added, using the Arabic word for community.
“The people of Bangladesh consider King Salman and his government a true and tested friend of Bangladesh, and regard the Kingdom as leader of the Muslim Ummah under his wise leadership.
“We also applaud the visionary role of Crown Prince Mohammed bin Salman, Deputy Premier and Minister of Defense, for his extraordinary efforts in boosting the Saudi economy, including the formulation of the Kingdom’s Vision 2030, under the wise and dynamic leadership of King Salman.”
Moshi said that the UN declaration on March 15 this year that Bangladesh met the criteria for graduating from the status of lower developing country (LDC) to that of developing country was a joyous occasion for all Bangladeshi nationals, at home and abroad. It was achieved, he added, thanks to the visionary leadership of Bangladeshi Prime Minister Sheikh Hasina over the past nine years.
“Under her leadership, Bangladesh followed pragmatic development strategies that resulted in inclusive economic growth, structural transformation and remarkable social progress,” said Moshi.
Bangladesh met all three criteria for graduation from LDC: its per capita gross national income is $1,610, well above the UN’s lower limit of $1,230; the human asset index is 72.9, compared with the UN target of 66 and the economic vulnerability index is 24.8, below the UN’s upper threshold of 32.
As a result, Bangladesh is emerging on the world stage as an important country offering plenty of opportunities for trade and investment.
The ambassador highlighted two recent official visits by Hasina to the Kingdom, first in June 2016 for bilateral talks, then in May 2017 to attend the Arab Islamic American Summit in Riyadh. “Both visits created a new dimension for our bilateral relations,” said Moshi.
During the 2016 meeting, King Salman described Bangladesh as a leading Islamic country, with respect to the relationship between the nations. He also praised the role played by Bangladesh in maintaining peace and stability as party of UN peace-keeping operations.
Hasina attended the summit in Riyadh the following year to express solidarity with the Kingdom as a member of the Islamic Military Alliance in the fight against terrorism and extremism.
Bangladesh is now a role model for the developing world in poverty reduction, Moshi added, having achieved success in the areas of health and education, in fighting climate change, for which it has a UN accolade, and as a major contributor of UN troops for peacekeeping operations around the world.

“Bangladesh is maintaining a ‘zero tolerance’ policy toward the menace of terrorism and violent extremism in its all forms and manifestations,” said Moshi.
“Bangladesh is now well regarded by international community, with excellent relations with important countries of the world, including Saudi Arabia.”

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