FROM SINGAPORE TO BANGLADESH

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FROM SINGAPORE TO BANGLADESH
FROM SINGAPORE TO BANGLADESH

Africa-Press – Eswatini. Following the hosting of the Singapore Business Forum, the Eswatini Investment Promotion Authority team is headed to Bangladesh.

The investment interest from business people in the southern Asian country with a population of about 171 million people is reportedly so strong they have offered to fully fund the trip.

The Singapore Business Forum Seminar was attended by His Majesty King Mswati III and was held in partnership with the Singapore Business Federation on Tuesday.

Minister of Commerce, Industry and Trade Manqoba Khumalo said the Eswatini Investment Promotion Authority (EIPA) team will be flying to Bangladesh to present opportunities for doing business in Eswatini at the end of July.

“The Bangladesh business people have literally paid for the trip. You need to understand that there is this thing we keep hearing that Africa is the next economic giant. That thing is real and some people understand and believe it.

“With the high poverty levels in Africa, it is only natural that over time this situation would have to be balanced out so these

“Western and Asian countries are really looking to get ahead of that curve,” he explained.

The minister said the Bangladesh business people have a huge interest in agriculture because they have seen how the African market basically imports most of its food and want to set up facilities to grow maize and other produce.

“They have also seen an opportunity in pharmaceuticals as they have also seen that we import a lot of our drugs, mainly from India. I have been told that Bangladesh is number two in the manufacturing of pharmaceuticals in Asia, I had not known this. They look to supply into the region,” he said.

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