Bangladesh, UK agree to sign MoU on new economic cooperation

Bangladesh, UK agree to sign MoU on new economic cooperation

Bangladesh and the United Kingdom (UK) have agreed to consider signing a new Memorandum of Understanding (MoU) on economic cooperation as the two nations gained record-breaking bilateral trade of $6.4 billion in 2022-23.
The two countries have also agreed to create new institutional cooperation to promote business, trade and investments while Bangladesh received 561 million US dollars Foreign Direct Investment (FDI) from the UK, the highest from any country in 2022.
The decisions were made at the 5th Bangladesh-UK Strategic Dialogue held in Dhaka on Tuesday evening in a very warm, cordial and friendly atmosphere, a foreign ministry press release said here today.