Bangladesh has announced its readiness to allow Ireland to invest in its economic zone.

Salman F Rahman, the prime minister’s private industry and investment adviser, disclosed this information after a meeting with Simon Coveney, Ireland’s enterprise, trade, and employment minister.

The meeting, held at the Bangladesh Investment Development Authority (Bida) building in Agargaon, paved the way for the forthcoming signing of a memorandum of understanding between the two countries at the foreign minister level.

Rahman highlighted Ireland’s keen interest in Bangladesh’s burgeoning tourism sector. He revealed that as Bangladesh continues to develop its infrastructure, the European nation has shown readiness to collaborate in this field.

Moreover, Rahman pointed out the symbolic significance of the recent opening of the Irish embassy in Bangladesh, which underscores the mutual commitment to strengthening bilateral ties.

He mentioned that both countries are actively working to boost bilateral trade, particularly focusing on sectors such as medicine, IT, and tourism. This partnership holds promise for significant economic growth and mutual benefit.