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Mohammad Atique Rahman

Assistant Professor

Dept. of International Relations

Bangladesh Foreign EconomicGoals

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he !onte"t#

Foreign Reser$es no% &' Billion ()D*$er )e$en million Bangladeshi Migrants

%or+ing in $arious countries.

ill &,,- Bangladesh recei$ed - Billion

()D nearl/ 0.1 2illion a /ear.In &,0 remittance in3o% %as 00-& million

()D.

Bangladesh has 2een seen as ma4or area of

in$estments in 2usiness5 ser$ice sectorsand consumer goods related industries.

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he Road Map#

6hat is foreign polic/7

6hat are the +e/ areas of BangladeshForeign Polic/7

Economic Diplomac/7

6hat are the o24ecti$es of F.E polic/Impacts of F.E Polic/

he 6a/ For%ard

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What is foreign policy?It is an e"tension of domestic polic/.

he foreign polic/ of a state can 2e de8ned as courses ofactions that a

state usuall/ underta+es in its e9orts to carr/ out nationalo24ecti$es 2e/ond the limits of its o%n 4urisdiction.

It is also regarded as foreign relations polic/ %hich consists of

self:interest strategies chosen 2/ the state to safeguard itsnational interests and to achie$e goals %ithin its internationalrelations milieu

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Key areas of Bangladesh Foreign Policy

Friendship to all Malice to none.

)elf=preser$ation5 maintenance of territorialintegrit/5

Economic ad$ancement and augmentation of

national po%er.Promoting multilateralism5 regional

cooperation and securit/5 com2ating terrorism5increasing remittances5 mo2ili>ing

international support for de2t reduction5mar+et e"pansion5 and promotion of trade.

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Economic Diplomacy

he British economist and diplomat5 ?icholas Ba/ne5 one

of the leading %riters on the su24ect5 de8nes economicdiplomac/ as the @method 2/ %hich states conduct theire"ternal economic relations. It em2races ho% the/ ma+edecisions domesticall/5 ho% the/ negotiateinternationall/ and ho% the t%o processes interact.

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*24ecti$e of Bangladesh Economic Foreign Polic/

Finding ne% la2or mar+ets# M.E.5 ()A5 E( and)outh East Asia

Finding ne% mar+ets for RMG and otherproducts

)ecure FDI and *DA AIDCIn$estments on Infrastructure and Energ/

)ector

Regional Economic !onnecti$it/

Promotion of Free:trade

)ecuring trade interests glo2all/

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Supporting International Economic Diplomacy

Formation of )AAR! and )AFA

As a founder mem2er of D=- and BIM)E!5Bangladesh pla/ed important roles in theformation of these t%o regional rgani>ations.

Bangladesh has also strengthened ties %ith itsEast Asian neigh2ors. Bangladesh is a mem2erof Asia !ooperation Dialogue A!DC5 and theA)EA? Regional Forum ARFC

he *rgani>ation of Islamic !ountries *I!C andthe !ommon%ealth

6* D! Ran+s

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Impacts of F.E Policy

Foreign direct in$estment FDIC is a potent %eapon of

de$eloping the Bangladesh econom/ and can pla/ animportant role in achie$ing the countr/s socio:economico24ecti$es including po$ert/ reduction goals.

In a capital:poor countr/ li+e Bangladesh5 FDI canemerge as a signi8cant $ehicle to 2uild up ph/sical

capital5 create emplo/ment opportunities5 de$elopproducti$e capacit/5 enhance s+ills of local la2or throughtransfer of technolog/ and managerial +no%:ho%5 andhelp integrate the domestic econom/ %ith the glo2aleconom/.

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Ma4or FDI In$estments

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The ay forard

More FDI in future in grants rather than

loans)ecure trade concessions