June 24, 2019

Facilitation of women entrepreneurship in Bangladesh and their export potential

Ambassador Imtiaz Ahmed (Bangladesh) and President of BVMW Prof. Dr. h.c. Mario Ohoven – Picture by Embassy of Bangladesh to Germany.

By H.E. Ambassador Imtiaz Ahmed, Head of Mission of the People’s Republic of Bangladesh to the Federal Republic of Germany.

Women´s economic empowerment is an inevitable part of development discourse. Institutionalization of sustainable development process excluding women from the mainstream development programme is inconceivable and will not support sustainable economic growth.

Existing sex ratio in the demographic structure of Bangladesh indicates that women comprise almost 50% of the total population and are an essential part of human resources. It is impossible to achieve the target of a poverty-free society without the participation of women in the mainstream economy.

Considering the fact, even given the robust socio-economic development of Bangladesh; the Government of Bangladesh has given special emphasis with all stakeholders including development partners through different interventions to ensure increased women´s participation in the formal economic sector, especially in business and industry.

As Germany is one of the most important and reliable development partners of Bangladesh, recently a delegation of Ministry of Commerce of Bangladesh led by Mr. Munir Chowdhury, Director General of WTO Cell of the Ministry visited Germany mid-December 2018 in order to discuss the development issues to enhance knowledge as well as sharing experiences focusing on cooperation from Germany on the SMEs and Women Entrepreneurship Development in Bangladesh.

Commercial delegation of Bangladesh in Germany – Picture by Embassy of Bangladesh in Germany.

The orientation, meeting arranged in different institutions yet the Federal Association of Small and Medium-sized Enterprises of Germany (BVMW) in particular enhanced the understanding of the challenges of women entrepreneurship development. The delegation has acquired first hand information on the state supports/incentives to women entrepreneurs, women networking on domestic and cross-border including business model, how SMEs work in Germany, etc.

The commercial delegation travelled to the Netherlands and Germany to explore two-way investments between the European countries and Bangladesh as the country keeps its record in economic growth. The latter being a pivotal factor for the landslide victory of sitting Prime Minister Sheikh Hasina Wazed on 30 December 2018. Her party and its allies won almost all of the 300 parliamentary seats contested, in its best ever result.

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