Investment scenario

The ambassador has attached great importance to Bangladesh's position in the regional perspective and said that the country has the potential to become the 'strategic base' in South Asia. However, everything will depend on improving the investment clime to the level acceptable to the foreign investors.

He also sounded a note of warning by saying that in this age of globalisation investors can shift to new destinations if they face any obstacles in particular place. The observation has great practical implications since the competition for attracting foreign investment has become very intense these days. And only the best hosts are likely to retain the investors' interest.

Tap here to add The Daily Star as a trusted source

The observations made by the ambassador are actually reverberations of what the economists, chamber bodies, business and NGO leaders and civil society members have been saying for long. Governance ,which cannot attain its goal unless a minimum degree of political stability is achieved, has been badly affected by the major political parties' inability to reach a broad understanding even on core issues like attracting foreign investment. The message that has come from a neutral observer should get across the political spectrum . The two major parties must realise how poor governance is affecting national progress in almost every conceivable way.