Bangladesh signs investment promotion deal with Hong Kong

Bangladesh and Hong Kong today signed an Investment Promotion and Protection Agreement (IPPA) with an aim to increase and safeguard bilateral investment.

Khandakar Abdul Muktadir, commerce minister, and Algernon Yau, secretary for commerce and economic development of Hong Kong, signed the deal during the opening session of the 11th Belt and Road Summit 2026 held in Hong Kong.

Tap here to add The Daily Star as a trusted source

The agreement is expected to further strengthen the protection of mutual investments and capital of investors from Bangladesh and Hong Kong, according to a statement from the commerce ministry.

At the same time, it is expected to create a more institutionalised investment environment between the two sides and open up new opportunities for economic cooperation.

Hong Kong is currently the seventh-largest source of investment in Bangladesh.

The new agreement is expected to help increase investment from Hong Kong in Bangladesh.

In particular, there is potential for increased investment flows into promising sectors, including the ready-made garment and textile industries.

It may be noted that Bangladesh has attracted approximately $750 million in foreign direct investment from Hong Kong over the past five years. Of this amount, $122 million was received in 2025 alone.