The Visit of German Business Council in Bangladesh: Significance and Outcomes

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Germany and Bangladesh marked the 50th anniversary of bilateral relations in 2022.  The two nations have had robust diplomatic ties for the past 50 years. The two nations have improved their ties, notably through diplomatic, economic, and cultural exchanges throughout the years. One of Bangladesh’s top export destinations is Germany, and trade between the two nations is constantly increasing. The EU tariff preferences given to Bangladesh facilitate these unique economic relations. Bangladesh’s exports more than 90% of textiles to Germany. Bangladesh also imports electrical goods, chemical products, and machinery from Germany. On the basis of international agreements, Bangladesh is one of the states which are working closely with Germany to improve priority areas including renewable energy, energy efficiency, good governance, and climate change adaptation.

In order to promote trade and investment in Bangladesh, the German Business Council (GBC), a platform of German private enterprises operating in Bangladesh, launched its mission in Dhaka in 2019. There were about 60 German businesses with permanent presences there. The foundation of GBC expanded the bilateral trade relations between Bangladesh and Germany. This group aimed to promote commerce and investment with Bangladesh and to offer German businesses a social setting for networking in the country. Currently, a trustee board made up of significant German companies operating in Bangladesh oversees it. This website is formally run by the German Embassy in Bangladesh.

– Aishwarya Sanjukta Roy Proma is a Research Intern at the KRF Center for Bangladesh and Global Affairs (CBGA).

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