Cabinet Secretary Nasimul Ghani has said that Bangladesh’s participation in the Investment Facilitation for Development Agreement (IFDA) is aimed at attracting greater foreign direct investment (FDI) by improving transparency and efficiency in investment-related procedures.
He clarified that the agreement does not introduce any new obligations concerning market access or investor-state dispute settlement mechanisms.
Instead, the IFDA prioritizes streamlining administrative processes, including simplifying registration and approval systems, reducing redundant applications, and establishing a comprehensive database of domestic investors.
According to the government, joining the IFDA is expected to strengthen Bangladesh’s global positioning as a competitive and investment-friendly destination, while fostering a more transparent and efficient business environment.
