President Mirza Fakhrul Islam Alamgir has called on Switzerland to increase investment in Bangladesh and expand bilateral trade between the two countries.

He made the call when Swiss Ambassador to Bangladesh Reto Siegfried Renggli paid a courtesy call on him at Bangabhaban on Wednesday.

President’s Press Secretary Md. Sarwar Alam disclosed the information to the Bangladesh Sangbad Sangstha (BSS).

During the meeting, the president praised the contributions of renowned Swiss companies operating in Bangladesh and emphasised the need to increase Swiss investment in various promising sectors.

“Bangladesh now wants substantial investment, not aid,” the president said, highlighting the country’s vast economic potential. He noted that increased investment would create employment opportunities and accelerate Bangladesh’s development.

The president also praised Switzerland’s local government system and expressed interest in utilising the country’s experience to make Bangladesh’s local government system more effective and stronger. He sought Switzerland’s cooperation in this regard, and the ambassador assured him of his country’s support.

Mirza Fakhrul Islam Alamgir also appreciated Switzerland’s assistance in strengthening Bangladesh’s democratic institutions and parliamentary activities.

He said the existing friendly relations between the two countries would create new opportunities for investment, trade and economic cooperation in the future.

The meeting also discussed cooperation in addressing climate change, skills development, cultural exchange, technical education, and education and research.

The president’s military secretary, secretary and press secretary, a director general of the Ministry of Foreign Affairs, and Dipak Elmer, deputy head of mission at the Swiss Embassy, were present at the meeting.

BSS