Bengali 
English 
Bangladesh’s transformation from a Least Developed Country (LDC) to a growing economy is making global headlines with Ireland proving to be an important supporter. Irish Ambassador Kevin Kelly recently renewed Ireland’s commitment to Bangladesh’s LDC graduation process underscoring the enhanced bilateral partnership under Ireland’s Asia- Pacific Strategy.
The establishment of the Irish Consulate in ঢাকা has catalyzed enhanced interaction between the two countries. Honorary Consul Masud Jamil Khan pointed out that bilateral activities have expanded significantly, including the signing of two memoranda of understanding to boost cooperation in trade, development, education and culture.
The Trade relations have witnessed tremendous expansion with Bangladesh exports to Ireland growing from $6.89 million in 1995 to about $500 million in 2024 reflecting an annualized growth rate of 68.3 percent. Irish firms such as Primark have invested in Bangladesh’s ready made garment industry, fostering local employment and economic growth.
Aside from economics, Ireland has stood in solidarity with Bangladesh on humanitarian concerns. Free medical treatment in Rohingya refugee camps is offered by Ireland and it has voiced its support for sustainable solutions to the crisis.
Cultural exchanges are also building bonds, as in the case of the visit by the Irish women’s cricket team to Bangladesh and preparations for art shows with Irish artists.
Ireland’s multi-faceted engagement reflects a larger global recognition of Bangladesh’s economic evolution. With Bangladesh’s upcoming LDC graduation in 2026 such collaborations are crucial in maintaining growth and ensuring an easy transition into the global economy.
Ireland’s expanding collaboration is one of the illustrations of how Bangladesh’s economic drive is attracting global interest. European, Asia and Middle Eastern nations are increasingly investing in Bangladesh’s priority sectors. The Gulf countries are interested in labor mobility and energy cooperation.
The United Kingdom and the European Union have also promised to maintain Bangladesh’s preferential trade treatments by another three years following its actual graduation. It is to make sure there will be a consistent supply of inputs into export-led markets as a testament of the nation’s progress and stability of its economy.
At the same time, Japan, South Korea and China are actively investing in Bangladesh’s technology and infrastructure sector. These investments are facilitating more integration of Bangladesh into regional value chains and expanding its industrial competence.
Foreign direct investment is steadily increasing and Bangladesh’s geographic location, young and growing population and increasing manufacturing base are becoming more attractive to foreign investors. With Bangladesh on the verge of graduating from LDC status in 2026, growing foreign interest is a good sign, as it demonstrates confidence in Bangladesh and its future as a resilient emerging economy.
