Despite Myanmar’s stark incursion, Bangladesh kept down regional unrest: PM...

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Despite Myanmar’s stark incursion, Bangladesh kept down regional unrest: PM

 Staff Correspondent

 Published: 02:37 PM, 30 May 2019   Updated: 09:23 PM, 30 May 2019

Prime Minister Sheikh Hasina in question-answer session at Nikkei Conference

Prime Minister Sheikh Hasina in question-answer session at Nikkei Conference

Prime Minister Sheikh Hasina has told the international community that despite the extreme incursion of Myanmar on Rohingya issue, Bangladesh did not allow regional instability to increase.

In the keynote speech, the Prime Minister said that humanity and good power will win. "The world is looking forward to us, towards this emerging Asia with many expectations. Asia to lead the world to the path of peace and prosperity with Innovation and inspiration,"  the premier added.

The Prime Minister said is while addressing her keynote speech at the 25th International Nikkei Conference on Future of Asia at Imperial Hotel here with the theme ‘Seeking a New Global order – Overcoming the Chaos'’.

She said, “We’ve sought dialogue and consensus over discord, even in the face of extreme provocation and crisis. We aren’t only responding to a humanitarian call, but we’re also aware of not allowing the crisis to escalate into chaos and regional instability.” 

“Despite our extreme limitations, we offered shelter to over 1.1 million forcibly displaced Rohingyas as a responsible nation,” informed the Premier went on saying, “The future of the world lies in the convergence of interests common to humanity. As a member of the global community, Bangladesh will continue to work with all friends and partners to ensure a stable and sustainable world order for our future generations.”

She said it gives her hope to see that despite many challenges and hardships confronting globally, humans are kept expanding the frontiers of knowledge, opening new horizons to step beyond the realms of mother earth and move towards a true space age. 

“Artificial intelligence and other technological marvels are complementing our abilities manifold to reach greater heights of human civilization,” Hasina said.

Mentioning that human civilizations have suffered the horrors of war and the scourges of nature, and yet flourished, the Prime Minister said, “I’m confident the daunting challenges that confront us now will ultimately produce a positive outcome through strong, rational and responsible leadership and through a partnership among nations.”

In this regard, she firmly said the power of humanity and positive forces is bound to prevail. “The global community is looking up to us, rising Asia, to innovate, aspire, and lead the world towards continued peace and prosperity,” said the Prime Minister.

Despite the positive experience, she said, “The growing trend of trade protectionism has been seen in recent years. On the other hand, Asia has long been in support of liberalizing trade and investment. Forthright, the protectionist move from many countries may eventually lead to a worldwide trade tension.” 

“It’s simple economics that tariff rise will cause a decline in GDP growth.” 

Hasina expected that Nikkei Forum will suggest how to strengthen the cooperation of Asian countries and how to deal with protectionism within the multilateral trading regime. 

Putting emphasis on UN system and multilateralism, Hasina said, “Our emphasis has always been to promote peace and progress that would directly benefit people. In a multi-polar world, we would strive to strengthen the UN system and multilateralism for all countries.”

“It is the dynamism of connectivity that forms the cornerstone for peace and prosperity around the world. Infrastructure, free trade, and liberal investment give foundation to Asian development,” Hasina said adding, “Cross-border movement of goods and people cause exchange of a wide range of knowledge and experience and ideas.” 

She said the unprecedented levels of wealth and opportunity, rising life expectancy, greater access to education, falling infant mortality and reductions in absolute poverty on a scale which would once have been hard to imagine have been witnessed in the recent years.

The Prime Minister shared some of her ideas as one of the keynote speakers with the Asian leaders to make a better Asia.

“Today’s world is confronted with challenges and conflicts in many ways. We need to pledge to strengthen the world with greater openness, jointly address global challenges, safeguard fairness and justice and inject new impetus to cooperate using innovative ideas and measures.”

Economies should take innovative practices surpassing alliances.  Partnerships need to build on mutual trust and respect, common development and prosperity for a win-win strategy and to the benefit of people.

She said Asian countries need to cooperate with each other in the spirit of openness, inclusiveness, equality, sharing benefits and joint contributions. “Asia’s future will depend on sustainable and balanced development, improving international order and establishing win-win international relations,” she said.

Laying emphasis on facing development challenges collectively, Hasina said, “We may pool together as a group to boost world peace and stability, promote a multi-polar world and protect legitimate rights and interests of developing countries.”

Terming private sector is the main engine of Bangladesh economy, Hasina said her government attaches utmost priority to private entrepreneurship and investments, both domestic and foreign.

She said Bangladesh has one of the most liberal foreign investment regimes in South Asia, which includes legal protection of foreign investment, generous tax policy schemes and concessionary duty on import of machinery.

“We also offer 100 percent foreign equity, unrestricted and full repatriation of dividend and capital on exit. We enjoy preferential access to most of the leading world markets, including the EU, Canada, and Japan. All these generate a significant incentive for global investors, and we’re witnessing growing interest from foreign investors,” she said.

During the question-answer session, Hasina said Bangladesh will welcome any ideas of investment in any sector by the Japanese investors.

The Nikkei Conference was also joined by Malaysian Prime minister Mahathir Mohamad, Cambodian premier Hun Sen and Philippines President Rodrigo Duterte.