DHAKA, Mar 30 (V7N) — State Minister for Foreign Affairs Shama Obaid told the National Parliament on Monday that the government is working tirelessly to diversify the country’s energy procurement, aiming to reduce dependency on the volatile Middle East. During a high-profile question and answer session, the State Minister expressed confidence that the administration’s strategic shift would successfully secure the nation’s energy future.

Addressing the ongoing conflict in the Gulf, Shama Obaid emphasized that ensuring the safety and security of Bangladeshi expatriates remains the government’s top priority. She confirmed that Bangladeshi diplomatic missions across the Middle East have been placed on high alert and are working thoroughly to provide support and protection to the millions of migrant workers currently residing in the region.

The State Minister also outlined an aggressive market expansion strategy targeting Southeast Asia and beyond. She noted that active trade negotiations and market entries are underway in Thailand, Malaysia, Cambodia, Sri Lanka, Brazil, the Philippines, Vietnam, Indonesia, Singapore, and several African nations. This diversification is intended to cushion the national economy against regional shocks.

To boost export earnings, the government is prioritizing three key sectors for these new markets:

  • Pharmaceuticals: Leveraging the country's growing reputation for high-quality medicine.

  • Jute and Jute Products: Re-establishing Bangladesh's traditional strength in sustainable fibers.

  • IT Sector: Exporting high-tech services and software solutions.

Shama Obaid expressed optimism that these initiatives would not only stabilize the economy during the current global energy crisis but also significantly increase the country's total export trade in the coming fiscal year. The announcement follows a series of diplomatic briefings where the "Bangladesh First" foreign policy has been highlighted as the cornerstone of the new administration’s international relations.

END/SMA/AJ