Trade economists are being cautiously optimistic about the immediate benefits if Bangladesh is given membership of the BRICS bloc, which is a five-nation alliance comprising Brazil, Russia, India, China and South Africa.
Bangladesh needs a huge amount of investment in the energy sector to meet demand for its economic growth as a developing country, said Nasrul Hamid, state minister for power, energy and mineral resources, yesterday.
Five developed nations have continued to account for more than half of Bangladesh’s export earnings, highlighting the country’s narrow market base and the vulnerability it faces.