Bangladesh, Lithuania forge tech alliance to unlock fintech, cyber investment

Bangladesh and Lithuania are opening a new front in bilateral economic ties, with information technology, cyber security, fintech and digital innovation emerging as promising areas for trade, investment and technology transfer.

Lithuania’s non-resident Ambassador to Bangladesh Diana Mickeviciene held a meeting with Commerce Minister Khondker Abdul Muktadir at the Ministry of Commerce in the Secretariat on Sunday to explore ways to deepen trade and investment cooperation between the two countries.

Commerce Ministry Secretary Md Ataur Rahman Khan was also present.

The discussions focused on the untapped economic potential of the two countries, investment opportunities and prospects for partnerships in technology-driven industries.

Acknowledging that bilateral trade remains relatively modest, Muktadir said there was considerable room to dramatically expand economic engagement between Bangladesh and Lithuania.

He particularly highlighted Bangladesh’s fast-growing ICT sector, large pool of skilled young professionals and expanding freelance workforce as attractive opportunities for Lithuanian technology companies looking to enter or expand in the South Asian market.

“Bangladesh is currently a promising destination for investment,” the minister said.

He assured the visiting ambassador that necessary facilities were in place for foreign investors to repatriate their investments and profits, while the government was working to maintain a stable and investment-friendly business environment.

The Lithuanian ambassador, meanwhile, put technology at the centre of the proposed economic partnership, saying her country has established global strengths in laser technology, GovTech and fintech.
Mickeviciene expressed Lithuania’s willingness to share its technological expertise and experience with Bangladesh, particularly to accelerate the country’s digital transformation, strengthen technological capabilities and bolster cybersecurity.

She said stronger cooperation between the public and private sectors of the two countries could unlock fresh opportunities in technology, innovation and investment.

The discussions also underscored the need for swift and practical initiatives to lift bilateral trade from its current low base. Both sides stressed the importance of expanding business-to-business contacts, connecting companies and institutions and launching joint ventures in technology-intensive sectors.

The two countries expressed optimism that closer engagement among businesses, investors and institutions would help reshape and diversify bilateral economic relations, creating new avenues for investment, technology transfer and innovation.

For Bangladesh, the emerging partnership offers access to European technological expertise; for Lithuania, it opens a gateway to one of Asia’s fastest-growing digital markets and a vast pool of young, tech-savvy talent.