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US support to improve Bangladesh’s global competitiveness and expand its export base will be appreciated, Prime Minister said
The United States-Bangladesh Business Council of the United States Chamber of Commerce hosted a virtual business roundtable with Prime Minister of Bangladesh Sheikh Hasina and more than 30 senior executives from the business community in the United States and Bangladesh , on the sidelines of the United Nations General Assembly meeting.
Stressing the importance for Bangladesh of having a strong trade and investment relationship with the United States, Prime Minister Sheikh Hasina said Bangladesh will offer a special economic zone exclusively for American companies.
The event was chaired by the Vice President of Business Development at Chevron and the Chairman of the Board of Directors, Jay R Pryor, and the Chairman of the United States-Bangladesh Business Council and Senior Vice President (South Asia ), International Strategy and Global Initiatives in the United States. Nisha Biswal Chamber of Commerce, read a press release.
“We believe that our trade relationship can be further strengthened and we will be required to have duty-free access and other trade privileges in the US market. We are also ready to start Free Trade Agreement (FTA) negotiations with the United States in due course, â€Prime Minister Sheikh Hasina said.
“Bangladesh will also graduate from LDC status in 2026, and US support to improve its global competitiveness and expand its export base will be appreciated,” she added.
Jay R Pryor opened the event, noting that “improvements in human development, quality of life, life expectancy, infant mortality, literacy and more are happening at a steady pace. In short, Bangladesh is a vibrant and diverse economy with the growth goal of becoming a middle income country. Like any modern growing economy, a reliable, affordable and ever cleaner energy supply will play a key role in achieving Bangladesh’s goals.
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“Creating economic opportunities for all is an important step in ensuring sustainable and inclusive development. “
Nisha Biswal noted, “The strategic relationship between the United States and Bangladesh is a priority for both countries and the increasing trade and investment flows have created an opportunity to deepen the economic partnership between the two countries.
“We know there is much more to be done to improve the ease of investing and the ease of doing business, but we are optimistic about Bangladesh and believe that the US-Bangladesh Business Council can help advance the opportunities. economic benefits that benefit the Bangladeshi people and Bangladesh. Americans.”
The roundtable – which coincides with the 50th anniversary of Bangladesh’s independence and the inaugural engagement with Prime Minister Hasina of the recently launched council – also featured the launch of the US-Bangladesh Energy Task Force, co-chaired by Excelerate Energy and General Electric (GE), the statement added.
The virtual roundtable – supported by Chevron, Excelerate Energy, General Electric, MetLife and Visa – brought together senior Bangladesh government officials as well as major US and Bangladeshi companies in sectors such as energy, financial services, manufacturing, food and beverage, aerospace and defense, agriculture, healthcare, water and supply chain as well as major Bangladeshi trade associations.
The US-Bangladesh Business Council is a business advocacy platform designed to strengthen bilateral trade and investment ties, and advance policy transparency and trade reforms on behalf of its members.
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