Bangladesh business

U.S.-Bangladesh Business Council hosts Prime Minister Hasina on sidelines of UNGA

U.S. support for strengthening Bangladesh’s global competitiveness and expanding its export base will be appreciated, PM says

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 business executives from the United States. States and Bangladesh, on the sidelines of the United Nations General Assembly meeting.

Underlining the importance for Bangladesh to have a strong trade and investment relationship with the United States, Prime Minister Sheikh Hasina said that Bangladesh would offer a special economic zone exclusively for American companies.

The event was chaired by Chevron Vice President of Business Development and Board Chairman Jay R Pryor and US-Bangladesh Business Council Chairman 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 our trade relationship can be further strengthened and we will be compelled to have duty-free access and other trade privileges in the US market. We are also ready to begin negotiations for a free trade agreement. exchange (FTA) with the United States at the appropriate time,” said Prime Minister Sheikh Hasina.

“Bangladesh will also graduate from LDC status in 2026, and U.S. support to improve its global competitiveness and expand its export base will be appreciated,” she added.

Jay R Pryor opened the event by emphasizing that “improvements in human development, quality of life, life expectancy, infant mortality, literacy, etc., continue apace. supported. In short, Bangladesh is a dynamic and diversified economy whose growth objective is to become a middle-income country. Like any growing modern economy, a reliable, affordable and ever-cleaner energy supply will be instrumental 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 growing trade and investment flows have created an opportunity to deepen the economic partnership between the two countries.

“We know there is a lot more that can be done to improve the ease of investing and the ease of doing business, but we are optimistic about Bangladesh and believe the US-Bangladesh Business Council can help make advancing economic opportunities that benefit the people of Bangladesh and 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 U.S.-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 government officials from Bangladesh as well as major U.S. and Bangladeshi companies in sectors including energy, financial services, manufacturing, food and beverage, aerospace and defense. , agriculture, health, water and supply chain as well as major Bangladeshi business associations.

The United States-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 constituents. members.