US To Work With Bangladesh To ‘Enhance Economic Investment’ In Next 50 Years

Desk Report

Published: 26 Feb 2024, 11:10 am

Photo: Collected

Photo: Collected

The United States has said it looks forward to working with Bangladesh to "enhance economic investment" over the next 50 years and beyond.

The visiting US delegation met Salman F Rahman, Private Industry and Investment Adviser to PM Sheikh Hasina, to hear how government and private companies are collaborating.

Eileen Laubacher, Special Assistant to the President and Senior Director for South Asia, US National Security Council (NSC); Michael Schiffer, USAID Assistant Administrator, Bureau for Asia; and Afreen Akhter, US Department of State Deputy Assistant Secretary for South and Central Asia, are on a three-day visit to Bangladesh.

For over 50 years, the US has partnered with the government and the people of Bangladesh, providing over $8 billion to tackle issues like public health, education, energy, environment, food security, natural disasters, and more.

The United States is one of the largest investors in Bangladesh and its largest single country export market, said the US Embassy in Dhaka.

"Our leadership from Washington D.C. joined local economic experts to discuss a range of issues impacting the bilateral trade relationship," said the US Embassy.

The United States "stands ready" to help Bangladesh create a business climate that attracts more investment from the US.

The delegation discussed ways to improve the business environment, making investment in Bangladesh more attractive to American companies.

The three officials, according to the US side, are visiting Bangladesh to discuss with the government of Bangladesh ways to "strengthen diplomatic ties, address challenges, and promote a shared vision for the advancement of mutual interests in the Indo-Pacific region."

They also met Foreign Minister Dr Hasan Mahmud, Foreign Secretary Masud Bin Momen, civil society representatives, labour leaders, youth activists and those engaged in developing a free and uncensored media.

"We discussed with the Foreign Minister how our two countries can work on mutual interests, including economic development, security, refugees, climate, labor, and trade," said the US Embassy in a separate message after the meeting.

Bangladesh is an important partner in the Indo-Pacific region, it said.

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