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Home Uncategorized

US eyes broader economic ties amid Bangladesh’s big push on the investment front

by Shomporko
September 28, 2020
in Uncategorized
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US eyes broader economic ties amid Bangladesh’s big push on the investment front
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The United States is searching for more extensive financial commitment with Bangladesh investigating extra approaches to extend the association as Bangladesh has made a “major push” for pulling in unfamiliar direct speculation from significant nations, authorities said.

Bangladesh and the US are set to investigate energizing monetary open doors for propelling their financial organization however a senior-level conversation going past the current stage Ticfa.

“We are taking a gander at some greater image of zones where we can improve our economy association. We are anticipating a couple of declarations,” authority at the US Embassy in Dhaka told UNB on Monday.

He said the Economic Discussion among Bangladesh and the US will be hung on Wednesday essentially.

Prime Minister’s Private Industry and Investment Adviser Salman F Rahman will lead the Bangladesh side while Under Secretary of State for Economic Growth, Energy, and the Environment Keith Krach will lead the US group at the gathering.

The US side, however, said this economic discussion is not part of the Trade and Investment Cooperation Forum Agreement (Ticfa) Council. Ticfa’s fifth meeting was held on March 5 this year in Dhaka.

The US sees “enormous market potential” in Bangladesh with its immense populace and Bangladesh’s continued financial development.

“Bangladesh keeps up an exceptionally great monetary development,” said the authority including that there is the likewise amazing capability of developing fares to the US market.

Bangladesh has just made a fruitful section to the US market with PPE.

The authority at the US Embassy said they additionally observe expanded enthusiasm for the US business community.

“Along these lines, we ought to have a senior-level conversation to propel our financial organization which is our common vision,” he said.

India, China and Japan are additionally demonstrating enormous enthusiasm to put resources into Bangladesh in the coming days.

In Bangladesh, the United States is supporting activities that incorporate force plants, LNG import terminals, and joint dares to flexibly power for quite a long time to a large number of homes, as per US authorities.

The US side said both Bangladesh and the US will discover regions where the two nations need to accomplish more.

Chevron and Coca-Cola, Oracle opened its first office here in Bangladesh in March.

The US side is additionally working through USAID to help advance public-private organizations in territories that are ready for Bangladesh to broaden its fares, officials said.

Photo credit: Collected

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