US investors keen to invest in Bangladesh: US envoy

Staff Correspondent

22 March, 2021 12:00 AM printer

US Ambassador to Bangladesh Earl R. Miller said the US-Bangladesh Business Council would be launched soon.

He said the US investors were keen to invest in Bangladesh.

Earl R. Miller made the remarks at a meeting with Dhaka Chamber of Commerce and Industry (DCCI) president Rizwan Rahman at the latter’s office in Dhaka.

John Dunham, Economic Affairs Unit Chief at US Embassy in Bangladesh and John Smith-Sreen, Director at Economic Growth Office, USAID, among others, were also present during the meeting, said a DCCI press release.

US Ambassador said agriculture, automobile, blue economy, tourism, eco-tourism and light engineering were some of the potential avenues for US investors.

Earl R. Miller also urged to improve ease of doing business index and develop infrastructure including that of port. He emhasised the need to improve economic ties to strengthen bilateral relations between the two countries.      

Earl R. Miller congratulated the people of Bangladesh on the occasion of its golden jubilee and celebration of Bangabandhu’s birth centenary. 

During the meeting, DCCI president Rizwan Rahman said the bilateral trade between Bangladesh and the United States recorded 37.6 percent growth over the last 10 years.

 It reached to $ 7.96 billion in FY2020 of which Bangladesh’s export was $5.83 billion and import was $ 2.13 billion.

 DCCI president called for the US investment, particularly in the medical equipment and safety gears, automobile, smart farming technology, food processing and 4IR technologies.

  “Bangladeshi RMG exporters pay 15.62 percent duty on their shipments to the USA which is the highest compared to other exporting nations to USA. Therefore, we urged the USA to include RMG, footwear and dairy products of Bangladesh under duty free quota free (DFQF) facility of USA”, he said.