Politics, Asia - Pacific

Premier Hasina seeks to boost US investment in Bangladesh

At New York event, prime minister touts potential of Bangladesh's various growing sectors for US investors

Md. Kamruzzaman   | 22.09.2021
Premier Hasina seeks to boost US investment in Bangladesh

DHAKA, Bangladesh 

The prime minister of Bangladesh on Tuesday evening invited US investors to benefit from the potential of the South Asian country’s various promising sectors.

Addressing an event of the US-Bangladesh Business Council in New York, Sheikh Hasina said Bangladesh has made rapid progress in infrastructure development and the power sector to pave the way for greater foreign investment.

“We invite US investment in lucrative sectors such as information and communication technology (ICT), renewable energy, shipbuilding, automobile, light engineering, agro-processing, blue economy, tourism and knowledge based hi-tech industries,” she was quoted as saying by Bangladeshi state-run media.

“We are constantly improving our physical, legal and financial infrastructures,” Hasina said, adding that she expects the US-Bangladesh Business Council to play a pivotal role to boost the current annual bilateral trade of $9 billion.

She underlined the country’s ICT sector as one of its most promising ones, which has annual exports worth billions of dollars to some 60 countries, with the US being the top destination.

“With more than 600,000 freelance IT professionals, Bangladesh is the right place to invest in ICT sector,” she asserted.

Dhaka is also ready to exclusively offer the US one of its 100 economic zones and invites US investment in its 28 technology parks, the premier said.

Hasina added that Bangladesh is also ready to commence negotiations for a Free Trade Agreement (FTA) with the US at any convenient time for both states.

She also expressed hope that US-Bangladesh bilateral trade will be bolstered with duty-free access and other trade privileges for Bangladeshi products in the US market.

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