“I can assure you of the best political framework”

Yesterday, Prime Minister Sheikh Hasina invited American businessmen with the assurance of the best possible political framework for an investment-friendly atmosphere in Bangladesh.

“With strong prospects, I can now assure you of the best possible policy framework to ease our business and investment climate,” she said.

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The prime minister made the call during a meeting with the first-ever visiting executive business delegation, the US-Bangladesh Business Council, at Gono Bhaban.

Sheikh Hasina said she believed US companies would take advantage and invest more in promising sectors such as power and energy, ICT, infrastructure, light engineering products, mobile telephony and electronics, automotive, agro-industry, pharmaceuticals and ceramics.

She mentioned that Bangladesh is now recognized for its state-of-the-art manufacturing plants in various sectors such as RMG, leather, plastic, jute, ICT and agro-industry.

The Prime Minister said she believes the U.S.-Bangladesh Energy Task Force, launched in September 2021, will help advance energy cooperation between stakeholders in the two countries.

Likewise, the U.S.-Bangladesh digital economy task force project will help deepen business cooperation of the two countries to ensure sustainable development, she noted.

“Our trade relationship can be further enhanced with duty-free access and other trade privileges in the US market,” she said, adding that “Bangladesh is ready to start negotiations on a free trade agreement. -exchange with the United States at the appropriate time”.

Expressing his gratitude to the United States Chamber of Commerce for recognizing Bangladesh as one of its potential partners for enhancing trade and investment, Sheikh Hasina hoped that this visit and exchange of views with the government and relevant private bodies will further explore the expected business-to-business partnership and, certainly, double the volume of trade and benefit the private sectors of both countries.

Bangladesh has been recommended to leave the PMA in 2026 and the country aspires to become a developed and prosperous country by 2041, she said, adding that “we need increased investments from countries friends, especially from the United States”.

Calling Bangladesh an attractive investment destination, she said, apart from physical infrastructure, the country has improved and relaxed rules and regulations for investment and business.

The Prime Minister added: “Bangladesh has the most liberal investment policy in South Asia and its foreign investments are protected by Acts of Parliament and bilateral treaties.”

Recently, all parts of Bangladesh have been covered by electricity, she said, adding, “We are improving our road, rail and river communications by implementing mega projects.”

Mentioning that Bangladesh is setting up 100 special economic zones for domestic and foreign investors across the country, the prime minister offered “We can reserve one of the zones exclusively for US investors, if you wish.”

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