Finance and Planning Minister Amir Khosru Mahmud Chowdhury has said Bangladesh is looking forward to deeper engagement from American investors and institutions including the US International Development Finance Corporation (DFC), particularly in infrastructure, energy, digital connectivity, logistics and services sectors.
He said Bangladesh welcomed increased American investment and stronger supply chain cooperation between the two countries.
“We envision deeper cooperation between our universities, researchers, entrepreneurs and diaspora communities living across different states of the United States,” he said while speaking as the chief guest at the US National Day reception held at United Convention Center in Dhaka on Wednesday evening.
US Ambassador to Bangladesh Brent T. Christensen hosted the reception where ministers, senior political leaders, diplomats stationed in Dhaka, business leaders, senior journalists and civil society members, among others, were present.
The theme at the celebration was - Revolutionary America, an homage to the brave men and women who fought against English colonial rule and won, leading to democratic governance based on liberty, self-determination, and the rights of individuals.
To mark America's 250th anniversary, Ambassador Christensen launched 50 red, white, and blue rickshaws to honor American independence and highlight the strong US-Bangladesh partnership.
The Finance Minister said Bangladesh and the United States have built strong bridges through diplomacy, trade and educational exchanges over the years.
“Our responsibility now is to deepen that partnership for future generations. I remain confident that the best chapters of Bangladesh-United States relations are still ahead of us,” he added.
Investing in Future of Bangladesh
Then and now, the US Ambassador said America First does not mean America alone and often, they find things that are mutually beneficial.
"This is the nature of diplomacy. For example, the recent deal between Boeing and Biman Airlines. This deal represents American investment in the modernisation of Bangladesh’s civil aviation sector," said the US envoy, noting that Boeing is not just providing planes, but helping Bangladesh develop its pilots, engineers, and systems.
Ambassador Christensen said Boeing and Biman are investing in the future of Bangladesh.
On the Agreement on Reciprocal Trade, also known as the ART, the envoy said it is a joint investment in both American and Bangladeshi prosperity.
"This agreement allows for a modern, balanced trade and investment partnership," Ambassador Christensen said, adding that the ART includes numerous provisions that will benefit most of the people in this room.
He said it preserves Bangladesh’s access to the US market with competitive 19 percent tariffs, down from 37 percent without the agreement, while supporting a level playing field where businesses and workers in both our economies can prosper and thrive. "This is really just common sense."
Strategic Cooperation
Last week, the two countries signed a new memorandum of understanding on strategic cooperation in the field of energy, an agreement that enables millions of dollars in energy projects and enhances Bangladesh’s energy security, industrial development, and fuel diversification.