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Bangladesh keen to get more US investment: Foreign Minister

  • Diplomatic News
  • 16 May, 2022 14:42:59

Photo: Collected

News Desk: Foreign Minister. AK Abdul Momen said Bangladesh expects US investment in various sectors besides the US energy sector.

He added that at present US investment in the energy sector alone is about 90 percent. We need more investment in the energy sector, especially in the renewable energy sector. Because Bangladesh is still lagging behind in this sector.

He made the remarks at a press conference after a meeting with a 26-member US business delegation from the US-Bangladesh Business Council at the Foreign Service Academy.

Describing Bangladesh as a "rising sun", Momen said Bangladesh now has many opportunities in various sectors such as ICT, renewable energy and maritime economy.
Mentioning the annual investment of five trillion dollars in the United States. Momen wants more investment here. At present Bangladesh is getting a small amount from this huge investment.

The delegation includes US business leaders from a variety of sectors, including digital, energy, financial services, insurance and agriculture. They will be here until May 11.

The delegation is led by JV Prior, Vice President (Business Development) of Chevron.

Replying to a question on the return of US Generalized System of Preferences (GSP) facility for Bangladesh, the Foreign Minister said, "We are now moving from the Least Developed Countries (LDCs)." We would rather reduce GSP benefits for other countries who are rivals of Bangladesh.

Bangladesh has been excluded from the US Generalized System of Preferences (GSP) since 2015. At the meeting, Momen informed the delegation that more than 8.5 lakh ICT related freelancers are ready here. The US delegation has expressed interest in investing in the ICT sector here.

US Ambassador to Bangladesh Peter Haas on Sunday briefed the delegation on the high-level opportunities for strengthening Bangladesh-US economic and trade relations.

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