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Change Your Life! |
US investment in Bangladesh would go to 2 billion dollars |
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News |
April 26, 2000
Dhaka, Apr 25 (UNB)- US Ambassador John C Holzman today (Tuesday) said American investment in Bangladesh would go as high as 1.5 billion to 2 billion dollars if the projects that are proposed and are on line could be implemented.
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In fact, we have a lot of successes” in US investment in Bangladesh,
which has increased to 750 million dollars, he said adding, “It will be
a lot more than that if the projects that are now on line and are proposed
go forward.” The
US envoy made the remarks while opening the US Trade Center here on the US
Embassy compound this morning. The
American companies are currently engaged in oil and gas,
telecommunications and power sectors, and setting up of private container
terminal in Chittagong. About
US-Bangladesh trade, Holzman said Bangladesh is enjoying a favorable trade
with America. Bangladesh’s export to the US is 1.9 billion dollars while
US export to Bangladesh is about 300 million dollars. The
Ambassador said the US Trade Center would facilitate greater business
action between the two sides. It
will give services both to American businesses seeking investment scope in
Bangladesh and Bangladeshi businesses seeking to buy American goods and
services. The
center will provide market information, statistics and database about
American companies. Holzaman
said the center would focus on promoting investment from America as well
as American export to Bangladesh. Leading
Bangladeshi business leaders, including ICC’B president Mahbubur Rahman,
FICCI president Wali Bhuiyan, MCCI president Latifur Rahman, DCCI
president Aftabul Islam, CSE chairman Amir Khasru Mahmud Chowdhury MP and
political and economic counselor Dan Mozena were present on the occasion.
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