Bangladesh has an attractive economic sector for investment (US envoy)

US Ambassador Peter Haas met on Sunday with Finance Minister AHM Mustafa Kamal in the latter’s office at the secretariat. Photo: Collected

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US Ambassador Peter Haas met on Sunday with Finance Minister AHM Mustafa Kamal in the latter’s office at the secretariat. Photo: Collected

Bangladesh has an attractive economic sector for investment, US Ambassador Peter Haas said today.

He also praised the South Asian country’s progress and economic capabilities.

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Bangladesh has an investment-friendly environment as well as a demographic dividend and a skilled workforce, the ambassador said, adding that he will inform American companies about the investment opportunities available in the country.

Haas made the comments during a meeting with Finance Minister AHM Mustafa Kamal at the latter’s office in the secretariat.

The envoy also assured that the United States would support Bangladesh in its development efforts.

He also commended the measures, including the vaccination programme, taken by the Government of Bangladesh to address the health and socio-economic challenges posed by the Covid-19 pandemic.

During the meeting, Kamal said diplomatic relations between Bangladesh and the United States have extended to various fields including trade and commerce.

He said Bangladesh was no longer a “development miracle”. The country is now a “model of development” for others, Kamal said.

He said that Bangladesh is currently 41st in the world in terms of size of economy which was 60th in 2006. “After independence, it took 38 years for our economy to grow to $100 billion in GDP. [gross domestic product]but in the past 12 years it has quadrupled to $411 billion.”

The finance minister also urged the US ambassador to take the lead in attracting more investment for Bangladesh.

He also thanked the United States for its support in various ways, including providing vaccines to Bangladesh in the fight against the Covid-19 pandemic.