US pvt sector key to unlocking Bangladesh’s growth: US embassy

The US private sector can help unlock Bangladesh’s growth potential through trade and investment, provided the right economic reforms are in place, the US Embassy in Dhaka said on Saturday.

US businesses already play a significant role in sectors such as energy security, data centers, and transportation, contributing positively to Bangladesh’s economy, the Embassy noted following a trade and investment discussion.

The US delegation was represented by Assistant Secretary for International Finance at the US Department of the Treasury Brent Neiman, Treasury Department Director Jerrod Mason, Chargé d’affaires (ad interim) Helen LaFave, Political and Economic Counselor Eric Geelan, and USAID Mission Director Reed Aeschliman.

Also present were American Chamber of Commerce in Bangladesh (AmCham) President Syed Ershad Ahmed, Vice President Eric M Walker, MetLife Bangladesh CEO Ala Uddin Ahmad, Mastercard Country Manager Syed Mohammad Kamal, and GE Country Manager Nowshad Ali, according to meeting sources.

US Assistant Secretary Brent Neiman arrived in Dhaka on Saturday to lead the delegation for discussions on bilateral relations. He was received at the airport by Khandker Masudul Alam, Director General (North America) at Bangladesh’s Ministry of Foreign Affairs.

Bangladesh anticipates a “multi-dimensional” dialogue as it welcomes the first US delegation since the formation of the interim government led by Chief Adviser Prof. Muhammad Yunus on August 8.