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Bangladesh seeks diversified investment from US

UNB . Dhaka
09 May 2022 21:00:13 | Update: 09 May 2022 21:17:29
Bangladesh seeks diversified investment from US
A delegation of US-Bangladesh Business Council meets Foreign Minister AK Abdul Momen at Foreign Service Academy in Dhaka on Monday — PID Photo

Foreign Minister AK Abdul Momen on Monday encouraged the US businesses to diversify their investment in Bangladesh going beyond the energy sector.

Talking to reporters at Foreign Service Academy in the capital, Momen said the current US investment in Bangladesh is concentrated in the energy sector.

He said there are many potential areas where Bangladesh seeks foreign investment.

A delegation from the United States, members of the US-Bangladesh Business Council, is visiting Bangladesh until May 11 to explore economic opportunities between the two countries.

Over 27 executives from across sectors like digital, energy, financial services, insurance, and agriculture are part of the executive business delegation.

The delegation met Momen at Foreign Service Academy on Monday afternoon.

Earlier, US Ambassador to Bangladesh Peter Haas had a brief interaction with the delegation on Sunday.

Senior officers of the US Embassy in Dhaka and the United States Agency for International Development (USAID) Bangladesh shared their briefings on high-level opportunities for stronger Bangladesh-US economic and commercial ties.

The purpose of the Council’s first trade mission to Bangladesh is to renew old friendships and explore opportunities for new partnerships, said Jay R Pryor, vice-president (business development), Chevron.

Pryor, also inaugural board chair of the US-Bangladesh Business Council, said the US companies want to contribute to Bangladesh’s impressive economic development.

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