DHAKA: Bangladesh-US trade relations could see more positive outcomes over the next 30 years and beyond if Bangladesh fulfills its commitments under the Agreement on Reciprocal Trade, US Ambassador to Bangladesh Brent Christensen has said. He made the remarks on Saturday (September 12) at a ceremony marking the 30th anniversary of the American Chamber of Commerce in Bangladesh (AmCham Bangladesh) in the capital.

“Congratulations to the American Chamber of Commerce in Bangladesh on 30 years of advancing US-Bangladesh commercial relations. Over the past 30 years, AmCham Bangladesh has been a reliable partner of the US government, and I am confident that if Bangladesh fulfills its commitments under the Agreement on Reciprocal Trade, we will see even more positive results over the next 30 years and beyond,” the ambassador said.

Current and former AmCham leaders, representatives of member companies, government policymakers, diplomats, business leaders and other distinguished guests attended the event. The programme was organized to commemorate AmCham Bangladesh’s three-decade contribution to strengthening Bangladesh-US economic relations, particularly in trade and investment.

The event began with the national anthems of Bangladesh and the United States, followed by a screening of a commemorative documentary titled “30 Years of Making Possibilities Possible,” produced to mark AmCham Bangladesh’s 30th anniversary.

In his welcome address, AmCham Bangladesh President Syed Mohammad Kamal highlighted the organization’s journey from a vision three decades ago to becoming a strong platform for business, investment and Bangladesh-US economic partnership.

He expressed gratitude to the chamber’s founding members and former leaders for their vision, leadership and contributions to its development. Speaking about AmCham’s future priorities, Kamal emphasized the need for a clear two-year energy roadmap, a more investment-friendly business environment, greater attention to intellectual property rights and cybersecurity, and effective implementation of regulatory reforms.

He also urged the government to make greater use of the global experience, technology, knowledge and capabilities of AmCham and its member companies. At the event, AmCham Bangladesh Vice President and MetLife Bangladesh Chief Executive Officer Ala Uddin Ahmed announced the launch of the “AmCham Excellence Award” to recognize outstanding contributions across various sectors.

DHAKA: Bangladesh and the United States discussed ways to increase US investment, expand bilateral trade and create a more business-friendly environment during a meeting between Commerce Minister Khandker Abdul Muktadir and US Ambassador to Bangladesh Brent T. Christensen. The meeting was held Monday at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) office in Dhaka. The two sides discussed expanding bilateral trade, cooperation in the energy sector and recent policy reforms, according to information released following the meeting.

US ambassador stresses transparency in major projects

During the meeting, Ambassador Christensen highlighted the importance of maintaining a transparent and competitive environment for major infrastructure projects. Speaking about a floating liquefied natural gas (LNG) terminal, or FSRU project, the ambassador said greater transparency and open competition would help strengthen the confidence of foreign investors.

He also said US companies are interested in working in Bangladesh and emphasized the importance of ensuring fair opportunities for competition. Commerce Minister Khandker Abdul Muktadir welcomed US investors and said proposals from US companies demonstrating the ability to deliver an FSRU within the shortest possible timeframe would receive priority consideration.

Import policy also discussed

The meeting also covered Bangladesh’s new import policy. The US ambassador welcomed several positive changes in the new policy but said some provisions could be made more business-friendly. The commerce minister said the import policy is an ongoing process and that necessary reforms are being reviewed regularly in line with market conditions and economic realities.

The two sides also discussed the removal of an earlier requirement for foreign companies to appoint local agents when purchasing strategic equipment. The minister said allowing direct engagement with manufacturers has improved transparency in the procurement process and reduced the influence of intermediaries.

Energy cooperation

Energy cooperation was another key issue discussed at the meeting. Ambassador Christensen described Bangladesh’s agreement with international energy supplier Gunvor as a positive development. The commerce minister said the government would continue to give the highest priority to protecting Bangladesh’s national interests in all such arrangements.

Officials from Bangladesh’s Ministry of Industries, Ministry of Commerce and the US Embassy also attended the meeting. Both sides expressed hope that regular discussions would help further strengthen the commercial relationship between Bangladesh and the United States.