July 29, 2021, 9:12 am
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U.S. to open foreign trade service office in Bangladesh

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To enhance economic ties with Bangladesh, the US will open its foreign trade service office in Kaka.

U.S. Salman F., Undersecretary of Economic Growth, Private Industry and Investment Adviser to the Prime Minister of Energy and Environment, Keith Krach and Prime Minister of Bangladesh. The announcement came after a high-level virtual meeting between Rahman.

According to a press release issued by the Ministry of Foreign Affairs of the Government of Bangladesh, high-level economic partnership talks recognize the shared vision of a free, comprehensive, peaceful and secure Indo-Pacific region.

The United States has agreed to ask U.S. companies to invest in key sectors such as energy, IT, pharmaceuticals and agriculture.

Bangladesh and the US have agreed to implement reforms to improve the investment climate for US Source Foreign Direct Investment (FDI) in Bangladesh.

Recognizing the importance of a secure Internet and innovative digital ecosystem to facilitate the cross-border flow of information and data, the two countries agreed to hold senior-level talks to expand 4G connectivity and develop 5G networks and services.

The meeting discussed issues related to cooperation in the field of energy. They agreed to set up an energy sector dialogue to engage commercially with US energy companies. U.S. to connect U.S. companies to regional market opportunities. The Department of Commerce created the US-Bangladesh Energy Industry Working Group.

On the issue of connectivity, the two countries applauded the signing of the US-Bangladesh Open Skies Air Transport Agreement paving the way for direct flights between the two countries. The United States has praised Bangladesh for entering into a financing agreement to purchase 70 locomotives for Bangladesh Railways to enhance regional connectivity and its neighbors.