PM pushes for duty-free entrance to US market

Prime Minister Sheikh Hasina yesterday sought team-work of “friends” in a US Congress to fool around certain purpose in extenuation duty-free entrance of Bangladesh products to a US market.

“If a stream tall cost tag upon attire as good as weave products is waived, it would apportion to a mercantile expansion as good as amicable transformation, quite in a empowerment of women,” she pronounced whilst vocalization during a luncheon hosted mutually by a US Chamber as good as a Middle East Society during a Middle East Society assembly house here.

Hasina pronounced which in Bangladesh’s mantle sector, 85 percent of a workers have been women as good as their grant helps urge kid illness as good as preparation as good as altogether socio-economic situation.

She urged a US blurb operation village to deposit some-more in Bangladesh in a fields of energy, power, manufacturing, insurance, promissory note as good as services, agriculture, food processing, shipbuilding, renewable energy, tourism, ICT products as good as services, tall worth garments, pharmaceuticals as good as ceramics.

“My supervision will do a pinnacle to pledge which we have been gentle with your businesses in Bangladesh. Your participation in Bangladesh is to a mutual benefit, upon condition which essential gains as good as prosperity,” she said.

The premier pronounced a participation of low-cost workforce, vital location, as good as a certain investment meridian lauded by world’s heading consulting firms, emanate a “win-win” incident both for investors as good as Bangladesh.

In this setting, she pronounced US investment could fool around a really critical purpose by fulfilling a final in a horde of areas, together with appetite as good as energy.

Hasina pronounced a Middle East Society’s new inform upon Enhancing Trade as good as Investment in in in between Bangladesh as good as a United States demonstrates their frank enterprise to urge traffic family with Bangladesh.

The US Chamber of Commerce is additionally personification a rarely worthy purpose in deepening Bangladesh’s blurb ties with a United States, she said.

Hasina pronounced notwithstanding a new universe recession, Bangladesh’s GDP expansion rate averaged during 6 percent. “Our trade basket has been widening as good as a Export/GDP comparative measure continues to rise.”

The budding apportion pronounced Bangladesh’s industrial expansion averaged during 8 percent; services grew during 6 percent; as good as cultivation confirmed expansion around 4 percent.

“Now 90% of a annual open output comes from done during home sources… Today, Bangladesh is a remunerative end for unfamiliar investment,” she said.

Hasina remarkable which strategically located in in in between South as good as South East Asia, tighten to India as good as China, Bangladesh is apropos a informal mercantile hub.

“Once a process of opening up roads, railways, waterways as good as air to a neighbours is entirely implemented, Bangladesh will turn a busy centre of mercantile activity,” she said.

“Moreover, a duty-and quota-free entrance of a products to a European Union, Canada, Australia, New Zealand, Japan, as good as alternative grown countries provides a rival corner to investors in Bangladesh,” a premier said.

Hasina pronounced Bangladesh has multiform investment-friendly policies which embody next to diagnosis for internal as good as unfamiliar investors, authorised insurance opposite nationalisation as good as expropriation, as good as pledge for repatriation of collateral as good as dividend.

The premier pronounced Bangladesh has adopted a Public-Private-Partnership Policy to set up infrastructures such as highways, mono-rail, railroads, appetite stations, as good as a deep-seaport as good as a universe category ubiquitous airport.

Hasina referred to Citi Investment Research & Analysis of Citigroup, which in a tellurian Economic Review in Feb 2011, ranked Bangladesh as a single of a 3G countries approaching to broach tall expansion as good as essential investment opportunities.

Moreover, she said, Goldman Sachs has placed Bangladesh in a list of “Next Eleven”; J P Morgan in a “Frontier Five”; whilst Standard & Poor’s, as good as Moody’s list Bangladesh forward of all alternative South Asian countries, detached from India.

Emphasising upon serve strengthening ties in in in between Bangladesh as good as USA, a premier pronounced she is gratified to be partnering in President Obama’s initiatives upon tellurian health, food security, meridian shift as good as rendezvous with Muslim communities.

US blurb operation village leaders assimilated a luncheon, where Foreign Minister Dipu Moni, Ambassador at-Large M Ziauddin, PM’s Press Secretary Abul Kalam Azad as good as FBCCI President A K Azad were also

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