The United States is Bangladesh’s main export destination. It is one of the major sources of FID from Bangladesh. Chevron, which generates 50% of Bangladesh’s natural gas, is the largest US investment in the country. The $6 billion in two-way trade in 2014 was.

Agriculture (including soybeans, cotton, wheat, and dairy products), aircraft, machinery, engines, and steel products are among the top US exports to Bangladesh. Bangladesh is a country where the United States imports clothing, footwear, textiles, toys, sporting goods, shrimp, and agricultural products.

In 1991 and 2007, the United States assisted Bangladesh with storm relief operations. U.S. direct investment in Bangladesh totaled $460 million in 2017, an increase of 0.4% from the previous year. Between January and October last year, Bangladesh exported a total of $9.4 billion to the United States.

The US government sent 28 million vaccines to Bangladesh along with $218 million in Covid-19 contributions. In addition, an American company and Bangladesh have agreed to install the submarine cable that will link France to Singapore by 2023 at a cost of 700 million to 1 billion dollars.

America’s main South Asian ally is Bangladesh. The two countries work closely together in the areas of climate change, counterterrorism, and regional and international security. Bangladesh plays an important role in the Obama administration’s key global development projects, which cover environment, health and food security. A strategic discussion pact was reached between the two nations in 2012. Marcia Bernikat, U.S. Ambassador to Bangladesh, said the relationship was “dynamic, complex and crucial” in 2015. Outside of Afghanistan and the Pakistan, Bangladesh received the most U.S. assistance in Asia as of 2016. The Bangladeshi American community helps improve U.S.-Bangladesh relations.

US Ambassador to Dhaka Peter D. Haas has expressed interest in investing more in Bangladesh’s energy, heavy machinery and technology sector. At that time, he expressed the hope that American investments will play a role in the transformation into a middle-income country. Moreover, this American diplomat also referred to a large middle class of consumers in this country as an opportunity for American businessmen.

The US ambassador said the things during a press conference on the three-day US trade expo at a hotel in the capital on Tuesday. The 28th Annual USA Show 2022 was hosted by the American Chamber of Commerce in Bangladesh (AMCHAM) and the US Embassy from October 27-29 at Sonargaon Hotel. Peter D. Haas, the Ambassador of the US Embassy in Dhaka, was present at the press conference organized in this regard.

Haas said high-quality products and services from the United States will be on display at this fair. He said trade between the two countries was only 1 billion 30 years ago, but reached 11 billion last year. He was also informed during the press conference that a message will be given from this exposure on the huge consumer market and the investment environment of this country for the American investors. Over the past 50 years, out of a total of $22 billion in foreign investment in Bangladesh, the United States has invested $4.4 billion. The US ambassador also said more investment will be made in agriculture, infrastructure and renewable energy.

This 3-day exhibition, which started in 1992, has become one of the biggest events in Bangladesh. Trade Minister Tipu Munshi will inaugurate the event on the 28th. This year, 76 booths from 44 companies will be represented at the 3-day event. In addition to showcasing US products and services, there will also be five seminars during the show. There will be a special seminar on studying in the United States. In addition, there will be seminars on the private sector, regional relations.

The event will be open to visitors for three days from 10 a.m. to 8 p.m. The entrance fee for this show is 30 Tk per person. However, students in uniform or with ID cards will be allowed to enter for free. There will be attractive prizes for a few winners from the public through a ticket coupon lottery.

It should be noted that AMCHAM started working as the American Economic Forum of Bangladesh since 1988. Later in 1996, the American Chamber of Commerce in Bangladesh or AMCHAM was officially established.

Major U.S. companies in Bangladesh will participate in the three-day U.S. Trade Show, which will also include U.S. Embassy lectures on visas, higher education options in the U.S., USAID support for Bangladesh’s private sector development and intellectual property rights.

On Thursday, the 28th US show will be officially opened by US Ambassador Peter D. Haas at the Pan Pacific Sonargaon Hotel in Dhaka. It will highlight the leading and cutting-edge American products and services that American companies provide in Bangladesh and is organized in collaboration with the American Chamber of Commerce (AmCham) in Bangladesh.

From October 27-29, more than 40 Bangladesh-based exhibitors, including those from the energy, banking and financial services, food and beverage and other industries, will showcase the goods and services of the companies Americans.

This year’s trade shows are particularly noteworthy as it is the first to be held by the United States in Dhaka since the start of the COVID-19 outbreak.

It also coincides with the 50th anniversary of bilateral relations between the United States and Bangladesh. Bangladesh’s main export market for goods is the United States, and bilateral trade between the two countries reached $10.64 billion in 2021.

The US Embassy will host four informative lectures throughout the show. The U.S. Agency for International Development (USAID) will host a conversation on USAID in Bangladesh: Supporting Economic Growth and Engaging the Private Sector on Thursday, October 27 at 3:00 p.m.

Consular Officers from the U.S. Embassy Dhaka and U.S. Counselors will jointly present on Friday, October 28 at 3:00 p.m. the free educational advisory services offered by the U.S. Embassy through its counseling in the United States throughout Bangladesh, as well as the student visa application process. to study in the United States.

At 4:30 p.m., U.S. Embassy Consular Officers will discuss the U.S. visa application process, including business, investor, and work visas. Representatives of the Embassy will participate in an expert presentation seminar on the effects of intellectual property rights on international trade on Saturday, October 29 at 4:30 p.m.

The United States’ commitment to working in partnership with Bangladesh to support its continued growth and development, economic diversification, and resilience to external shocks and stressors, and support for an economic development strategy that upholds the principles of widely shared prosperity for all is demonstrated by Dhaka’s participation in the annual United States Fair.

The annual trade show, held in close cooperation with the American Chamber of Commerce in Bangladesh, demonstrates the United States’ commitment to strengthening and expanding economic and commercial ties between the United States and Bangladesh while showcasing the products and high-quality, state-of-the-art American services. US companies can offer Bangladeshi consumers. It also highlights the contributions of American business to Bangladesh’s impressive economic growth story. More than 100 American companies will showcase products and services from 48 exhibitors that operate in Bangladesh, including those in the energy, agro-mechanisation, food and beverage and other industries.

Commercial Show takes place at a crucial time for investment and commercial relations between the United States and Bangladesh. The United States is the main export market for Bangladeshi goods. More than doubling from the previous decade, two-way trade between the United States and Bangladesh reached $9 billion in 2019, with $2.3 billion in exports from the United States to Bangladesh.

“We are celebrating today at the trade show because American companies are bringing cutting-edge technology, technology transfer, innovation, the highest quality products, integrity in our business practices, support and the partnership with Bangladeshi businesses and the power of the private sector,” she says. She continued, citing examples of programs supported by corporate social responsibility, that American companies also take their corporate obligations seriously.

This weekend’s show is pushing new trade and investment deals and fostering corporate collaborations. He highlights how crucial it is for the United States and the American private sector to commit to doing business in Bangladesh and bringing ethical standards and community involvement to the table. U.S. Embassy Dhaka’s participation in the annual U.S. Trade Show demonstrates U.S. commitment to assisting Bangladesh’s ongoing economic development as well as a strong partnership to help secure an Indo- Free and Open Pacific while advancing the ideas of free, fair, and reciprocal trade.

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