DHAKA, Aug 30, 2023 (BSS) - Commerce Minister Tipu Munshi today said that many new business establishments and companies of USA want to invest in Bangladesh.

The Commerce Minister said this after attending a meeting with the executive business delegates of the US Bangladesh Business Council held at a city hotel today.

He said that some new companies of USA want to invest in Bangladesh while they have highlighted some facilities and disadvantages towards making investment here. "We've told them that the government will extend all necessary cooperation to solve the problems if they invest here in Bangladesh," the Commerce Minister added.

Earlier, in his address at the meeting, the Commerce Minister said it is possible to address the global crisis derived from the pandemic and the onslaught of the Russia-Ukraine war -- through strong public and private partnership.

"Both the public and the private sector will have to work unitedly to address the challenges under the present circumstances," he said urging the private sector of the USA to stand beside the government in this regard.

Tipu mentioned that Bangladesh has been able to attract FDI over the years due to various facilities given by the government. In this regard, the Commerce Minister hoped that the lion share of USA's investments would come to Bangladesh.

He noted that Bangladesh has attained unprecedented developments over the last few years under the farsighted and dynamic leadership of Prime Minister Sheikh Hasina.

Noting that the graduation of Bangladesh from the LDCs in 2026 would be a matter of pride for the nation, Tipu also hoped that the US government and the US private companies would be alongside Bangladesh in this march forward.

Citing that Bangladesh has already transformed into a 'Role Model' of development in the world, he said that Bangladesh has been regarded as the fastest growing nations in the Asia-Pacific region for attaining 7 percent GDP growth rate on average for the last one decade and more.

US Bangladesh Business Council president Atul Kesab, FBCCI president Mahbubul Alam, and American Chamber of Commerce Bangladesh president Syed Ershad Ahmad were present, among others, on the occasion.