Dhaka: Executive Chairman of the Bangladesh Investment Development Authority (BIDA), Chowdhury Ashik Mahmud Bin Harun, stated that the new tariffs imposed by United States authorities will not negatively impact Bangladesh. Instead, he believes the additional push will help create a better investment environment.
According to Bangladesh Sangbad Sangstha, Chowdhury Ashik expressed his views during a press briefing at the Foreign Service Academy. He emphasized the potential for significant progress in improving the overall investment climate, despite the new tariffs. He reassured that Bangladesh’s competitor countries face similar challenges and that their strategies would likely align.
The BIDA chief referred to a report from the US Trade Representative (USTR) concerning Bangladesh’s investment landscape. The report suggested basic reforms in areas like customs duty, corruption, and intellectual property protection. Chowdhury Ashik mentioned efforts to implement these reforms, aiming for substantial changes to simplify business operations in Bangladesh.
Highlighting the positive aspect of the US tariffs, he stated that it serves as a favorable indicator for Bangladesh. The intent is to leverage this momentum to foster a more conducive investment atmosphere in the country. He expressed confidence in achieving a better investment climate in the future.
The press briefing, which also focused on the upcoming Bangladesh Investment Summit 2025, was attended by Chief Adviser’s Press Secretary Shafiqul Alam and Deputy Press Secretaries Apurba Jahangir and Abul Kalam Azad Majumder.