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Bangladesh-US economic partnership mechanism to expedite cooperation: Momen

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Foreign Minister AK Abdul Momen has expressed hope that the Bangladesh-US “Economic Partnership Consultation Mechanism” will be an effective platform to facilitate cooperation and people-to-people ties between the two nations.

To further consolidate the economic partnership, the foreign minister said, the two countries established the mechanism’ which held its first meeting virtually in September, 2020 and the second one is scheduled to be held on June 2, 2022.

“We heartily believe that our bilateral relations with the US will flourish in the coming days and will certainly contribute to the socio-economic development of the nation,” Momen said, adding that he is confident that these ties would continue to grow in the next 50 years.

Bangladesh-US economic partnership mechanism to expedite cooperation: Momen

The US-Bangladesh Business Council was launched last year to further strengthen bilateral trade and investment ties.

Foreign Minister AK Abdul Momen has expressed hope that the Bangladesh-US “Economic Partnership Consultation Mechanism” will be an effective platform to facilitate cooperation and people-to-people ties between the two nations.

To further consolidate the economic partnership, the foreign minister said, the two countries established the mechanism’ which held its first meeting virtually in September, 2020 and the second one is scheduled to be held on June 2, 2022.

“We heartily believe that our bilateral relations with the US will flourish in the coming days and will certainly contribute to the socio-economic development of the nation,” Momen said, adding that he is confident that these ties would continue to grow in the next 50 years.

Bangladesh-US economic partnership mechanism to expedite cooperation: Momen

The US-Bangladesh Business Council was launched last year to further strengthen bilateral trade and investment ties.

Over the decades, this relationship has expanded in depth and dimensions, Momen said, adding that the USA is now one of the largest sources of foreign direct investment into Bangladesh.

“However, we would like to see that US investment in Bangladesh diversifies incorporating other sectors like ICT, agro-processing, renewable energy etc,” he said.

Source: United News of Bangladesh