Commerce Minister, US envoy discuss ways to boost trade, investment

US Ambassador to Bangladesh Brent T. Christensen held a fruitful meeting with Commerce Minister Khandaker Abdul Muktadir on Monday, focusing on increasing US investment in Bangladesh, ensuring transparency in major infrastructure projects and making the trade environment more business-friendly.

The meeting was held at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) office in the capital, said a press release.

The two sides discussed expanding bilateral trade, partnership in the energy sector and recent policy reforms in Bangladesh.

During the meeting, the US Ambassador raised the issue of floating LNG terminal (FSRU) projects and said maintaining a transparent and competitive environment in major infrastructure initiatives would further strengthen confidence among foreign investors.

He said US companies are highly interested in operating in Bangladesh and stressed ensuring fair opportunities for open competition.

In response, Muktadir welcomed US investors and said proposals from US companies would receive the highest priority if they demonstrate their capacity to deliver FSRUs within the shortest possible time.

He said presenting an effective supply plan within a short timeframe would strengthen their position in the bidding process.�"BSS