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BD should sign ‘TICFA with US’
Published : Friday, 15 February 2013
Leaders of American Chamber of Commerce in India (AmCham, India) and Dhaka Chamber of Commerce & Industry (DCCI) seen at the business meeting in the city Thursday. President of AmCham, Bangladesh Aftab-ul Islam attended the meeting as the chief guest, while DCCI President Md Sabur Khan presided. Leader of the AmCham, India delegation Vishal K Wanchoo, DCCI Senior Vice President Nessar Maksud Khan, Vice President Absar Karim Chowdhury, directors Khairul Majid Mahmud, Abul Hossain and Abdus Salam and former President Benajir Ahmed were also present in the meeting.
FE Report
Bangladesh should sign the Trade and Investment Cooperation Framework Agreement (TICFA) with the United States of America for negotiating bilateral issues with the latter effectively, said President of AmCham Bangladesh Aftab ul Islam Thursday in the capital.
"If Bangladesh signs TICFA then it will have a strong platform for the country to negotiate bilateral issues effectively with the US," he said as the chief guest at a business meeting between the Dhaka Chamber of Commerce and Industry (DCCI) and American Chamber of Commerce in India (AmCham, India) at the auditorium of DCCI on the day.
He called upon the foreign investors to invest in Bangladesh considering the investment- friendly environment offered by the government.
"Bangladesh is an ideal destination for foreign investment. None of the businesses left the country after their investment here since they are getting proper return. Many Chinese companies are now relocating their factories in Bangladesh considering price competitiveness of labour costs," he said.
He called upon the foreign entrepreneurs to invest in the sectors such as pharmaceuticals, information technology (IT), healthcare, education, ship breaking and ship building industry.
He said that Bangladesh and India have a lot of potentials and much of them remained unexplored due mainly to the bureaucrats of both the countries.
He said the private sector of the country is moving ahead despite some limitations. He invited entrepreneurs of USA and India to invest in pharmaceutical, IT and infrastructure sector of Bangladesh.
He underscored the need for using coal to overcome energy crisis of the country. He said Bangladesh could be the best destination for industry relocation under China Plus One strategy.
President of DCCI Md Sabur Khan said businessmen are worried over the US decision to halt providing generalised system of preferences (GSP) facilities to Bangladesh.
He urged the USA not to withdraw GSP facilities for Bangladeshi RMG industry.
"This situation would give severe negative signals to overall business activity in the country. Though the country's largest export sector ready made garment (RMG) doesn't enjoy GSP facility from the US, cancellation of a given facility would create a negative impact on the image and confidence of the buyers of Bangladeshi products," he said.
He informed that DCCI is going to establish a 'help desk' where entrepreneurs from abroad can display their catalogues, brochures and products.
He assured implementation of MoUs signed between DCCI and other chambers including AmCham, India. He also called for enhancing regional trade among the South Asian countries.
Vice-President of Growth Initiatives, GE South Asia Vishal K Wanchoo said Bangladesh is a favourable place for doing businesses since the country is providing a tremendous opportunity for doing business.
He said that both countries will equally be benefited if the businessmen of Bangladesh and US maintain continued cooperation on exchanging knowledge and share views in the field of trade and business.
He said that close cooperation between the chambers of the Bangladesh and India could help reduce the existing trade gap between the two countries.
US is the largest export destination of Bangladesh. Bangladesh exported goods mainly ready made clothes to US worth US $ 5100.91 million and imported $ 783.62 million during the fiscal year (FY) 2011-12.
The total import of Bangladesh from India during the fiscal 2011-12 was $ 4,758 million and total export of Bangladesh to India was $ 490 million.
Senior Vice- President of DCCI Nessar Maksud Khan offered vote of thanks. DCCI Vice President Absar Karim Chowdhury, Directors Khairul Majid Mahmud, Abul Hossain, Alhaj Abdus Salam and former President Benajir Ahmed, among others, were present.
Financial Express :: Financial Newspaper of Bangladesh
Published : Friday, 15 February 2013
Leaders of American Chamber of Commerce in India (AmCham, India) and Dhaka Chamber of Commerce & Industry (DCCI) seen at the business meeting in the city Thursday. President of AmCham, Bangladesh Aftab-ul Islam attended the meeting as the chief guest, while DCCI President Md Sabur Khan presided. Leader of the AmCham, India delegation Vishal K Wanchoo, DCCI Senior Vice President Nessar Maksud Khan, Vice President Absar Karim Chowdhury, directors Khairul Majid Mahmud, Abul Hossain and Abdus Salam and former President Benajir Ahmed were also present in the meeting.
FE Report
Bangladesh should sign the Trade and Investment Cooperation Framework Agreement (TICFA) with the United States of America for negotiating bilateral issues with the latter effectively, said President of AmCham Bangladesh Aftab ul Islam Thursday in the capital.
"If Bangladesh signs TICFA then it will have a strong platform for the country to negotiate bilateral issues effectively with the US," he said as the chief guest at a business meeting between the Dhaka Chamber of Commerce and Industry (DCCI) and American Chamber of Commerce in India (AmCham, India) at the auditorium of DCCI on the day.
He called upon the foreign investors to invest in Bangladesh considering the investment- friendly environment offered by the government.
"Bangladesh is an ideal destination for foreign investment. None of the businesses left the country after their investment here since they are getting proper return. Many Chinese companies are now relocating their factories in Bangladesh considering price competitiveness of labour costs," he said.
He called upon the foreign entrepreneurs to invest in the sectors such as pharmaceuticals, information technology (IT), healthcare, education, ship breaking and ship building industry.
He said that Bangladesh and India have a lot of potentials and much of them remained unexplored due mainly to the bureaucrats of both the countries.
He said the private sector of the country is moving ahead despite some limitations. He invited entrepreneurs of USA and India to invest in pharmaceutical, IT and infrastructure sector of Bangladesh.
He underscored the need for using coal to overcome energy crisis of the country. He said Bangladesh could be the best destination for industry relocation under China Plus One strategy.
President of DCCI Md Sabur Khan said businessmen are worried over the US decision to halt providing generalised system of preferences (GSP) facilities to Bangladesh.
He urged the USA not to withdraw GSP facilities for Bangladeshi RMG industry.
"This situation would give severe negative signals to overall business activity in the country. Though the country's largest export sector ready made garment (RMG) doesn't enjoy GSP facility from the US, cancellation of a given facility would create a negative impact on the image and confidence of the buyers of Bangladeshi products," he said.
He informed that DCCI is going to establish a 'help desk' where entrepreneurs from abroad can display their catalogues, brochures and products.
He assured implementation of MoUs signed between DCCI and other chambers including AmCham, India. He also called for enhancing regional trade among the South Asian countries.
Vice-President of Growth Initiatives, GE South Asia Vishal K Wanchoo said Bangladesh is a favourable place for doing businesses since the country is providing a tremendous opportunity for doing business.
He said that both countries will equally be benefited if the businessmen of Bangladesh and US maintain continued cooperation on exchanging knowledge and share views in the field of trade and business.
He said that close cooperation between the chambers of the Bangladesh and India could help reduce the existing trade gap between the two countries.
US is the largest export destination of Bangladesh. Bangladesh exported goods mainly ready made clothes to US worth US $ 5100.91 million and imported $ 783.62 million during the fiscal year (FY) 2011-12.
The total import of Bangladesh from India during the fiscal 2011-12 was $ 4,758 million and total export of Bangladesh to India was $ 490 million.
Senior Vice- President of DCCI Nessar Maksud Khan offered vote of thanks. DCCI Vice President Absar Karim Chowdhury, Directors Khairul Majid Mahmud, Abul Hossain, Alhaj Abdus Salam and former President Benajir Ahmed, among others, were present.
Financial Express :: Financial Newspaper of Bangladesh
