2nd US-Bangladesh high level economic consultation held with mutual hope

2^nd High Level Economic Consultation (HLEC) between Bangladesh and the United States was held on Thursday at the US Department of State in Washington D.C. Salman F. Rahman, MP, Adviser to the Prime Minister for Private Industry and Investment and Jose W. Fernandez, US State Department Under Secretary for Economic Growth, Energy, and the Environment co-chaired the day-long meeting.

Bangladesh delegation included Md. Shahriar Alam, MP, State Minister for Foreign Affairs; Dr. Ahmad Kaikaus, Principal Secretary to Prime Minister; Shafiul Islam Mohiuddin, MP; Begum Shamsun Nahar, MP; M Shahidul Islam, Bangladesh Ambassador to the United States and other senior officials of the government.

Deputy Assistant Secretary for South and Central Asia Ambassador Kelly Keiderling, Assistant US Trade Representative Christopher Wilson, Deputy Under Secretary for International Affairs, Department of Labour Ms. Thea Lee and other senior officials of the relevant US departments were present at the meeting.

Adviser Salman F. Rahman underscored business to business and people to people contacts as the key elements for enhanced economic cooperation between the two countries. Adviser Rahman urged the US government for preferential market access of Bangladeshi products to the US market, enhanced US investment in manufacturing, technology transfer and International Development Finance Corporation (DFC) funding for infrastructural development. He reiterated Prime Minister Sheikh Hasina’s earlier offer of dedicated Economic Zonefor the US investors. The Adviser also encouraged the US IT companies to invest in the Hi-Tech Parks taking advantage of the large pool of freelancers in Bangladesh.

State Minister for Foreign Affairs Md. Shahriar Alam MP stated that continuity of coherent policies under the visionary leadership of the Prime Minister Sheikh Hasina was the key to Bangladesh’s tremendous socio-economic progress during past 13 years.

Under Secretary Jose W. Fernandez applauded Bangladesh’s remarkable economic growth and tremendous success in COVID-19 vaccination. Recognizing the progress made in Bangladesh’s labour sector, Under Secretary Fernandez proposed for a regular consultation mechanism to remain engaged on the labour issues.

In the 2^nd session on the Labour issues, ILO Country Director in Bangladesh Tuomo Poutiainen made an independent presentation on the progress Bangladesh made in the labour sector. Worker’s rights Coordinator of the AFL-CIO Laura Gutierrez, Solidarity Center Executive Director Shawna Bader-Blau and Bangladesh labour representative Kazi Rahima Akter attended this session.

Both sides discussed a range of other issues including cooperation on climate change, renewable energy, maritime and blue economy, COVID-19, tourism & hospitality, and civil aviation. Bangladesh side mentioned that the resumption of Dhaka-New York direct Biman flight is a priority for the government and drew US attention for expeditious action on the matter. They agreed to work in close cooperation to resume the flight as early as possible.

Both sides agreed on the importance of enhanced people to people contacts in strengthening bilateral relations. In this regard, State Minister Alam drew the attention of the US side to expedite visa processing for the students and the businessmen from Bangladesh.

Both the sides agreed to hold the 3^rd round of the consultation in 2023 in Dhaka at a mutually convenient time. A Joint Statement was issued at the end of the meeting, a copy of the same is attached.

Source: Press release