US Ambassador to Bangladesh Brent T Christensen on Saturday urged Bangladesh to undertake bold economic reforms to unlock greater American investment, calling for a new era of bilateral relations built on reciprocal trade, private sector-led growth and long-term commercial partnership.
"The United States is moving beyond a traditional aid-based relationship and is seeking a 'genuine partnership' founded on fair and balanced trade, investment and shared prosperity," he said.
The US envoy made the remarks while speaking at a reception marking the 250th anniversary of the United States, organized by the American Chamber of Commerce (AmCham) Bangladesh in association with the US Embassy in Dhaka at a hotel in the city.
"The America First agenda does not mean America alone," Christensen said, adding that the United States wants to work with trusted partners whose economic interests align with its own to create mutual opportunities for growth.
He said the proposed US-Bangladesh Agreement on Reciprocal Trade (ART) would provide a framework for expanding bilateral trade and investment, fostering innovation, creating quality jobs and strengthening long-term business cooperation between the two countries.
Describing Bangladesh as one of the region's most promising emerging economies, the ambassador said the country's young workforce, resilient private sector and strategic location make it an attractive destination for American investors.
However, he stressed that Bangladesh must accelerate reforms by reducing bureaucratic complexities, tackling corruption and ensuring a level playing field through greater market competition.
"These reforms will help create an environment where entrepreneurs can thrive and international investors can invest with greater confidence," he said.
Christensen identified energy, digital technology, healthcare, advanced manufacturing, defense and security as key sectors with significant potential for expanded bilateral cooperation.
Referring to the recently signed Memorandum of Understanding (MoU) on energy, he said the agreement reflects growing momentum in Bangladesh-US economic relations and opens new avenues for investment and strategic collaboration.
The ambassador also praised AmCham Bangladesh for serving as a vital bridge between American businesses and Bangladesh's private sector, highlighting the chamber's constructive engagement with the government on policy reforms, particularly in the energy sector.
Concluding his remarks, Christensen said the values of freedom, enterprise and self-determination that inspired the founding of the United States continue to guide its international partnerships, expressing optimism that Bangladesh and the United States would build a stronger, more dynamic and mutually beneficial relationship in the years ahead.
The reception was attended by senior government officials, diplomats, business leaders and representatives of leading local and multinational companies.