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Dhaka Tribune

Strengthening ties with the United States

Bangladesh stands at a critical juncture in its economic development

Update : 23 Feb 2024, 03:45 PM

With Bangladesh looking to achieve significant economic milestones over the next two decades, the importance of diplomacy has rightfully been brought up time and time again. Bangladesh will not be able to achieve its goals without strengthening ties with existing partners as well as developing new relationships.

To that end, when it comes to strengthening ties, few nations for any economy are as relevant as the United States, and it is encouraging to see that, after a shaky few months during the election period, the United States and Bangladesh are on track to begin what is being termed a “new chapter” in their bilateral relationship.

Bangladesh’s strategic position, together with its voice on climate change and the development of the Global South contribute to its significance as an economy, and there is hope that this significance and importance will continue to grow with every passing year.

The United States is and will remain the biggest market for Bangladesh, and it is imperative that we leave no stone unturned to ensure that we continue to see growth. Moreover, our investment climate comes under scrutiny repeatedly, and fixing it to ensure that there is more foreign direct investment from the United States is also of paramount importance. 

Bangladesh stands at a critical juncture in its economic development, with the potential to achieve significant growth and transformation over the next two decades. Strengthening ties with the United States ensures increased market access, diversification of exports, and ultimately, higher economic growth for Bangladesh, which will play a pivotal role to our success in reaching our goals. 

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