A Focused Group Discussion was held online about the initiative.
We, in partnership with Policy Exchange of Bangladesh have embarked upon an initiative to identify opportunity to enhance US trade engagement with Bangladesh, as well as strategies and priorities for US and Bangladesh stakeholders to maximize the potential in this regard.
The role of trade in economic growth remains more critical than ever as development plans in Bangladesh strongly hinges its growth prospective on possibility of export diversification. The 8th Five Year Plan has targeted exports to increase from USD 33.6 billion in FY20 to USD 56.3 billion in FY25 and imports to increase from USD 54.7 billion in FY20 to USD 83.8 billion in FY25. Trading with the USA holds strong potential for increment and to meet the economic goals of the country, such as creating employment opportunities, increasing exports, impact on small and medium enterprises, as well as high impact for US firms.
The crucial discussion will help us gain important insights on emerging investment opportunities, strategies and policy measures that both Bangladesh and US governments, the private sector of both countries can pursue to unlock the potential between these two important partners.