[🇧🇩] The U.S.A.---A Strategic Partner of Bangladesh

[Saif]

মার্কিন ব্যবসায়ীদের বাংলাদেশে আরও বিনিয়োগের আহ্বান প্রধান উপদেষ্টার

‘আপনার দায়িত্ব গ্রহণের পর থেকে আমেরিকান কোম্পানিগুলোর বাংলাদেশে আগ্রহ অনেক বেড়েছে।’

bangla.thedailystar.net

মার্কিন ব্যবসায়ীদের বাংলাদেশে আরও বিনিয়োগের আহ্বান প্রধান উপদেষ্টার
‘আপনার দায়িত্ব গ্রহণের পর থেকে আমেরিকান কোম্পানিগুলোর বাংলাদেশে আগ্রহ অনেক বেড়েছে।’

মার্কিন ব্যবসায়ীদের বাংলাদেশে আরও বিনিয়োগের আহ্বান জানিয়েছেন প্রধান উপদেষ্টা ড. মুহাম্মদ ইউনূস।

তিনি বলেন, অন্তর্বর্তী সরকার বিদেশি বিনিয়োগ আকর্ষণ এবং দেশের ব্যবসায়িক পরিবেশ উন্নয়নে বিভিন্ন পদক্ষেপ নিয়েছে।

ঢাকায় মঙ্গলবার রাষ্ট্রীয় অতিথি ভবন যমুনায় তিনি একটি মার্কিন ব্যবসায়ী প্রতিনিধি দলকে বলেন, 'আপনারা সঠিক সময়ে এ দেশে এসেছেন।'

এক্সিলারেট এনার্জির প্রধান নির্বাহী কর্মকর্তা (সিইও) এবং ইউএস-বাংলাদেশ বিজনেস কাউন্সিলের চেয়ারম্যান স্টিভেন কোবোসের নেতৃত্বে মার্কিন ব্যবসায়ী প্রতিনিধি দল এদিন প্রধান উপদেষ্টার সঙ্গে সাক্ষাৎ করেন।

অন্তর্বর্তী সরকারের নেতৃত্ব গ্রহণ করায় প্রধান উপদেষ্টার প্রশংসা করে স্টিভেন কোবোস বলেন, এটি বাংলাদেশে ব্যবসায় আস্থা বাড়াবে।

তিনি বলেন, 'আপনার দায়িত্ব গ্রহণের পর থেকে আমেরিকান কোম্পানিগুলোর বাংলাদেশে আগ্রহ অনেক বেড়েছে।'

কোবোস আরও জানান, ইউএস-বাংলাদেশ বিজনেস কাউন্সিলের সদস্যসহ শীর্ষস্থানীয় মার্কিন কোম্পানিগুলো দক্ষিণ এশিয়ার এই দেশে ব্যবসার সম্ভাবনা নিয়ে অনেক আগ্রহী।

তার কোম্পানি বাংলাদেশের জ্বালানি খাতে এবং কার্বন নিঃসরণ হ্রাসে আরও বিনিয়োগের পরিকল্পনা করছে, বলেন কোবোস।

তিনি বলেন, কোম্পানিটি দেশে তরলীকৃত প্রাকৃতিক গ্যাস (এলএনজি) সরবরাহ বৃদ্ধি করতে চায়। বর্তমানে এক্সিলারেট বাংলাদেশের দুটি অফশোর ফ্লোটিং স্টোরেজ এবং রিগ্যাসিফিকেশন ইউনিটে (এফএসআরইউ) বিনিয়োগ করেছে, যা প্রতিদিন এক দশমিক এক বিলিয়ন ঘনফুট গ্যাস সরবরাহ করে। দেশের দৈনিক গ্যাস সরবরাহের প্রায় ৩৪ শতাংশ এখান থেকে আসে।

সম্প্রতি মার্কিন যুক্তরাষ্ট্র সফরকালে প্রধান উপদেষ্টা ইউএস-বাংলাদেশ বিজনেস কাউন্সিলের একটি অনুষ্ঠানে বক্তব্য রাখেন। সেখানে এই সংগঠনের ৫০ জন সদস্য উপস্থিত ছিলেন, যার মধ্যে কিছু শীর্ষস্থানীয় আমেরিকান বহুজাতিক কোম্পানিও ছিল। ড. ইউনূস উপস্থিত মার্কিন ব্যবসায়ীদের বাংলাদেশে বিনিয়োগের আমন্ত্রণ জানান।

সাক্ষাৎকালে স্টিভেন কোবোসের সঙ্গে প্রতিনিধি দলে ঢাকায় যুক্তরাষ্ট্রের সাবেক রাষ্ট্রদূত পিটার হাসসহ এক্সিলারেট এনার্জির উচ্চপদস্থ কর্মকর্তারা ছিলেন। পিটার সম্প্রতি এক্সিলারেট এনার্জিতে স্ট্র্যাটেজিক অ্যাডভাইজার হিসেবে যোগ দিয়েছেন। এ ছাড়া, প্রতিনিধি দলে কোম্পানিটির ভাইস প্রেসিডেন্ট ডেরেক ওয়ং ও র‌্যামন ওয়াংডি এবং বাংলাদেশের আবাসিক ব্যবস্থাপক হাবিব ভূঁইয়া উপস্থিত ছিলেন।

সাক্ষাৎকালে প্রধান উপদেষ্টার এসডিজি বিষয়ক মুখ্য সমন্বয়ক লামিয়া মোরশেদ, বাংলাদেশ বিনিয়োগ উন্নয়ন কর্তৃপক্ষের (বিডা) নির্বাহী চেয়ারম্যান আশিক চৌধুরী ও জ্বালানি সচিব সাইফুল ইসলাম উপস্থিত ছিলেন।​

 

[Saif]

Strained relations with US improved a lot: foreign adviser

Bangladesh's strained relations with the United States have been improved under the present interim government, Foreign Affairs Adviser Md Touhid Hossain said yesterday

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Strained relations with US improved a lot: foreign adviser

Photo: BSS

Bangladesh's strained relations with the United States have been improved under the present interim government, Foreign Affairs Adviser Md Touhid Hossain said yesterday.

There were some unnecessary strains with the US during the last government, especially towards the end of its tenure.

However, since the interim government assumed the office, the situation has improved a lot, he told reporters at a briefing at the foreign ministry yesterday afternoon.

The foreign adviser said during the ousted Awami League government's last tenure, tensions between Dhaka and Washington had been heightened unnecessarily.

He focused on Bangladesh's relationship with the US and emphasised on maintaining good relations with all countries.

"Our policy is to foster positive relations with everyone. The previous strain with the US was a deviation from this policy, but now we have been able to correct it," he said.​

 

[Saif]

US reaffirms commitment to women’s economic growth in Bangladesh

The US has reaffirmed its commitment to women's economic empowerment and fostering economic growth that is both gender-inclusive and provides opportunities to religious and other minorities across Bangladesh

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US reaffirms commitment to women’s economic growth in Bangladesh

Star Digital Graphics

The US has reaffirmed its commitment to women's economic empowerment and fostering economic growth that is both gender-inclusive and provides opportunities to religious and other minorities across Bangladesh.

US Embassy Chargé d'Affaires Megan Bouldin made this comment as she presided over an event celebrating 90 aspiring women entrepreneurs on their completion of the Academy for Women Entrepreneurs (AWE) programme in partenership with BRAC University's Center for Entrepreneurship Development in the capital today.

The ceremony celebrated the achievements of 78 exceptional women entrepreneurs from across Bangladesh -- including Sylhet, Cumilla, Barishal, Khagrachari, Jashore, Chattogram, and Dhaka -- who successfully completed the second cohort of the US government-funded AWE Program, says a US embassy statement.

Congratulating the women, Bouldin said, the women were paving the way for future generations of women entrepreneurs and proving that women have a critical role to play in Bangladesh's economic development.

During the ceremony, six top business pitch winners from the latest cohort were awarded for their outstanding business proposals

Chargé d'Affaires Bouldin also announced an additional $30,000 grant to fund a business pitch competition among 140 participants from all AWE cohorts.

"We are thrilled to announce this funding, which will allow women from all cohorts to compete for multiple $5,000 awards to support their entrepreneurial ventures," Bouldin added.

The event featured a mini-fair and exhibition where participants showcased and sold their products, demonstrating the entrepreneurial skills they developed through the programme.​

 

[Saif]

The Gen Z factor in geopolitics and the Bangladesh-US dynamics

Gen Z should keep in mind that the US cannot afford to overlook a partner like Bangladesh given the country’s pivotal position in South Asia’s economic landscape.

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The Gen Z factor in geopolitics and the Bangladesh-US dynamics

VISUAL: SALMAN SAKIB SHAHRYAR

In his victory speech following the US presidential election last month, President-elect Donald Trump began by thanking his supporters and highlighting the unwavering support of his family, especially his youngest son, Barron Trump. Barron, who stood by his father's side during the speech, was acknowledged as a source of strength throughout the campaign, particularly his silent role in shaping the podcast strategy for the Trump campaign during the election. Barron masterminded the well-crafted campaign's digital presence, utilising podcasts as a key platform to engage with tech-savvy voters, with his calm presence offering a softening contrast to the fiery rhetoric of the election. This draws an interesting parallel to developments in Bangladesh, and both offer a glimpse into a future where youth-driven values can guide the direction of politics and trade.

The argument that those belonging to Generation Z, or Gen Z, is too immature to take on higher roles, overtaking more experienced generations, overlooks the fact that maturity and leadership are not solely defined by age or years of experience, but by fresh perspectives and the ability to address current challenges. Rather than criticising Gen Z for stepping into leading roles, it is more productive to guide them through the complexities of the future. By fostering intergenerational collaboration, older generations can equip Gen Z with the tools they need to lead effectively in an ever-evolving global landscape, navigating the nuances of decision-making, diplomacy, and long-term strategy. For instance, Gen Z in Bangladesh must grasp the complexities of global trade, including the influence of major powers like the US, China, Russia and the EU, each with its own economic priorities and strategies.

Gen Z should keep in mind that the US cannot afford to overlook a partner like Bangladesh given the country's pivotal position in South Asia's economic landscape. Bangladesh's geopolitical location along the Bay of Bengal places it at the crossroads of vital maritime routes and in close proximity to other major players, including India and China. Supporting Bangladesh's economic stability aligns with the US Indo-Pacific Strategy, offering a counterbalance to China's Belt and Road Initiative (BRI) and reducing excessive reliance on Beijing in an increasingly contested region. By understanding these complexities, Gen Z leaders can advocate for policies that not only drive growth locally, but also position Bangladesh as a bridge between aforesaid larger powers. Likewise, they must actively participate in international forums, harnessing its geopolitical influence to negotiate better trade terms, attract foreign green investments, and secure support on critical climate issues, especially given Bangladesh's vulnerability.

For the US, missing out on Bangladesh as a partner would mean yielding influence in South Asia to China and Russia, potentially limiting its own access to the rapidly growing South Asian market and diminishing regional strategic foothold. Conversely, by leveraging the Indo-Pacific Strategy and EU Global Gateway together with the potential BRICS and ASEAN alignment, Bangladesh can pursue a more autonomous development path that safeguards its economic interests and strategic flexibility. This multi-aligned approach empowers Bangladesh to tap into a variety of global resources, strengthening its economy while asserting its role as a key player in the geopolitical and economic order of Asia.

Gen Z should recognise that Bangladesh's growing maturity opens new opportunities for deeper US engagement given a renewed Trump presidency. No longer just a partner for development assistance or low-cost manufacturing, Bangladesh is increasingly a sophisticated strategic ally ready to foster a forward-looking relationship based on mutual economic growth and matured strategic alignment. Expanding trade and investment in emerging sectors, supporting the diversification of Bangladesh's economy, and increasing trade preferences could not only secure US interests in Asia, but also ensure that Bangladesh remains resilient in a region of growing strategic significance.

Bangladesh's growing role as a soft power leader within the Muslim world is a significant asset that enhances its strategic appeal to the US, especially amid shifting global alliances. As the world's third largest Muslim-majority country, Bangladesh is well-positioned to influence and engage with other Muslim-majority nations with a rich history of promoting religious tolerance and social stability. This moderate stance of the country offers a model that can resonate in regions susceptible to extremism, making it a potentially valuable partner for the US in promoting win-win stability across the Muslim world. For the US, which has often struggled to engage with Muslim-majority countries in ways that align with both security interests and values, Bangladesh's leadership in the Muslim world offers a resourceful bridge.

A second Trump administration would have an opportunity to engage with Bangladesh as it aims to establish more accountable governance free from the undue influence of neighbouring powers. Bangladesh is currently navigating complex challenges, including political reforms, economic stabilisation, and curbing external pressures. Recent steps taken by the interim government to introduce reforms in various crucial sectors signal a desire for a more transparent and autonomous leadership, making it an ideal time for the US to support Bangladesh's ambitions for a stable and sovereign future. Furthermore, by addressing the root causes of regional crises, such as border tensions, refugee pressures and political interference, Trump could advance a cooperative framework that supports Bangladesh's national sovereignty. Moreover, the Yunus effect for Bangladesh stands as a powerful equation linking the US and Bangladesh through shared values of economic development, entrepreneurship, and social responsibility.

The role of a well-informed Gen Z in shaping Bangladesh-US trade relations through a growing demand for stability, sovereignty, and sustainability will only strengthen them, positioning them as a key catalyst for transformative change in future global trade dynamics.

Dr Iftekhar Ul Karim is assistant professor at BRAC Business School, BRAC University.​

 

[Saif]

US remains top country in credit card spending by Bangladeshis

The USA has been the top country in terms of international spending by Bangladeshi cardholders for the fifth consecutive month until November..The North American country replaced India in July last year when Bangladesh faced deadly student protests over public job quotas, which subsequentl

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US remains top country in credit card spending by Bangladeshis

The USA has been the top country in terms of international spending by Bangladeshi cardholders for the fifth consecutive month until November.

The North American country replaced India in July last year when Bangladesh faced deadly student protests over public job quotas, which subsequently toppled the Sheikh Hasina government in early August.

Since then, it has remained the top country for international spending by Bangladesh's credit cardholders, according to the Bangladesh Bank's (BB) monthly report on domestic and international usage of credit cards.

In November 2024, the USA accounted for 15.87 percent of the total Tk 431 crore spent by holders of Bangladesh's credit cards in foreign countries.

Spending in India, where thousands of Bangladeshi people visit for medical treatment, business, and tourism, was the second-highest in terms of international spending through credit cards in November. In October, spending through credit cards issued by banks in Bangladesh was the second highest in Thailand.

The central bank reported that overall transactions through credit cards in domestic and international markets declined in November compared to the previous month.

Transactions within Bangladesh fell by 2.55 percent to Tk 2,793 crore in November from Tk 2,866 crore in October.

Similarly, transactions outside the country stood at Tk 431 crore in November, down 13.5 percent from the previous month, according to the Bangladesh Bank, which prepared the report using data from 44 banks and one non-banking financial institution.

The data indicates a mixed spending pattern across different sectors.

Domestic spending at department stores fell to Tk 1,333 crore in November from Tk 1,400 crore a month ago. The Bangladesh Bank also noted that cash withdrawals and transportation expenses experienced slight increases.

Internationally, department stores continued to dominate spending, contributing to 29 percent of total transactions abroad.

Based on the data, it can be concluded that Bangladeshi credit cardholders conducted approximately 2.13 times more transactions outside the country compared to foreign nationals within Bangladesh in November 2024, the Bangladesh Bank reported.​

 

[Saif]

American investor Ray Dalio meets Yunus in Davos

American investor Ray Dalio has met Chief Advisor Muhammad Yunus in Switzerland’s Davos. Dalio, the founder of Marino Management and Dalio Family Office, held the meeting on Friday on the sidelines of the World Economic Forum, or WEF, Annual Meeting 2025. Aamer Alireza, chairman of the exec

thefinancialexpress.com.bd

American investor Ray Dalio meets Yunus in Davos
Published :
Jan 24, 2025 22:56
Updated :
Jan 24, 2025 22:56

American investor Ray Dalio has met Chief Advisor Muhammad Yunus in Switzerland’s Davos.

Dalio, the founder of Marino Management and Dalio Family Office, held the meeting on Friday on the sidelines of the World Economic Forum, or WEF, Annual Meeting 2025.

Aamer Alireza, chairman of the executive committee of the Xenel Group (Red Sea Gateway Terminal Company) also met the interim prime minister, according to Chief Advisor’s Deputy Press Secretary Md Abul Kalam Azad Majumdar.

Yunus arrived in Switzerland on Tuesday and is set to attend seven events on Friday, the final day of his visit, reports bdnews24.com.

During his visit, he attended a Bangladesh-focused dialogue and held meetings with business leaders and heads of international organisations.

The chief advisor is expected to return to Bangladesh on Saturday.​

 

[Saif]

Future of US aid in Bangladesh

THE decision by US President Donald Trump to suspend foreign aid for 90 days, announced on the very night of his second term inauguration, has raised concerns across the globe. For countries like Bangladesh, where US assistance is crucial in development efforts, this move warrants careful...

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Future of US aid in Bangladesh
MA Hossain 26 January, 2025, 00:00

New Age

THE decision by US President Donald Trump to suspend foreign aid for 90 days, announced on the very night of his second term inauguration, has raised concerns across the globe. For countries like Bangladesh, where US assistance is crucial in development efforts, this move warrants careful examination. Stakeholders, development partners, and analysts are now assessing the potential implications, not just for Bangladesh, but for global stability and progress.

Since Bangladesh’s independence, the United States has been a critical development partner, contributing to sectors like food security, health, governance, education, and environmental sustainability. According to USAID, Bangladesh hosts one of Asia’s largest US development programmes, highlighting its strategic importance in South Asia. This partnership has not just been about funding but about fostering progress that benefits millions of lives.

In recent years, US aid has played a transformative role in addressing the Rohingya crisis, which has burdened Bangladesh with the care of nearly one million refugees. With over $2.5 billion in humanitarian assistance since 2017, the US has been the largest donor to this cause. This aid has not only supported Rohingya refugees but also benefitted host communities in Cox’s Bazar, a region facing immense socio-economic strain. Without sustained US support, the question looms: how will this crisis — already a monumental task — be managed?

Beyond humanitarian assistance, US aid fuels critical development projects. In 2023 alone, Bangladesh received $490 million from the US, supporting initiatives across various sectors. This aid is indispensable for a country aiming to transition to upper-middle-income status by 2031. The suspension of such aid raises immediate concerns about the fate of ongoing projects and the future of critical programmes. For instance, how will the Rohingya crisis be managed without sustained US support? Who will fill the vacuum if US funding is curtailed?

The executive order directing the suspension of US foreign aid marks a seismic shift in American foreign policy. According to the White House, this reassessment aims to ensure that US foreign aid aligns with national interests, prioritising safety, strength, and prosperity for Americans. Secretary of state Marco Rubio encapsulated this approach by asking, ‘Does it make the US safer? Does it make the US stronger? Does it make the US more prosperous?’ The implication is clear: aid programmes that fail to directly benefit the US could face cuts or termination.

This marks a departure from the traditional view of foreign aid as a tool for global stability, poverty alleviation, and diplomatic goodwill. Instead, it places US interests above multilateral or humanitarian considerations, signalling a retreat from global leadership. While some Americans might see this as a pragmatic move, its long-term ramifications — both for global stability and US strategic interests — are troubling.

The US decision to withdraw from the World Health Organisation adds another layer of uncertainty. The WHO has been a vital partner in combating health challenges in Bangladesh, including the Covid-19 pandemic. Reduced funding for the organisation could weaken its capacity to support developing countries, leaving Bangladesh vulnerable to public health crises. Moreover, the broader implications are equally troubling. US aid has been instrumental in fostering democracy, promoting gender equality, and enhancing climate resilience in Bangladesh. Any disruption to these programmes could derail progress and undermine the country’s development trajectory.

This is not just a Bangladesh issue; it’s a global one. For decades, the United States has been the largest provider of foreign aid, using its resources to address global challenges, from poverty to pandemics. This leadership role has helped maintain a semblance of balance in an increasingly fragmented world. However, the shift in US policy threatens to upend this dynamic. Countries in Africa, Asia, and Latin America that rely heavily on US assistance could face severe setbacks. The potential weakening of multilateral institutions like the WHO could exacerbate global inequalities, leaving vulnerable populations without access to essential services.

Moreover, the US decision could embolden other nations to adopt a similarly insular approach, undermining international cooperation. In an era where global challenges — climate change, pandemics, and migration — require collective action, the withdrawal of US leadership could have dire consequences.

President Trump’s executive order is rooted in the argument that US aid programmes must align with American interests. While this is a legitimate consideration, it’s worth questioning whether such a narrow definition of ‘interest’ serves the US or the world in the long run. Foreign aid is not merely an act of altruism; it’s a strategic investment. By addressing poverty, instability, and crises abroad, the US reduces the risk of conflicts, migration, and security threats that could spill over into its borders. In regions like South Asia, where geopolitical tensions run high, US aid plays a stabilising role, fostering goodwill and strengthening alliances.

For Bangladesh, the US has been more than just a donor — it has been a partner in progress. This partnership is built on shared interests, from economic growth to regional stability. It would be short-sighted to undermine these gains in the name of immediate national benefits. Bangladesh, too, must take this opportunity to reflect. It should engage in diplomatic efforts to emphasise the mutual benefits of continued US aid. Highlighting Bangladesh’s strategic importance as a partner in South Asia could help secure support for critical programs. While the US aid suspension poses significant challenges, it also serves as a wake-up call to diversify its sources of aid and investment. Reliance on a single donor is risky, and strengthening ties with other nations and multilateral organisations could provide a buffer against potential aid cuts. Moreover, Bangladesh must accelerate efforts to achieve self-reliance. By fostering economic growth, improving governance, and investing in human capital, the country can reduce its dependence on foreign aid and chart its own course towards prosperity.

At the same time, the US must recognise that its global leadership role comes with responsibilities. By prioritising short-term gains over long-term stability, it risks losing the trust and goodwill of its partners. In an interconnected world, true strength lies not in isolation, but in collaboration. The withdrawal of US aid, if mishandled, could lead to a domino effect of reduced international cooperation, jeopardising progress made over decades.

In the face of uncertainty, Bangladesh must adopt a proactive approach. Diplomatic efforts should be redoubled to emphasise the mutual benefits of continued U.S. aid. Highlighting Bangladesh’s strategic importance as a partner in South Asia could help secure support for critical programmes. Additionally, policymakers must prioritise resilience and innovation to navigate these uncertain times.

The suspension of US aid forces us to question whether nations can truly afford to prioritise insular interests at the expense of global stability. For Bangladesh, the path ahead is fraught with challenges. But with resilience, strategic diplomacy, and a commitment to self-reliance, it can navigate this uncertain terrain and continue its journey towards a brighter future.

MA Hossain is a political and defence analyst based in Bangladesh.​

 

[Saif]

US global aid cut to affect Bangladeshi projects, Rohingyas exempted

There are now over 100 projects being implemented with USAID funds of over $200 million in the areas of health, agriculture, environment, good governance, democracy promotion, among others

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US global aid cut to affect Bangladeshi projects, Rohingyas exempted

As part of global funding suspension in line with US President Donald Trump's new policy, the US aid agency has directed all the implementing partner in Bangladesh to immediately stop, cease, and suspend any work of the USAID-funded projects.

However, the move excludes aid support for the Rohingya community sheltered in Bangladesh.

"This letter serves as a directive to all USAID/Bangladesh Implementing Partners to immediately stop, cease, and/or suspend any work performed under your respective USAID/Bangladesh contract, task order, grant, cooperative agreement, or other acquisition or assistance instrument," says a letter issued by Richard B Aaron, director for the Office of Acquisition & Assistance of USAID yesterday.

Contacted, the US embassy in Dhaka today said it has no comments, but referred the Trump administration's executive order issued by the White House on January 20.

A diplomatic source has confirmed to The Daily Star of issuing of the letter.

The executive order by the White House has issues a 90-day pause in the US foreign development assistance.

"It is the policy of United States that no further United States foreign assistance shall be disbursed in a manner that is not fully aligned with the foreign policy of the President of the United States,"

There are now over 100 projects being implemented with USAID funds of over $200 million in the areas of health, agriculture, environment, good governance, democracy promotion, among others.

The US government provided Bangladesh about $490 million in 2023 for the development sector. In September last year, the USAID committed to provide $202.25 million in aid as part of the Development Objective Grant Agreement (DOAG).

The letter said the partners shall take all reasonable steps to minimise the incurrence of costs allocable to their awards and not resume work under their awards until notification has been received in writing from the contracting/agreement officer that this award stop work order or suspension has been cancelled.

It also asked the implementing partners to send a certification that they have completely ceased the activities concerned.

The letter also said that the USAID anticipates many questions concerning the notification that it will follow up with further guidance as soon as available.

A diplomatic source said the emergency food and other assistance may not be affected by the US policy.

Meanwhile, Chief Adviser Prof Muhammad Yunus in a statement expressed his gratitude to President Donald Trump for exempting life-saving food and nutrition support for the displaced Rohingya sheltered in Bangladesh from the US aid freeze.

"Officials of the US Embassy in Dhaka visited High Representative Dr Khalilur Rahman this afternoon and informed him about this exemption," said the CA's press wing in a statement.​

 

[Krishna with Flute]

Strategic partner stopped the aid to BD. What is being propagated on forum is exactly opposite of what is happening in reality.

 

[Vsdoc]

@RayKalm @PakistanProud @TheNewb77 @ThunderCat

Why is this forum and moderators like @Bilal9 allowing the disbursement of false propaganda?

 

[Saif]

Strategic partner stopped the aid to BD. What is being propagated on forum is exactly opposite of what is happening in reality.

You did not read the news carefully. Trump has stopped financial aid to all poor countries in the world for 3 months. The aid suspension is not Bangladesh specific.

 

[Saif]

Top US businessman wants to invest in Bangladesh

Top US businessman Gentry Beach expressed his interest to invest in Bangladesh during a meeting with Chief Adviser Professor Muhammad Yunus yesterday in Dhaka.

www.thedailystar.net

Top US businessman wants to invest in Bangladesh

Gentry Beach

Top US businessman Gentry Beach expressed his interest to invest in Bangladesh during a meeting with Chief Adviser Professor Muhammad Yunus yesterday in Dhaka.

Beach, chief executive and founder of Highground Holdings, said his company had already acquired multiple assets in Bangladesh and would like to invest more in the country's energy, finance and other sectors, according to a statement.

"You have done a great job," he told the chief adviser, adding that the law and order situation had improved and stability had returned.

Beach, who headed a delegation of US billionaire investors, has close business ties with Trump family.

He came to Dhaka from Pakistan by chartered plane yesterday for a brief visit, and also met with political leaders and top government officials.

"It is time for more investment to come to this country. We are excited to be here," Beach, who is also chairman of Paramount USA, told Professor Yunus.

He said his company was also interested in investing in real estate, especially in low-cost social housing, aerospace and defence.

Professor Yunus welcomed Beach for making investments at "a critical time" for the country.

He said that the interim government was carrying out reforms to attract more foreign direct investment in Bangladesh.

"The country is ready for business. The business conditions are now right. We are beginning a new chapter in our history," the chief adviser said.

Professor Yunus said Bangladesh needed more US investment in many sectors, including gas exploration in onshore and offshore fields.

Beach, whose company has invested in Africa and plans to invest in Pakistan, said more American investment would mean a rise in labour wages.

"We will make Bangladesh great again," he said.

Special Envoy to the Chief Adviser Lutfey Siddiqi, Bangladesh Investment Development Authority (Bida) Chairman Ashik Chowdhury and Senior Secretary to SDG Affairs Lamiya Morshed were also present.

Earlier, in a meeting with political leaders, an adviser to the interim government, and senior Bida officials at the InterContinental Dhaka yesterday, Beach expressed interest in investing in mineral and gas exploration in Bangladesh.

The visit of the delegation of US billionaire investors aims to assess investment opportunities and available facilities in the country, said Syeed Abdullah Muhammad Taher, Nayeb-e-Ameer (vice-president) of Bangladesh Jamaat-e-Islami, at a media briefing after the meeting.

"At the meeting, we highlighted the current political situation, stability, investment opportunities, and avenues for cooperation. We have encouraged them to invest in Bangladesh," he said.

BNP Secretary General Mirza Fakhrul Islam Alamgir was expected to attend the meeting but did not, Taher said.

Responding to a question, the Jamaat leader said that his party does not believe US-Bangladesh relations have worsened following Donald Trump's victory in the US presidential election.

"Although there were concerns that Bangladesh's relationship with the USA might deteriorate, that has not happened," he said.

He emphasised that global policies, politics and business interests do not depend on a single individual and vary from one person to another.

"These matters are driven by international policies. I believe there will be no negative impact. In fact, I think the relationship will improve," he said.

Taher also said that Beach has close ties to the Trump family. "He is a business partner of the Trump family and collaborates with Trump's son. They have business interests in minerals and operate in 44 countries," he said.

Earlier this week, Beach also pledged billions of US dollars in investment in Pakistan during his visit to the South Asian country. However, Beach and Mahfuj Alam, an adviser to the interim government, who attended the meeting, declined to comment afterwards.

An official of the US embassy in Dhaka said Beach came as a private person and his visit was not connected with the US government.​

 

[Bilal9]

The Hindutva folks here should stop getting excited.

USAID foreign assistance to India was also frozen.

ALL USAID assistance disbursed overseas was frozen, not just Bangladesh

And then, today (due to legal challenges) The White House has rescinded the freezing of Federal Aid including that to USAID.

 

[Bilal9]

Beach, whose company has invested in Africa and plans to invest in Pakistan, said more American investment would mean a rise in labour wages.

"We will make Bangladesh great again," he said.

Wow! A bit unreal.

He didn't make a trip to New Delhi....why?

 

[Saif]

Wow! A bit unreal.

He didn't make a trip to New Delhi....why?

May be Trump forbade him to visit India at this time.

 

[Saif]

US TARIFF ON CANADA, MEXICO, CHINA: A window of opportunity for Bangladesh

THE United States has implemented a series of executive order tariffs, effective from February 4, on key trading partners, including Canada, Mexico and China, as part of its broader trade policy agenda. Additional 25 per cent tariffs on Canadian and Mexican imports, whereas 10 per cent tariffs...

www.newagebd.net

US TARIFF ON CANADA, MEXICO, CHINA: A window of opportunity for Bangladesh
Imran Hossain 11 February, 2025, 00:00

New Age

THE United States has implemented a series of executive order tariffs, effective from February 4, on key trading partners, including Canada, Mexico and China, as part of its broader trade policy agenda. Additional 25 per cent tariffs on Canadian and Mexican imports, whereas 10 per cent tariffs on Chinese goods are also imposed by US president Donald Trump. The orders are considered as bold steps to hold China, Canada and Mexico accountable for their pledges to curb illegal immigration and the flow of poisonous fentanyl and other drugs into the United States. These tariffs, aimed at protecting domestic industries and addressing trade imbalances, have had far-reaching consequences for global trade dynamics. One unintended beneficiary of these policies has been Bangladesh, which has seen an opportunity to enhance its export competitiveness in the global market. This article explores how US tariffs on Canada, Mexico and China have created a favourable environment for Bangladesh to expand its export footprint, particularly in the apparel and textile sectors, as well as leather and agricultural products.

US tariffs on Canada and Mexico

THE US imposition of tariffs on Canadian and Mexican goods, particularly vehicle parts, fruits, vegetables, spirits, beer, lumber, grains, potatoes, steel and aluminium, under Section 232 of the Trade Expansion Act of 1962, initially strained trade relations within North America. While the US-Mexico-Canada Agreement eventually replaced NAFTA and eased some tensions, the tariffs created uncertainty in the short term. This uncertainty prompted US importers to diversify their supply chains and reduce reliance on Canadian and Mexican manufacturers for certain goods.

For Bangladesh, this shift presented an opportunity. As a low-cost manufacturing hub with a strong focus on ready-made garments, Bangladesh was well-positioned to fill the gap. The country’s competitive labour costs, coupled with its duty-free access to the US market under the Generalised System of Preferences for certain products, made it an attractive alternative for US buyers. Additionally, Bangladesh’s growing expertise in non-traditional sectors like leather goods and footwear further enhanced its appeal as a sourcing destination.

US-China trade war

THE US-China trade war, marked by successive rounds of tariffs on billions of dollars’ worth of goods, has been the most significant driver of shifting global trade patterns. The US imposed an additional 10 per cent tariff on a wide range of Chinese products, including textiles, electronics and machinery, to curb China’s dominance in global trade and address intellectual property like Deepseek concerns. These tariffs disrupted established supply chains, forcing US companies to seek alternative sourcing destinations.

Bangladesh emerged as a key beneficiary of this realignment. As Chinese exports to the US become more expensive due to tariffs, global buyers will begin to shift their orders to other low-cost countries. Bangladesh, with its well-established RMG sector, is a natural choice. The country’s apparel exports to the US surged, as it offered competitive pricing and compliance with international labour and environmental standards. Moreover, Bangladesh’s focus on sustainable manufacturing practices resonated with US buyers seeking ethically produced goods.

According to a report on the Asian Development Bank, 2021, the trade war also accelerated the relocation of Chinese manufacturing units to Bangladesh. Facing rising production costs and tariffs, many Chinese investors turned to Bangladesh to take advantage of its low wages and preferential trade agreements. This influx of foreign investment has not only boosted Bangladesh’s export capacity but also facilitated technology transfer and skill development, further enhancing its competitiveness.

Prospects for Bangladesh

WHILE US tariffs on Canada, Mexico and China have created opportunities for Bangladesh, the country must address several challenges to fully capitalise on these developments. Infrastructure bottlenecks, such as port congestion and inadequate transportation networks, remain significant hurdles. Additionally, Bangladesh must improve its ease of doing business rankings to attract more foreign investment and diversify its export basket beyond RMG.

To sustain its export growth, Bangladesh should focus on innovation, value addition and compliance with international standards. Investing in technology and automation will be crucial to maintaining cost competitiveness as wages rise. Besides, the interim government needs to find long-term solutions for electricity shortages and banking sector concerns by forming the Export Development Fund to ensure sustainability in the export industry. Furthermore, the government should negotiate free trade agreements with key markets, including the US, to secure long-term trade benefits.

The US tariffs on Canada, Mexico and China have reshaped global trade dynamics, creating a window of opportunity for Bangladesh to enhance its export competitiveness. By leveraging its cost advantages, expanding its manufacturing capabilities and addressing structural challenges, Bangladesh can solidify its position as a preferred sourcing destination for global buyers. As the global economy continues to evolve, Bangladesh must adopt a proactive approach to trade policy and industrial development to ensure sustained growth and prosperity. In the end, we can expect that the impact of US tariffs has inadvertently boosted Bangladesh’s export competitiveness, underscoring the country’s potential as a strategic partner for global brands navigating an evolving trade landscape.

Imran Hossain is a lecturer in business administration at the Rabindra Maitree University, Kushtia.​

 

[Saif]

Bangladesh to import more US cotton to ward off Trump tariff

Bangladesh looks to import more cotton from the US so that both American suppliers and local businesses can benefit and the country can get immunity from Trump’s tariff war, Foreign Adviser Md Touhid Hossain said yesterday.

www.thedailystar.net

Bangladesh to import more US cotton to ward off Trump tariff

File photoi: BSS

Bangladesh looks to import more cotton from the US so that both American suppliers and local businesses can benefit and the country can get immunity from Trump's tariff war, Foreign Adviser Md Touhid Hossain said yesterday.

The Trump administration has been imposing high tariffs on different countries, but Bangladeshi goods have not been targeted by such measures so far.

If Bangladesh imports more cotton from the US, the American government will hesitate to impose tariffs on goods made in Bangladesh, which has been performing well in the US markets despite facing high duties of 15.62 percent, according to Hossain.

The adviser made these comments at a workshop on the importance and potential of cotton cultivation in Bangladesh to save foreign currency.

The session was jointly organised by the Economic Reporters' Forum (ERF), the Bangladesh Cotton Ginners Association, and Bangladesh Sudan Ginning Cotton Co Ltd (Sudan) at the ERF auditorium in Dhaka.

Hossain added that the government would offer bonded warehouse facilities to cotton ginners so they can receive fair prices. This will be part of a greater process to ensure the adequate and timely supply of cotton.

Bonded warehouse facilities would allow ginners -- which are individuals or entities that operate a cotton gin, a machine that separates cotton fibres from their seeds and other impurities -- to supply cotton to spinners for at least 10 fewer cents per pound, which will ultimately benefit the industries.

He revealed that Bangladesh sometimes imports lower-grade cotton at higher prices due to a lack of bonded warehouse facilities.

Hossain also stated that the government would consider classifying cotton as an agricultural product so that growers can benefit from subsidies are encouraged to cultivate more.

"If cotton is recognised as an agricultural product, farmers can be given subsidies to encourage cultivation. They can also avail bank loans."

He said he would urge the government to extend policy support for the cotton cultivators since both the production and import of cotton are important for the textile and garment sectors.

Moreover, Hossain said he wanted to increase cotton production so that it could meet 20 percent of Bangladesh's annual requirement of roughly 90 lakh bales. At present, domestically grown cotton meets only 2 percent of the domestic demand.

Additionally, the adviser assured he would try to remove the 4 percent advanced income tax on cotton ginning.

Land that is being used for tobacco cultivation should be repurposed for cotton cultivation, the adviser said, adding that he did not oppose tobacco cultivation.

He assured that he would raise a proposal which would allow cotton ginners to seek soft loans like the tannery and rawhide sectors to the advisory council soon.

Hossain further said he was not in favour of deferring Bangladesh's status graduation from the group of least developed countries (LDCs).

Since the EU and a few other countries will continue LDC trade benefits for Bangladesh up to 2029, he reasoned that it is a good time to prepare for graduation.

Preparation is very important as the EU has already given a list of actions to qualify for obtaining GSP Plus facilities in EU markets.

"Many taxable people are not paying taxes, so Bangladesh's current tax to gross domestic product ratio stands at around 8 percent, which is even lower than Nepal's. It is shameful," he said.

Bangladesh must increase the tax-GDP ratio to ensure social benefits, he added.

Md Fakhre Alam Ibne Tabib, executive director of the Cotton Development Board, said it is possible to produce 20 to 25 lakh tonnes of cotton in the country if proper policy support is given.

Golam Sarwar, general secretary of the Bangladesh Cotton Ginners Association, said cotton is a subsidised product worldwide, but not in Bangladesh.

Abul Khayer, a Bangladeshi cotton grower in Sudan, said he produces cotton on 32,000 acres of land. He urged Bangladeshis to go to Sudan and cultivate cotton.

Moazzem Hossain, member of the National Board of Revenue, said ginners can be incentivised as they are supplying to the local industrial sector.

ERF President Doulot Akter Mala and General Secretary Abul Kashem also spoke.​

 

[Saif]

Trump’s 2 deputy assistant secretaries to arrive Wed; democratic transition, tariffs, Myanmar issues to dominate meeting

This will be the first delegation from the US President Trump administration to visit Bangladesh.

en.prothomalo.com

Trump’s 2 deputy assistant secretaries to arrive Wed; democratic transition, tariffs, Myanmar issues to dominate meeting
Diplomatic CorrespondentDhaka
Published: 14 Apr 2025, 22: 29

Nicole Ann Chulick, deputy assistant secretary in the Bureau of South and Central Asian Affairs (SCA) of US Department of State, and Andrew R Herrup, deputy assistant secretary in the Bureau of East Asian and Pacific Affairs. US Department of State

Nicole Ann Chulick, deputy assistant secretary in the Bureau of South and Central Asian Affairs (SCA) of US Department of State, and Andrew R Herrup, deputy assistant secretary in the Bureau of East Asian and Pacific Affairs, will arrive in Dhaka early Wednesday on a three-day visit.

This will be the first delegation from the US President Trump administration to visit Bangladesh.

Various issues related to the Dhaka-Washington relations including reforms and democratic transition in Bangladesh, reciprocal tariffs imposed by Donald Trump, US assistance in Rohingya crisis and situation in Myanmar will be discussed during their visit.

According to officials from the foreign ministry and Bangladesh’s mission in Washington, Nicole Chulick will arrive in Dhaka first on Wednesday and Andrew Herrup will arrive later. Susan Stevenson, US chargé d’affaires in Myanmar, is likely to join Andrew Herrup.

According to diplomatic sources, the two deputy assistant secretaries will meet the US embassy officials in Dhaka on the first day to discuss current political situation in Bangladesh.

They will then hold separate meetings with leaders of various political parties, including the BNP and Jamaat-e-Islami, as well as representatives of civil society. The US officials will meet with foreign adviser Md Touhid Hossain, National security adviser Khalilur Rahman and other senior government representatives on Thursday.

Regarding this, , foreign adviser Md Touhid Hossain told Prothom Alo this would be the first high-level visit from the US since Donald Trump took office as president. As a result, various issues of the bilateral relations will be discussed. Relevantly, the issue of reciprocal tariffs imposed by Donald Trump might arise during discussions, he added.

Diplomatic sources said Nicole Chulick will focus on discussions with high-level interim government representatives on reform processes, especially on the US assistance to Bangladesh in its democratic transition. She might exchange views with leaders of various political parties including BNP and Jamaat-e-Islami, as well as representatives of civil society.

On the other hand, Andrew Herrup’s visit will emphasise the Myanmar and Rohingya situations. The Myanmar junta has no control over the country except for a few areas. Myanmar has become a hub for drug trafficking, illegal arms trade, abductions of foreign nationals, and human trafficking, including women and children, along with the persisting Rohingya issue.​

 

[Saif]

2 US officials in Dhaka to discuss trade, tariff, Rohingya, politics

Two United States high officials, deputy assistant secretary at the Bureau of South and Central Asian Affairs Nicole Ann Chulick arrived at Dhaka on Tuesday, and deputy assistant secretary at the Bureau of East Asian and Pacific Affairs...

www.newagebd.net

2 US officials in Dhaka to discuss trade, tariff, Rohingya, politics
Staff Correspondent 15 April, 2025, 21:52

From left, Andrew R Herrup and Nicole Ann Chulick. | BSS photo

Two United States high officials, deputy assistant secretary at the Bureau of South and Central Asian Affairs Nicole Ann Chulick arrived at Dhaka on Tuesday, and deputy assistant secretary at the Bureau of East Asian and Pacific Affairs Andrew R Herrup is due in city today on official visits to discuss trade, reciprocal tariffs, Rohingya and other issues of bilateral interest.

The US delegation, led by Nicole Ann Chulick who met her US colleagues on her arrival, would begin its official engagements today, officials in Dhaka confirmed.

These are the first delegations from the administration of the newly elected US president, Donald Trump, to visit Bangladesh.

Foreign affairs adviser Md Touhid Hossain in the past week said that they would discuss all aspects of relations with the US delegations.

The delegations are likely to hold separate meetings with political parties, including the Bangladesh Nationalist Party and Jamaat-e-Islami Bangladesh, besides government officials and civil society members over Bangladesh’s democratic transition, reform initiatives of the interim government led by chief adviser Professor Muhammad Yunus, and bilateral trade, among other issues, according to officials concerned.

The previous Biden administration extended support for reforms and democratic transition in Bangladesh.

The delegation led by Andrew Herrup during its visit would focus on the Rohingya crisis and Myanmar situation as Bangladesh has been pressing for the return of more than 1.2 million Myanmar nationals of Rohingya community who fled to Bangladesh, facing brutal atrocities by the Myanmar military since 2017.

Susan Stevenson, US chargé d’affaires in Myanmar, is likely to join Andrew Herrup during his visit to Bangladesh beginning today.

The US deputy assistant secretaries are scheduled to depart Dhaka by April 18.

Bangladesh, which had appealed for a pause in the reciprocal tariffs slapped recently by the Trump administration, has already welcomed the US decision for a 90-day suspension of the reciprocal tariffs for most countries.

On April 9, the US president Donald Trump declared a complete halt on all ‘reciprocal’ tariffs, taking immediate effect, with the exception of those imposed on China, Canada and Mexico.

In a post on his Truth Social account, Trump stated that he had ‘authorised a 90-day pause, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.’

Chief adviser Professor Muhammad Yunus on April 7 sent a letter to US president Donald Trump, requesting a three-month postponement of the proposed reciprocal tariff measures on Bangladeshi exports to the US, single largest destination of Bangladesh’s readymade garment exports.

The move came after Trump announced steep 37 per cent tariff on April 2, triggering an alarm in Dhaka over its potential impact on export earnings and jobs in key sectors such as garments and textiles.​

 

[Saif]

US delegation meets Chief Adviser, discusses reform, Rohingya, trade

A visiting US delegation called on Chief Adviser (CA) Professor Dr Muhammad Yunus on Thursday and expressed support for the reform agenda of the Interim Government. They also discussed regional issues of peace, security, and development, said a spokesman of the CA Office. The delegation included D

thefinancialexpress.com.bd

US delegation meets Chief Adviser, discusses reform, Rohingya, trade
FE Online Report
Published :
Apr 17, 2025 20:29
Updated :
Apr 17, 2025 20:29

A visiting US delegation called on Chief Adviser (CA) Professor Dr Muhammad Yunus on Thursday and expressed support for the reform agenda of the Interim Government. They also discussed regional issues of peace, security, and development, said a spokesman of the CA Office.

The delegation included Deputy Assistant Secretaries of State Nicole A Chulick and Andrew Herrup.

Bangladesh’s National Security Adviser, Dr Khalilur Rahman, and the head of US mission in Dhaka, Tracey Ann Jacobson, were present at the meeting.

The US officials expressed deep appreciation for Bangladesh’s generosity in hosting 1.2 million Rohingyas and thanked the Chief Adviser for his leadership in making progress on the issue.

Dr Yunus termed the recent identification by the Myanmar government of 180,000 Rohingyas as fit for return to Rakhine as an important progress.

"We appreciate your vision of looking at the Rohingya issue not in isolation but in the context of Myanmar as a whole," said Chulick.

The US officials also appreciated the Chief Adviser’s approach to enhancing regional cooperation, connectivity, and people-to-people contacts.

The Chief Adviser underlined the excellent bilateral relations between the two countries and reaffirmed the interim government’s commitment to working closely with the Trump administration on the entire range of bilateral relations. He thanked US President Donald J Trump for resuming aid for the Rohingyas and for the 90-day pause in the application of reciprocal tariffs. "We are continuing our work to support his trade agenda," he said.

Meanwhile, in his meeting with the visiting US delegation, National Security Advisor Dr Khalilur Rahman discussed major regional issues of peace and security and key aspects of bilateral relations between Bangladesh and the US.

They also discussed the Rohingya crisis and the situation in Myanmar at length.

The US delegation expressed appreciation for Bangladesh’s approach to addressing the issue.​