US wants more business-friendly environment

Washington wants to see a more business-friendly environment in Bangladesh through establishment of a smooth dispute resolution system.

US ambassador Marcia Stephens Bloom Bernicat has also stressed the need for protecting intellectual property rights for the safety of business operations including Marcia_Bernicatuse of technology, reports Bangla daily Prothom Alo.

“Clear pathways to dispute resolution making bureaucratic interaction more user-friendly are essential to boosting the appeal of Bangladesh’s commercial environment,” she told a business gathering in Dhaka on Wednesday.

The ambassador in her speech on “Strengthening the Bangladesh-US Bilateral Economic Relationship” said Bangladesh will play an important role in boosting regional inter-connectivity in the 21st century as “it forges productive ties with its neighbours”.

Emphasising the importance to promoting a positive Bangladesh, the diplomat said, “We also need to spread the word that Bangladesh is a partner with skilled manufacturing capabilities that is interested in further developing its technical base.”

She pointed out that ideally South Asia’s regional interconnectivity would have to grow with its economies. But, she regretted, the region has lagged. “To maintain economic prospects going forward, the countries in this is region will ideally prioritise the flowering of trade and transportation linkages among them,” she said.

Bernicat said business partnerships between Americans and Bangladeshis are about more than just the exchange of goods and services.

“They reflect the exchange of ideas, of philosophies, of new technologies and systems. Our countries have much to gain from increased trade and investment across a wide range of sectors,” she said.

American Chamber of Commerce in Bangladesh (AmCham) organised the event which was chaired by AmCham president Aftab ul Islam. Business leaders, civil society members, representatives of multilateral institutions and diplomats were present there.