Bangladesh, US agree to deepen economic cooperation: Titumir
Bangladesh and the US have agreed to enhance economic cooperation through a structured consultation process while respecting their existing trade agreement, Finance Adviser Rashed Al Titumir said. The discussions emphasized economic diversification, strengthening production capacity, and building technological expertise through joint efforts.
Bangladesh and the US have agreed to deepen economic cooperation. Finance Adviser to the Prime Minister Rashed Al Titumir made the announcement after a meeting with a US delegation led by Assistant Trade Representative Brendan Lynch on May 6. The discussions focused on economic diversification, strengthening production capacity, and building technological expertise. The pharmaceutical industry was identified as a promising sector, with opportunities to leverage American expertise in technology, innovation, agriculture, and education. Labour law reforms and improvements in factory standards were also discussed, with the government asserting that 'visible progress' had been achieved. The two countries will continue discussions on diversifying Bangladesh's export basket and enhancing cooperation in education and healthcare.
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