Objectives
Promote Bangladeshi products and services, facilitate strategic business tie-ups and encourage bilateral trade between Bangladesh and US companies
Create awareness about Bangladesh’s business strengths and opportunities and promote Bangladesh as one of the world’s most smart destinations for trade and investments
Facilitate effective networking, dialogue and partnership opportunities among investors, policymakers and broader groups of stakeholders.
Create awareness about the business and investment opportunities in Bangladesh for Non-Resident Bangladeshis
Build a culture of NRB engagement and contribution towards the development efforts of the nation and reconnect them with their roots
Building the “Smart Bangladesh” brand image by promoting the development & success stories of Bangladesh
Facts and Figures behind the Objectives
25thof September as “Bangladeshi Immigrant Day”: History and Significance
The State of New York in the USA, observes “Bangladeshi Immigrant Day” annually on September 25th since 2019, after Governor Andrew M. Cuomo proclaimed September 25th, 2019, as “Bangladeshi Immigrant Day” in the State of New York to recognize the many contributions of Bangladeshi-Americans. The State Senate adopted the Resolution on February 27th, 2019, responding to a proposal placed by State Senator Toby Ann Stavisky being requested by the Muktadhara Foundation (MF).
The “Bangladeshi Immigrant Day” observes the significance of the speech by the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman, who for the first time in its history gave a speech in Bengali at the General Assembly of the United Nations (UN) on September 25th, 1974. The speech is a historical implication for two reasons. First, it was delivered in Bengali, and second, it ushered in fresh ideas and policies to build a brave new world free of economic inequalities, social injustice, military aggression and threats of nuclear war.
NRBs in the USA: Potential Bangladeshi Diaspora for Trade & Investment in Bangladesh
The USA boasts the second-largest number of Non-resident Bangladeshis, about 0.8 million, and it is also the second-highest remittance sender since last year. The Bangladeshi Diaspora in the USA forms one of the well-educated, accomplished, and affluent communities, able to develop the trajectory of development for Bangladesh by pushing the curve upwards further.
USA-Bangladesh Trade Relations: Strong Bonds Continue to Grow
The USA-Bangladesh Relations has been a part of the country’s progress since its Independence in 1971. The United States is the largest source of foreign direct investment in the Indo-Pacific region, nearing $1 trillion as of 2021, and the largest source in Bangladesh, with over $4.3 billion invested and counting. Bangladesh’s Total Exports to the USA recorded 684.628 USD mn in Nov 2022, compared with 705.010 USD mn in the previous Oct 2022. According to the latest US Department of Commerce’s Office of Textiles and Apparel data released on Tuesday, the US apparel and textile imports from Bangladesh in 2022 grew by 35.38 percent to $10.04 billion compared with that of $7.42 billion in 2021.
Bangladesh, a Land of Limitless Opportunities
Currently the 41st largest economy in the world, Bangladesh is on pace to be the 25th largest economy by 2035. The 7% average GDP growth in the last five years, $2,227 per capita GNI in FY 2020-21, surpasses neighboring nations. Bangladesh has $25 billion in remittances, 6% of GDP and $44 billion in Forex reserve.
Currently, the world’s 7th most populated country, Bangladesh has a domestic market of over 169 million and has strategic hub access to India, China and the ASEAN markets. Youth power is a prime reason for Bangladesh’s success – 70% of its population is aged below 40 years, of which 45% is aged below 24 years. About 2.3 million young professionals enter the workforce every year, fuelling the labor force and supporting industrialization and consumption.
Bangladesh has the most liberal investment regime in the region, characterized by a wide array of facilities, attractive incentive policies and consistent reforms. In 2019, the country became a Top-20 improver of the World Bank’s Doing Business Index. Bangladesh has implemented mega projects to accelerate the growth of industries and to take full advantage of its strategic location.
Global Business Magazine 2018
Global Business Magazine 2019
ific Bangladesh Immigrant day and trade fair magazine 2022
