Upgrade factory safety: US official
Bangladesh must improve safety and workplace standards in factories to establish the country as a brand worldwide, US Assistant Secretary of State for Economic and Business Affair Jose Fernandez said yesterday.
Thanks to strong bilateral relations, trade between the US and Bangladesh increased by 11 percent a year over the last three years, which indicates a positive trend in future as well, Fernandez said.
A total of 30 representatives of US companies accompanied Fernandez as he met Commerce Minister GM Quader at the latter’s secretariat office in Dhaka.
“We see investment opportunities in many sectors like energy, information technology and in pharmaceuticals in Bangladesh,” Fernandez said.
Fernandez sees challenges as well — in infrastructure, labor rights, safety standards and working conditions.
The US official declined to take any question on two much-talked-about issues — Trade and Investment Cooperation Framework Agreement and Generalized System of Preferences from the media.
Quader said the delegation mainly explored the business potential in different sectors.