US trade envoy meets FBCCI Admin

Business Report :

US Commercial Counselor (Trade) Paul G. Frost met with Md. Hafizur Rahman, Administrator of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), at the FBCCI office in Motijheel on Tuesday.

During the meeting, Hafizur Rahman proposed exploring a trade agreement between Bangladesh and the United States, stressing the need to boost bilateral trade amid growing global competition. The discussion focused on enhancing trade relations, expanding market access, and strengthening cooperation between the two countries.

Hafizur Rahman highlighted the long-standing trade relationship with the U.S., noting that it remains one of the largest markets for Bangladeshi exports, particularly ready-made garments. He cautioned that to fully leverage trade potential and supply chain advantages, timely action on a formal agreement is critical.

Paul G Frost emphasised the importance of stronger business networks and encouraged Bangladeshi entrepreneurs to participate in the upcoming investment summit in the United States. He also highlighted the need to strengthen broader cooperation alongside trade.

Hafizur Rahman expressed appreciation to the U.S. government for reducing reciprocal tariffs on Bangladeshi products.

The meeting was attended by FBCCI Secretary, Md. Alamgir; Head of the International Affairs Wing, Md. Zafar Iqbal NDC; Head of the FBCCI Safety Council, Brig. J. (Retd.) Abu Nayeem Md. Shahidullah and others.