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Recession unlikely to affect trade ties with US

Says US Embassy official

Star Business Report
The global financial meltdown would not affect bilateral trade relations between the United States and Bangladesh, said deputy chief of political economic affairs of the US Embassy yesterday.
“Despite the tough times we are facing because of the recession, we hope the bilateral trade relations between the two countries would not be affected," said Heather Variava.
“We arc optimistic about overcoming the situation
soon,” she added.
She was speaking at a press conference announcing the upcoming three-day “18th US TYade Show 2009" organised by the American Chamber of Commerce in Bangladesh (AmCham Bangladesh) in Dhaka.
"Bangladesh would be benefited from this fair, as the country would be able to win more business deals from the US now,” said Variava.
“The continued success
of the show over the years and an increasing number of participants indicates that US companies are paying attention to this market," she said.
She said the presiding political stability of the country would encourage US investors to come and invest in Bangladesh.
AmCham Bangladesh and the US Embassy are cosponsoring the three-day fair to exhibit US products and services. It will be held from February 2628 at the Dhaka Sheraton Hotel.
Commerce Minister Muhammad Faruk Khan will inaugurate the show.
Syed Ershad Ahmed,
president of AmCham, said the government should take necessary steps to ensure energy security and make the Chittagong port hassle free, to attract larger investments from the US.
He also stressed on creating a business friendly envi-
ronment that would build trust among foreign investors.
Fifty-six US companies, including Boeing, Coca-Cola, IBM, Microsoft Corporation, Pepsico Inc, Intel Corporation, American Air, and Harvard University, would participate in the show.
The show will be open to public from 10am to 8pm. The entry fee has been fixed
atTk 10 per person. Students in uniforms and carrying identity cards would be exempted from paying the entry fee.
A Gafur, executive director of AmCham Bangladesh, was also present at the conference.