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US Tariffs Won't Hurt BD's Investment Climate: BIDA Chief
Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA), stated today that the new tariffs imposed by the United States will not negatively impact Bangladesh. On the contrary, he believes the tariffs will provide an additional push to improve the country's investment environment.
"I don't see any negativity at all. We believe these changes can drive significant progress in our investment climate," he said during a press briefing at the Foreign Service Academy.
He emphasized that Bangladesh's competitors are facing similar challenges. "Our course will likely align with theirs, and I'm not concerned at all," he added.
Chowdhury Ashik also referenced a report by the US Trade Representative (USTR), which recommended reforms in customs duties, combating corruption, and strengthening intellectual property protections in Bangladesh. He confirmed that the government is working to implement these reforms, aiming to improve the ease of doing business in the country.
"We are committed to carrying out reforms that will benefit Bangladesh, and I personally believe that the new US tariff signals a positive future for our investment climate," he said.
The briefing also highlighted various aspects of the upcoming four-day Bangladesh Investment Summit 2025. Attendees included Chief Adviser's Press Secretary Shafiqul Alam and Deputy Press Secretaries Apurba Jahangir and Abul Kalam Azad Majumder.