Emergency hurts economy
The state of emergency, now in force in the country, is a hindrance to the economic activities as it discourages foreign investors, according to AmCham president.
“State of emergency is an uncertain situation; no foreign investors will come in such situation with Foreign Direct Investment (FDI),” said Syed Ershad Ahmed, president of American Chamber of Commerce (AmCham) in Bangladesh, at a press conference yesterday.
The press conference was organised ahead of the 3-day US Trade Show, scheduled for February 27-29 at Dhaka Sheraton Hotel.
AmCham president alleged that at present, several government agencies do not respect the laws relating to foreign investment. This ultimately discourages the foreign investors to invest in Bangladesh, he said.
“After the state of emergency, the situation in Chittagong Port has improved significantly. But only this improvement does not help the FDI.”
AmCham and the United States Embassy are cosponsoring the 17th annual US Trade Show to showcase the US products in Bangladesh.
Chief Adviser's Special Assistant for Industries and Civil Aviation and Tourism Mahbub Jamil is expected to inaugurate the show as the chief guest.
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