US EXIM Bank chief sees more opportunity for American investment in Bangladesh

The EXIM Bank has supported US exports to Bangladesh more under the Obama administration than any previous government, the chairman of the official export credit agency says.

Senior Correspondentbdnews24.com
Published : 3 Feb 2016, 06:41 PM
Updated : 3 Feb 2016, 06:41 PM

The amount was over $650 million, Fred Hochberg wrote in an op-ed circulated to media. He sees “more opportunity for investment in the future”.
 
Hochberg, who is heading the export credit in his second term, is visiting Dhaka as part of his international tour in 2016.
 
He said he chose Bangladesh for the visit as the country’s “growing economy and rising consumer demand make it a place where US businesses want to compete”.  
 
“….with a growing middle class, we know that Bangladeshis want to buy American-made planes, train cars, and power plants—and that U.S. businesses want to deliver them,” Hochberg said.
 
“We want U.S. businesses to be competitive in this promising market.”
 
He said the US companies were especially interested in helping Bangladesh to meet its “ambitious” infrastructure investment goals with sustainable “Made-in-the-USA” quality goods and services.
 
He said he would meet economic, government, and business leaders “to assure them that the Export-Import Bank of the United States is here to assist American firms compete for Bangladeshi business”.
 
As Bangladesh looks to invest in major renewable energy projects, the chairman said, “We at EXIM Bank will be there to make U.S. companies competitive in bidding on these projects”.  
 
“We know the competition is tough. 
 
“It is our job to reduce the risks of entering foreign markets so U.S. business can partner with Bangladeshi customers to unleash big opportunities,” Hochberg added.