New York

THE RISE OF BENGAL TIGER:
POTENTIALS OF TRADE & INVESTMENT IN BANGLADESH

INVESTOR SUMMIT: BANGLADESH CAPITAL MARKETS

July 26, 2021

Inter Continental New York Barclay
New York

Bangladesh and USA enjoy sound bilateral trade and commerce relationships since long. New York City is one of the largest commercial and business centers in the USA. It is also the dwelling area of a large number of Non-Resident Bangladeshi. The purpose of this roadshow is to showcase the strength and opportunities of business and invest in Bangladesh for the investors abroad and the program aims to conduct a summit in participation with the potential investors of the region. The investor summit will be attended by high-level delegates from Bangladesh and USA, along with business conglomerates and investors. Two sessions will be conducted in New York, the morning session will be attended by the distinguished NRBs residing in the region, while the afternoon session will be focused on the foreign investors. Eminent American economist Lawrence Henry Summers, former Chief Economist of the World Bank, will present the keynote paper in the afternoon session.

Press Release: BSEC Roadshow ‘The Rise of Bengal Tiger: Potentials of Trade & Investment in Bangladesh’ on Investor Summit: Bangladesh Capital Markets at New York

Bangladesh Securities and Exchange Commission organized a day-long ‘Investor Summit: Bangladesh Capital Markets’ at the Intercontinental New York Barclay hotel, New York. It is a part of the ongoing roadshow on Bangladesh Economy and Capital Markets titled ‘The Rise of Bengal Tiger: Potentials of Trade & Investment in Bangladesh’ in the USA. It was the beginning program of the roadshow demonstrating Bangladesh Capital markets and Trade & Investment opportunities globally. After successful completion in Dubai earlier this year, BSEC is conducting the roadshow in the USA now.

There were two different sessions arranged for NRBs and Foreign Investors where Investors and business leaders of both nonresidents Bangladeshi and foreign institutional and individual investors participated in the sessions. A senior team of BSEC led by its Chairman Professor Shibli Rubayat-Ul-Islam and representatives from the concerned ministries and regulatory authorities, dignitaries including the Private Industry and Investment Adviser to the HPM, Senior Secretary of Finance Division, Secretary of Ministry of Commerce, Secretary of Economic Resources Division, Executive Chairman of BIDA and Executive Chairman of BEPZA also participated the summit, along with private sector leaders, NRBs, foreign Investors and Media.

Eminent Economist Mr. Lawrence H. Summers, Professor of Charles W. Eliot University and former Chief Economist of the World Bank delivered the keynote speech. He appreciated the current transparent framework of the Bangladesh financial market and said, “Asian explosion of Britain is now been handed over to Bangladesh”.

Mr. Salman Fazlur Rahman, Private Industry and Investment Adviser to the HPM, said that Bangladesh’s economy is moving ahead as planned. All expatriate businesspersons should invest in Bangladesh. Mr. Rahman said “the government has guaranteed potential investors from the United States that they will receive full cooperation for investments made in Bangladesh”.

Chairman of BSEC, Professor Shibli Rubayat-Ul-Islam said, “Bangladesh is now a region with immense potential for investment. I urge all of you to join us in this development”. He said that in the last 12 years under Prime Minister Sheikh Hasina, Bangladesh has made tremendous progress in everything including economy, trade and commerce.

The government is offering many benefits to foreign investors. Hi-tech parks have seen a 22% tax cut for foreign investors in the last ten years and have also been exempted from 80 per cent VAT utility. There are no equity restrictions for foreign investors. Besides, 50% VAT exemption has been given in the first year. Bangladesh is also giving 10% cashback for export-oriented revenue. According Hong Kong’s Frontier Journal report, Bangladesh has emerged as the best capital market in Asia in the third quarter of this year.

Afternoon Session

  • 02:30 pm to 3:00 pm

    Arrival of guests and registration

  • 03:00 pm to 03:25 pm

    Welcome note by the Chair

  • 03:25 pm to 04:10 pm

    Speeches by dignitaries from different sectors

  • 04:10 pm to 04:40 pm

    Key note Speech by Mr. Lawrence H. Summers, former Secretary of the Treasury, former President of Harvard University, former Chief Economist of the World Bank

  • 04:40 pm to 05:20 pm

    Panel discussion and Q&A

  • 05:20 pm to 05:30 pm

    Concluding remarks and Vote of thanks

  • 05:30 pm

    Networking Session and Refreshment