Exporters urged to enhance contacts for tech transfer
US Trade Show 2007 kicks off
Star Business Report
Technology excellence is essential for competitiveness in the rapidly globalisation of today's world economy, observed the finance and planning adviser addressing the inaugural of a 3-day US trade show in Dhaka yesterday."Enhances contacts with your American counterparts to have up-to-date technology ands skill for your own industrial units", Mirza Azizul Islam, also in charge of the ministries of commerce, posts and telecommunications, urged the Bangladeshi exporters, hoping that the show would make a notable contribution to useful technology transfer through more interaction between the two countries' businesspeople. US Trade Show 2007, a yearly event which was co-sponsored by American Chamber of Commerce (AmCham) Bangladesh and US Embassy in Dhaka, began at Sheraton Hotel with around 58 exhibitors participating in it. The companies from sectors like banking, oil and lubricant, energy and power, machinery, leather, beverage, electronics and cosmetics are taking part in the show, which will remain open for public everyday from 10 am to 8 pm until February 16. Patricia A Butenis in her speech at the inaugural said trade between Bangladesh and US is heavily tilted to Bangladesh as Bangladesh from January to November in 2006 exported products worth US$ 3 billion to the US market, while US exported products worth only $300 million. She hoped that an American market will rise in Bangladesh as a middle class is rising in Bangladesh. Putting emphasis on enhancing bilateral trade relations between Bangladesh and the United States of America, she said American industry belongs excellent operating efficiency, reliability and value. "I am confidant you will find doing business with your Ameriacn counterparts easy and profitable," she added. While briefing journalists, AmCham President Andrew L Fawthrop described the US-Bangla trade ties as excellent, expressing his hope that this trade show would help strengthen the existing economic ties between the two friendly countries. "It will also help improve the balance of trade between Bangladesh and USA," he added. Chief of Economic and Commerce office of the US embassy David Renz, Director of American Centre Jonathon Cebra and the embassy's Economic Affairs Officer Wilber Carter also attended the opening ceremony.
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