The U.S. Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service Arun Venkataraman and U.S. Ambassador Peter Haas announced the opening of a new Commercial Service office at the U.S. Embassy.
As the United States and Bangladesh celebrate 50 years of bilateral relations, it is an opportune moment to expand upon the strong foundation of our bilateral and commercial relationship,” said Assistant Secretary Venkataraman. “The new Commercial Service office here in Bangladesh will play an important role in strengthening trade ties between our countries, and how we support U.S. companies doing business in such a dynamic and fast-growing economy. Trade between our two countries accounts for an estimated $10 billion, showcasing the vast existing and potential opportunities in this country.”
The U.S. Department of Commerce will station a senior Foreign Commercial Service officer at the U.S. Embassy in Dhaka to maximize U.S. export opportunities and work collaboratively with Bangladesh to assist U.S. companies considering entry into or expanding their presence in the Bangladeshi market. The office will help facilitate one-on-one business counseling, provide tailored export expertise and information on the Bangladeshi market, and work to connect U.S. businesses with potential Bangladeshi partners through business matchmaking and other services.
The U.S. Foreign Commercial Service is the export promotion arm of the International Trade Administration, a bureau of the U.S. Department of Commerce. The Commercial Service has an extensive global network consisting of 122 offices around the world and in over 100 U.S. cities. The new Commercial Service office will increase the number of international markets to 81. Across Asia, the Commercial Service will have a presence in 19 markets, including Bangladesh.
The International Trade Administration (ITA) at the U.S. Department of Commerce is the premier resource for American companies competing in the global marketplace. ITA has more than 2,200 employees assisting U.S. exporters in more than 100 U.S. cities and 81 markets worldwide.