The 25th "US Trade Show 2018" kicks off at Pan Pacific Sonargaon Hotel in Dhaka today.
Commerce Minister Tofail Ahmed will inaugurate the 3-day fair jointly organized by the American Chamber of Commerce in Bangladesh (AmCham) and the United States Embassy in Dhaka.
Speaking at a press conference here today, US ambassador in Dhaka Mercia S Bernicat highly appreciated Bangladesh's economic development, saying that the development Bangladesh has made over the last few years is very excellent.
The fair has been organized to give Bangladesh businesspeople and consumers an idea about US goods and services.
A total of 150 companies, including UBER and Burger King, will display their services and products in 72 booths in the fair, said Shadab Ahmed Khan, acting president of AmCham.
Four trade and investment related seminars will be held to promote bilateral relations between the two countries.
The fail will remain open for visitors from 10am to 8pm everyday up to March 2. Entry fee is at Taka 30.
The chamber, which began its journey in 1992, marked its 25th anniversary this year.
Since the beginning of the US Trade Show, Bangladesh has experienced steady economic growth and progress, leading to an expansion of US-Bangladesh bilateral trade from $1 billion to more than $7 billion in 2017, a seven-fold increase.
Besides the exhibition there will be four seminars. On March 2, seminars on "Doing Business in America: Business Visas" and "Doing Business in the Bangladesh: What Can the U.S. Embassy Do for Your Company" will take place. Two more seminars titled "USAID and Customs Portal Modernisation Overview" and "Studying in America: Student Visas will also be organised.
Speaking at the media briefing, US ambassador to Bangladesh Mercia S Bernicat said the trade show is an opportunity to showcase high-quality products and services that US companies bring to Bangladesh and recognise the contribution of US companies to Bangladesh's economy and particularly its development.
She said the show comes at an auspicious time for US-Bangladesh trade and investment ties.
The envoy said US exports to Bangladesh grew 61 percent to $1.47 billion last year, thanks to the success of several American companies.
Still, there are great deals of potential to increase the sales of US products and services in Bangladesh, she said.
"This will help Bangladesh increase and improve its already impressive economic development," said Bernicat, adding that the US is the single largest foreign investor in Bangladesh.
Aftab Ul Islam, former president of the AmCham Bangladesh, said most of the prominent US companies are taking part in this year's event.
Malcolm Burke, regional manager of the US Department of Commerce's Advocacy Centre, said the interest of US companies in doing business Bangladesh is phenomenal.
The participating US firms include Metlife, Coca-Cola, Pepsico International, Ford Motor, Boeing Commercial Airplanes, Chevron, Microsoft, Cisco, Dell, HP, Intel, Cisco, Caterpillar, FedEx, Citi, Mastercard, Johnson & Johnson, YUM! Restaurants International, and Visa.
Bell Helicopter, Burger King Corporation, Transfast and Uber Technologies, are participating for the first time.