Bangladesh invites US to tap potentials of offshore blocks | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 01, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 01, 2025
Bangladesh invites US to tap potentials of offshore blocks

Economy

UNB
14 October, 2020, 10:50 pm
Last modified: 14 October, 2020, 10:56 pm

Related News

  • Chinese investment can be game changer for Bangladesh economy: CA
  • CA Yunus to hold next round of talks with political parties tomorrow
  • BNP made its case for December polls to CA citing favourable climate, stability: Mosharraf
  • BSF pushes over 1,100 people into Bangladesh in 24 days
  • DSE Market Cap drops by Tk2,000cr, indices plunge amid investor panic

Bangladesh invites US to tap potentials of offshore blocks

Bangladesh also sought preferential trade support for its products from the US to accelerate the economic recovery during the post-Covid era

UNB
14 October, 2020, 10:50 pm
Last modified: 14 October, 2020, 10:56 pm
Photo: UNB
Photo: UNB

Bangladesh has invited the United States to explore opportunities in offshore blocks as Bangladesh identified 20 blocks through maritime boundary settlement.

The US side assured Bangladesh of encouraging their companies to invest in Bangladesh.

State Minister for Foreign Affairs M Shahriar Alam, while briefing reporters after bilateral meeting with visiting US Deputy Secretary of State Stephen E. Biegun, said they discussed it apart from other issues.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Responding to a question, the State Minister said this is an open invitation but not for any specific US company.

He said the two sides discussed ways to ensure faster economic recovery for Bangladesh in the post Covid-19 s scenario and the US side encouraged for larger discussion on Free Trade Agreement considering Bangladesh's growing economy.

Bangladesh also sought preferential trade support for its products from the US to accelerate the economic recovery during the post-Covid era.

The Bangladesh side also raised the Rohingya repatriation issue and laid emphasis on quick repatriation of Rohingyas to their place of origin in Rakhine State.

Photo: UNB
Photo: UNB

The US also reiterated its commitment to work to resolve the Rohingya crisis.

They intend to engage themselves in this effort after the national election of Myanmar in November, said the State Minister.

The US government has assured Bangladesh of taking steps so that US vaccines can be made available after successful production. The visa issue also came up for discussions.

On Indo-Pacific Strategy (IPS), he said Bangladesh supports an inclusive, peaceful and participatory region.

The US side expressed satisfaction that an American company has started supplying LNG to Bangladesh.

The US Deputy Secretary of State arrived here on Wednesday to discuss Bangladesh-US cooperation on Covid-19 response, recovery efforts and sustainable economic development.

Foreign Secretary Masud Bin Momen received the US Deputy Secretary of State upon his arrival at Hazrat Shahjalal International Airport from New Delhi, India after wrapping up his three-day visit there.

US Ambassador to Bangladesh Earl Miller was also present, an official said.

Biegun is scheduled to hold a meeting with State Minister for Foreign Affairs M Shahriar Alam at a city hotel on Wednesday evening.

The State Minister will also host dinner in honour of the US Deputy Secretary of State.

Biegun will meet Foreign Minister Dr AK Abdul Momen on Thursday morning and discuss issues of mutual interest and issues related to Indo-Pacific Strategy (IPS), a senior official told UNB.

He is scheduled to meet Prime Minister Sheikh Hasina at Gonobhaban at 12pm on Thursday.

During discussions with the Bangladesh side, Biegun will reaffirm the Bangladesh-US partnership.

The Deputy Secretary's engagements in Bangladesh will focus on "advancing the common vision of a free, open, inclusive, peaceful, and secure Indo-Pacific region" with shared prosperity for all, according to the Office of the Spokesperson at the US Department of State.

Bangladesh's Priority

Bangladesh will raise the Rohingya issue on Thursday again and seek stronger global support, especially from the United States, for the quick repatriation of Rohingyas to Myanmar.

"It's a global responsibility. Rohingyas must go back to Myanmar, " said Foreign Minister Dr AK Abdul Momen.

He said Rohingya is not a lone responsibility of Bangladesh but a global responsibility and Bangladesh will raise it.

Dr Momen said Bangladesh is not interested in humanitarian assistance. "It's one part but not the main part. Rohingyas must go back to Myanmar. That's the main part for us."

Repatriation attempts were failed twice in November 2018 and August 2019 amid Rohingyas' "lack of trust" on the Myanmar government.

Bangladesh and Myanmar signed the repatriation deal on November 23, 2017.

On January 16, 2018, Bangladesh and Myanmar signed a document on "Physical Arrangement", which was supposed to facilitate the return of Rohingyas to their homeland.

IPS & Bangladesh

On Monday, Dr Momen said the US side will talk about Indo-Pacific Strategy (IPS) and Bangladesh does not have any problem.

Bangladesh will also seek investment in infrastructure development and visa issues during the visit, he said.

Bangladeshi students are not getting the US visas whereas India is giving. "This is discriminatory," Dr Momen said.

"We'll tell them that they should come forward with investment in infrastructure development if they want the effectiveness of the initiative," said the Foreign Minister adding that only talks will not work.

If they really want to help Bangladesh, Dr Momen said, they can help Bangladesh RMG sector by withdrawing tariffs for three years.

On defence aspects of the IPS, the Foreign Minister said they want to sell equipment but Bangladesh will be very reluctant about that end as Bangladesh is a friendly country.

Deputy Secretary Biegun will leave Bangladesh on October 16.

Top News

Bangladesh / USA / offshore blocks

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • CA Yunus in nation address on 25 Mar. Photo: Screengrab
    CA Yunus to hold next round of talks with political parties tomorrow
  • Bangladesh Army logo. Photo: Collected
    Bangladesh Army dismisses Indian media report on 'Military Operations Zone' as baseless, malicious
  • Former prime minister Sheikh Hasina. File photo: Collected
    Hasina govt attacked student-people under coordinated extermination plan: ICT prosecution

MOST VIEWED

  • Govt slashes June prices for diesel, petrol, octane
    Govt slashes June prices for diesel, petrol, octane
  • Tax exemptions for key industries to go, sweeping tax hikes planned
    Tax exemptions for key industries to go, sweeping tax hikes planned
  • Photo: Courtesy
    IFIC Bank incurs Tk500cr loss in Jan-Mar
  • Chief Adviser Muhammad Yunus meets Japanese Prime Minister Ishiba Shigeru in Japan on 30 May 2025. Photo: CA Office
    Bangladesh, Japan to sign Economic Partnership Agreement by year-end
  • Indian Chief of Defence Staff General Anil Chauhan shares insights on how Operation Sindoor represents future wars at Shangri-la Dialogue in Singapore on Saturday, 31 May 2025. Photo: ANI via Hindustan Times
    India confirms losing fighter jets in recent conflict with Pakistan: Bloomberg
  • Mahmud Hasan Khan Babu. Photo: Collected
    Mahmud-led Forum panel wins BGMEA election

Related News

  • Chinese investment can be game changer for Bangladesh economy: CA
  • CA Yunus to hold next round of talks with political parties tomorrow
  • BNP made its case for December polls to CA citing favourable climate, stability: Mosharraf
  • BSF pushes over 1,100 people into Bangladesh in 24 days
  • DSE Market Cap drops by Tk2,000cr, indices plunge amid investor panic

Features

Photo: Collected

Slice, store, sizzle: Kitchen must-haves for Eid-ul-Adha 2025

2h | Brands
The wide fenders, iconic hood scoop and unmistakable spoiler are not just cosmetic; they symbolise a machine built to grip dirt, asphalt and hearts alike. PHOTO: Akif Hamid

Resurrecting the Hawkeye: A Subaru WRX STI rebuild

8h | Wheels
Babar Ali, Ikramul Hasan Shakil, and Wasfia Nazreen are leading a bold resurgence in Bangladeshi mountaineering, scaling eight-thousanders like Everest, Annapurna I, and K2. Photos: Collected

Back to 8000 metres: How Bangladesh’s mountaineers emerged from a decade-long pause

2d | Panorama
Photos: Courtesy

Behind the looks: Bangladeshi designers shaping celebrity fashion

2d | Mode

More Videos from TBS

July Uprising atrocities: ICT accepts formal charges, orders arrest of Hasina, Kamal

July Uprising atrocities: ICT accepts formal charges, orders arrest of Hasina, Kamal

25m | TBS Today
Appellate Division directs EC to restore Jamaat's registration a decade after cancellation

Appellate Division directs EC to restore Jamaat's registration a decade after cancellation

1h | TBS Today
Elected representatives will make all the reforms

Elected representatives will make all the reforms

1h | TBS Today
India admits to losing fighter jet

India admits to losing fighter jet

2h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net