The seminar on a fascinating subject "US - Bangladesh relationship" at BRAC University in Bangladesh

By- The Chairman of "Opex & Sinha Textile Group", Bangladesh.

Date: 18.11.2012

Chairman of the session, Honorable vice –chancellor of BRAC University, chief guest, Excellency DAN Mozena, US Ambassador to Bangladesh, Excellences, distinguished guests’, members of BRAC University Business club.

I am delighted & honored to be invited to speak in the seminar on a fascinating subject- US - Bangladesh relationship on the delightful winter afternoon.

Ladies & gentlemen,
Relationship between two sovereign states ultimately revolves around the foundation of fundamental shared values. While these shared values will be elaborated later on in my speech- it is worth while to draw a comparative picture between the two counters.

Bangladesh is a poor country of the size Wisconsin with huge concentration of people – 54,000 square miles accommodating 120 million people. Pervasive poverty still remains at an unacceptably high level. With a small natural resource issues base literacy rate remains low. It’s economic potential could not be harnessed under an exploitative rule. Yet the country showed unparalleled courage in fighting an armed liberation war. It has faced with courage and resilience successive wave of natural disasters, and stood erect again to face the many challenges.

The United States on the other hand with higher level of education has been the world leader in technological innovation, amazing managerial skill in the use of financial and natural resource for productive purpose. It has achieved a miraculous level of military strength. Differing standard can be multiplied.

Even with this apparent differences our relationship have evolved around some shared values. In the case of Bangladesh & the United States these shared values have been our deep commitment to build an create a institutionalized democratic political structure, non discriminatory, with right of individual & groups protected & ensured by a deep respect for human rights. The structure is designed & intended to be participatory & inclusive, political differences are resolved through adherence to highest commitment to political tolerance

Historically realization of democratic ideals has never been easy since it is achieve through a complex. United States, as an early starter  had its own experience of trial and error, adherence and threatened derailment. This is the beautify of the system evolving but never loosing its majesty of adherence to ideals.

In our case Bangladesh had a more chorused Hiltons of democratic evolution _ the libation was being inspired by a deep commitment to establish a democratic society. The principle ideological catalyst. The 1972 constriction symbolized the assimilation of democratic ideas with a pronounced commitment to ensure economic justice in a poor society.                                

Our democratic pursuit had its chequered evolution - experiment with an one party system, irresponsible armed adventurism, and experimentation with administered democracy, - ultimately return to multiparty system. Important point is our relentless march for the pursuit of our democratic ideal, we got consistent support of the US government. President Clinton visited Bangladesh & declared his unqualified support. A process of implied partnership has characterized this process.

A significant feature of the partnership has been our joint denunciation to any form of militant religious fundamentalism threatening the democratic evolution. It is born out by a common realization that encouragement to religious fundamentalism is dangerous to democracy. United States has been supportive of this concern and we hope this pattern will continue.

Immediately after independence the United States recognized the need for economic assistance of a new country and extended its supportive hand. A huge PL-480 program was launched followed by a large rehabilitation grant, a Rural Electrification program etc.  

Referenced as a basket case, Bangladeshi’s journey to economic independence has been long and spectacular. The private sector’s roles as the engine of growth was a recognition of the inherently creativity of the human mind – financial and infrastructural support mobilized in his favour. The result was spectacular. The farmer started producing grain and a food deficit country achieving a surplus status. From almost a zero start the RMG sector achieve the growth which dazzled the world. The United States become the single largest market.

I have been a humble player in this endeavor – and my company Opex Sinha Group now employees 55,000 people. RMG sector will continue to play a vital role in the economy of Bangladesh. Support has been sought for a duty free entry of our RMG export and it still pending consideration. Supportive alternative could be duty free entry of merchandise made out of cotton imported from United States only. This could be beneficial to the U.S farmer and the poor Bangladesh worker. Duty free entry could result in huge trickledown effect on the elevation of property in Bangladesh. Labour management as a critical component of the industry. We treat our labour for on a human level, respect their dignity – we pay them reasonably well and in time. We look after their health needs. A deeper understanding looks imperative. This area can be further improved we need support of United States  and can work out  in detail.

With a very liberal investment policy in place US investment in Bangladesh has not been very impressive excepting the energy sector. Robust Exim Bank assistance supported by US government is needed for import of heavy Machinery.

Padma Bridge- US as the biggest share holder of the World Bank – assistance can be sought.                                                          

Ladies and Gentlemen,

As I have said US – Bangladesh relation has evolved on the bases of shared values – our commitment to democratic values – our resolved to eradicate poverty through appropriate cooperative economic measures. This two objectives, in my judgment remains the corner stone of our our mutual relation. In an interdependent world, realization of these ideals demand the support and cooperation of the United States as a world leader. It remains our fervent hope that the United States will continue to extend its cooperative hand as it has always done.

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