Concerns about working conditions and labor rights, according to US Ambassador to Bangladesh Peter Haas, are some of the issues driving Bangladesh to miss out on a major supply of investment money from the US, and Bangladesh needs to focus on this in order to enhance its foreign investment.
Bangladesh will soon make progress on labor rights and workplace safety, according to the US envoy, allowing it to qualify for DFC and attract more US trade and investment.
Congress formed the US Development Finance Corporation (DFC) with a USD 60 billion investment authorization. DFC works with American companies to build initiatives in areas like energy, healthcare, vital infrastructure, and technology. However, Bangladesh needs to meet U.S. Generalized System of Preferences (GSP) criteria to have DFC financing.
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