HSBC CEO promotes Bangladesh business opportunities in NY
FE Report | Sunday, 29 June 2008
Chief Executive Officer (CEO) of Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh Steve Banner delivered a two-hour presentation covering business opportunities in Bangladesh to representatives from approximately 50 major United States (US) companies at HSBC's New York city office recently.
The presentation on 'Understanding and Navigating Opportunities in Bangladesh' provided potential US buyers/ investors with insights into the opportunities available in Bangladesh, said a press release.
The presentation, which covered import/export regulations, investment guidelines and opportunities within export processing zones (EPZs), was followed by a lively question-answer session.
Commenting on the event, Banner explained, "Given the rising production costs in other countries, Bangladesh is attracting increasing interest from international buyers and investors. I was, therefore, delighted when my HSBC colleagues in New York invited me to speak to some of their largest US customers about the opportunities in Bangladesh. The audience was very attentive and knowledgeable, and there were many large companies that were very keen to link up with potential suppliers in Bangladesh. Given our global network, the bank is in a unique position to put its overseas customers, in this case in the USA, in direct contact with HSBC customers in Bangladesh. Hopefully this event will result in new orders for some of our customers in Bangladesh, as well as increased investment in the country. The event was so popular that we are now planning a similar programme for companies based on the US West Coast".
HSBC is a leading bank facilitating international trade to and from Bangladesh, having handled 9.7 per cent of the country's exports in 2007.
The presentation on 'Understanding and Navigating Opportunities in Bangladesh' provided potential US buyers/ investors with insights into the opportunities available in Bangladesh, said a press release.
The presentation, which covered import/export regulations, investment guidelines and opportunities within export processing zones (EPZs), was followed by a lively question-answer session.
Commenting on the event, Banner explained, "Given the rising production costs in other countries, Bangladesh is attracting increasing interest from international buyers and investors. I was, therefore, delighted when my HSBC colleagues in New York invited me to speak to some of their largest US customers about the opportunities in Bangladesh. The audience was very attentive and knowledgeable, and there were many large companies that were very keen to link up with potential suppliers in Bangladesh. Given our global network, the bank is in a unique position to put its overseas customers, in this case in the USA, in direct contact with HSBC customers in Bangladesh. Hopefully this event will result in new orders for some of our customers in Bangladesh, as well as increased investment in the country. The event was so popular that we are now planning a similar programme for companies based on the US West Coast".
HSBC is a leading bank facilitating international trade to and from Bangladesh, having handled 9.7 per cent of the country's exports in 2007.