Why the US-Bangladesh economic diplomacy is growing day by day
The US ambassador said, at a news conference held recently on the eve of the three-day 28th annual trade expo in Dhaka (which began on October 27), that there is enormous potential for future growth of business between the two countries. Because the US dollar’s ongoing appreciation against the Bangladeshi taka is putting severe inflationary pressure on the economy, Bangladesh is in critical need of enormous amounts of foreign investment. It is known that the US Trade Show, which is being co-sponsored by the American Chamber of Commerce in Bangladesh (AmCham), would feature the goods and services of about 40 US businesses at the event’s location, a nearby hotel. The fact that this event is being held this year, which also happens to be the 50th anniversary of Bangladesh’s diplomatic relations with the United States, is noteworthy. It was hoped that this trade show would mark the beginning of improved bilateral ties between the two countries in the area of trade and commerce. The two-way commerce between Bangladesh and the US was US$10.64 billion in 2021 and US$9 billion in 2019, making Bangladesh the US’s 46th largest commercial partner, as stated by the US ambassador to Bangladesh, Peter D. Haas, at the press conference. Given that it was little about US$1.0 billion in 1992, this is unquestionably impressive.
India targets net-zero carbon emissions by 2070, says Modi
India’s economy will become carbon neutral by the year 2070, the country’s prime minster has announced at the COP26 climate crisis summit in Glasgow. The target date is two decades beyond what scientists say is needed to avert catastrophic climate impacts. India is the last of the world’s major carbon polluters to announce a net-zero target, with China saying it would reach that goal in 2060, and the United States and the European Union aiming for 2050.
COP26: What climate summit means for one woman in Bangladesh
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Why China's climate policy matters to us all
China's carbon emissions are vast and growing, dwarfing those of other countries. Experts agree that without big reductions in China's emissions, the world cannot win the fight against climate change. In 2020, China's President Xi Jinping said his country would aim for its emissions to reach their highest point before 2030 and for carbon neutrality before 2060. His statement has now been confirmed as China's official position ahead of the COP26 global climate summit in Glasgow. But China has not said exactly how these goals will be achieved.
Deliver on promises, developing world tells rich at climate talks
A crucial U.N. conference heard calls on its first day for the world's major economies to keep their promises of financial help to address the climate crisis, while big polluters India and Brazil made new commitments to cut emissions. World leaders, environmental experts and activists all pleaded for decisive action to halt the global warming which threatens the future of the planet at the start of the two-week COP26 summit in the Scottish city of Glasgow on Monday. The task facing negotiators was made even more daunting by the failure of the Group of 20 major industrial nations to agree ambitious new commitments at the weekend.