US Ambassador to Bangladesh Marcia Bernicat on Wednesday stressed the need for removing barriers to smooth trade and investment to ensure an attractive business environment and strengthen economic relations with the US, reports UNB

She mentioned a number of areas, including high tariff, unnecessary or arbitrary regulations, certain tendering processes and customs procedures, where further steps are needed.

The US Ambassador was speaking as the chief guest at the Annual General Meeting (AGM) of International Business Forum of Bangladesh (IBFB) at Brac Center in the city.

Appreciating Bangladesh for fulfilling all the criteria for LDC graduation, the envoy said Bangladesh will get less benefit of many foreign preferences than it is enjoying now by graduating from the LDC club.