Govt will ensure safety of foreign investments, uphold human rights: Adviser Touhid (2024)

The Ministry of Foreign Affairs has reassured diplomats stationed in Dhaka about protection of foreign investments, safety and security of foreign nationals, and the government's commitment to upholding human rights.

The affirmation came from Foreign Affairs Adviser Md Touhid Hossain during a diplomatic briefing at the state guesthouse Padma today, where ambassadors and high commissioners from various missions raised their concerns on several issues.

Talking to reporters, Touhid said the diplomats raised their concerns about the safety of their families and residences in the current political climate and "we assured them that more security will be provided within a few days after consulting with the home affairs adviser."

Regarding foreign investments in the country, he said, "We told them that they should not be disappointed. Security will be ensured so that their investments can be protected."

"The interim government will give particular attention to far-reaching financial sector reform, with priority attached to combating corruption, mismanagement and anomalies," he told diplomats during the closed-door briefing to envoys.

The government urged all the development partners, including the multilateral development banks and other international financial institutions, to extend meaningful support to Bangladesh to help tide over the economic challenges.

The government also called upon international trade and investment partners to maintain their trust in Bangladesh, and work in partnership with Bangladesh to help improve the labour sector, environmental standards and logistics efficiency, he said.

Some of the diplomats wanted to know about security measures and Rohingya issues apart from issues related to the prevailing situation.

"We seek continued support of the international community in Rohingya humanitarian operations and their sustainable repatriation," he said.

Emerging from the briefing, one of the diplomats told news agency UNB that the main discussion was centred on the present situation of Bangladesh.

Chinese Ambassador to Bangladesh Yao Wen termed the present condition of Bangladesh as its internal affair.

"It is the internal affairs of Bangladesh," he said, adding that China welcomes the formation of the interim government and "will continue to work with Bangladesh."

Russian ambassador Aleksandr Mantytsky wished for the success of the new interim government of Bangladesh and said, "I hope the Russia-Bangladesh relationship will continue to flourish."

Human rights top priority of interim govt

After the briefing, Touhid told reporters, "Human rights is one of the concerns of the diplomats. We said we are working on eliminating discrimination in order to uphold human rights. Because, students protested against discrimination."

He conveyed to the diplomats that the interim government is very serious about human rights issues. The adviser referred to the inclusion of advisers who have track records of working on human rights issues.

He told diplomats that the interim government remains committed to promoting and protecting the fundamental rights and freedoms, including the right to peaceful assembly and freedom of expression.

Referring to the recent student protest, he told diplomats, "You are all aware that Bangladesh witnessed a second liberation last week through a mass uprising spearheaded by valiant students. The then Awami League government, in their efforts to suppress the popular movement, committed gross human rights violations by abusing and misusing the state power."

"However, the sheer force of 'people's power' added momentum to the movement leading to the fall of the authoritarian regime," he said.

The interim government makes it a priority to ensure justice and accountability for all deaths and violences committed during the recent mass uprising through nationally-led, independent investigation and judicial processes, he added.

In the process, the government shall remain engaged with relevant international partners, including the UN, to avail itself of appropriate support for facilitating such processes in a sound and seamless manner, he further said.

Touhid said the government has taken quick and decisive measures to restore law and order and bring back normalcy. "It is pledge-bound to ensure safety and security of all religious and ethnic groups and will not tolerate any violence or intimidation against them," he added.

"We are working on creating an environment conducive to resumption of the full-fledged operations by the police force. The patriotic armed forces will continue to serve the nation with its hallmark responsibility as the situation warrants," he said.

"We remain mindful of the pressing demand for security sector reform," he added.

No reason for ties with India to get affected

Touhid Hossain said bilateral relations is a big thing and emphasised that the relations with India will remain unhurt even if former prime minister Sheikh Hasina's stay there prolongs.

"This is a hypothetical question. If someone stays in a country why would the relations with that particular country be affected? There is no reason for that," he said, adding that bilateral relations are a big matter.

The adviser made the remarks when a journalist wanted to know whether bilateral relations with India will be affected if Sheikh Hasina's stay in India gets prolonged.

Touhid said bilateral relations are relations of interest and friendship is also for interest. "Friendship does not exist if the interest is hurt," he added.

He said the two sides – Bangladesh and India – have interests and they will follow those interests.

He also said that they were not abandoning any commitment with any country as those commitments were made by Bangladesh.

Govt will ensure safety of foreign investments, uphold human rights: Adviser Touhid (2024)

FAQs

Are governments allowed to restrict investments made by foreigners? ›

The Committee on Foreign Investment in the United States (CFIUS) is a government body with the power to block foreign investments in U.S. companies.

What is the function of the Committee on Foreign Investment in the United States? ›

It serves the President in overseeing the national security risks of certain foreign direct investment (FDI) in the U.S. economy.

What is the U.S. agency for Foreign Investment? ›

CFIUS is an inter-agency committee led by the U.S. Department of Treasury that reviews mergers and acquisitions of U.S. businesses by foreigners to determine whether such transactions could affect U.S. national security. More information about CFIUS is available from the U.S. Department of Treasury .

Why should a government support foreign investment? ›

Foreign direct investment (FDI) plays a major role in the U.S. economy, both as a key driver of the economy and an important source of innovation, exports and jobs. The United States has always provided foreign investors a stable and welcoming market.

What are the negative effects of foreign investment? ›

Some potential disadvantages of foreign direct investment (FDI): The host country can lose control over its economy, and people may lose jobs if companies relocate production to lower-cost countries. There can be negative impacts on the environment from foreign investment in extractive industries.

Why is foreign investment important in the US? ›

Foreign direct investment impacts the U.S. economy in many positive ways. For example, FDI: Creates New Jobs: U.S. affiliates of foreign companies (majority-owned) employ approximately 5.3 million U.S. workers, or 4.6% of private industry employment.

What is the basic function of foreign investment? ›

The primary purpose of foreign investment is as follows: Gain access into the market of another country by providing capital and getting a stakeholding in a local company. Use that access to conduct business and make profits.

What should the role of the US be in foreign policy? ›

Promoting freedom and democracy and protecting human rights around the world are central to U.S. foreign policy. The values captured in the Universal Declaration of Human Rights and in other global and regional commitments are consistent with the values upon which the United States was founded centuries ago.

How much of the United States is owned by foreign investors? ›

In 2011, 26 million acres were owned by foreign investors — less than two-thirds the acreage held by foreign interests in 2021. Though USDA data since 2021 is not as substantive, it shows that this trend is continuing: In 2022, foreign-owned acreage grew to 43.4 million.

Who is the leading U.S. foreign policy agency? ›

The Department of State (DOS) advises the President and leads the nation in foreign policy issues.

Does the U.S. tax foreign investments? ›

Key Takeaways. When Americans buy stocks or bonds from foreign-based companies, the investment income and capital gains may be subject to both U.S. income tax and taxes levied by the company's home country.

What is a foreign investment restriction? ›

Foreign direct investment (FDI) restrictiveness is an OECD index gauging the restrictiveness of a country's FDI rules. It takes into account four main types of restrictions: foreign equity restrictions; discriminatory screening or approval mechanisms; restrictions on key foreign personnel and operational restrictions.

What are the rules for foreign investments in the US? ›

Foreign investment is prohibited in the following areas: a) defense, internal public order and State security; b) banking activities involving central bank and issuing bank function; c) other areas which are considered by law to be absolutely reserved for the State or the Sovereign Prince.

What is the new law about foreign investors? ›

Introduced in House (01/12/2022) To prohibit the purchase of public or private real estate located in the United States by foreign persons, and for other purposes. To prohibit the purchase of public or private real estate located in the United States by foreign persons, and for other purposes.

Can you invest in the US as a foreigner? ›

The U.S. stock market is one of the pillars of our country's economic system, and U.S. citizenship is not required to trade U.S. securities. That means non-U.S. citizens or international investors can open a brokerage account and invest in U.S. stocks.

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