- China plans to increase investments in textiles, clean energy, electric vehicles, and technology.
- Chinese Ambassador announces zero-tariff treatment for Bangladesh before LDC transition.
- $230 million already invested by 14 Chinese firms in Bangladesh.
- Seminar highlights the importance of balanced trade relations and people-to-people exchanges.
- Bangladesh continues to seek Japanese support for infrastructure projects.
China plans to significantly increase investments in key sectors like textiles, clean energy, electric vehicles, and digital technology in Bangladesh. This exciting announcement came from Chinese Ambassador to Bangladesh, Yao Wen, during a seminar in Dhaka today. He also highlighted the importance of deepening trade ties between the two countries.
Additionally, Ambassador Yao Wen shared that China will grant Bangladesh zero-tariff treatment on all taxable items before it exits its Least Developed Country (LDC) status. This decision is expected to strengthen economic collaboration and open up new trade opportunities for Bangladesh in the near future.
Furthermore, this announcement follows investments from 14 Chinese firms, which have already invested a total of USD 230 million since Bangladesh’s interim government took office. These investments are sure to play a crucial role in supporting Bangladesh’s growth and development moving forward.
Seminar Highlights Bilateral Relations
The Centre for Alternatives recently organized a seminar, focusing on the evolving dynamics of bilateral trade. Experts discussed the importance of establishing a balanced economic relationship that benefits both countries. Distinguished figures, including Professor Dr. Imtiaz Ahmed and Mashfee Binte Shams, attended the event.
Additionally, Professor Dr. Rashed Al Mahmud Titumir and Dr. Amena Mohsin from North South University contributed their insights. Their participation further enriched the discussions, providing valuable perspectives on strengthening ties between the two nations. This made the seminar more meaningful.
Moreover, Ambassador Yao urged both countries to work together in presenting the China-Bangladesh partnership in a more dynamic way. “Let’s tell a vibrant and passionate story of China-Bangladesh friendship and ensure our strategic partnership yields more tangible outcomes,” he said.
Strengthening People-to-People Exchanges
The discussions centered on boosting people-to-people exchanges, a vital part of the China-Bangladesh relationship. Ambassador Yao highlighted the increasing interest among Bangladeshis in visiting, studying, and doing business in China.
With 58 direct flights weekly, more people are traveling between the two countries. China has also made it easier for Bangladeshi nationals to travel by simplifying visa procedures. “Bangladeshi people are showing a growing interest in visiting, studying, and doing business in China,” Yao said.
China’s Growing Influence in Bangladesh
At the seminar, discussions primarily focused on China’s expanding role in Bangladesh’s industrial and technology sectors. Experts emphasized the need for public-private partnerships to foster sustainable infrastructure development.
Moreover, China’s involvement in regional diplomacy also came up. In particular, the Rohingya crisis was mentioned, with both countries urged to take a more proactive approach.
Yao further emphasized that China’s partnership with Bangladesh goes beyond just economics. It specifically targets improving healthcare, education, and regional peace, ultimately benefiting the well-being of people.
Meanwhile, the Centre for Alternatives presented its survey results on China’s national image in Bangladesh. According to the survey, 99% of respondents approved of the friendly relationship, while 66.7% viewed China positively in 2024, up from 60.1% in 2022.
Japan’s Continued Support for Infrastructure Projects
Bangladesh has reaffirmed its request for Japan to continue supporting its infrastructure development. This came up during the 7th Bangladesh-Japan Joint Public-Private Partnership (PPP) Meeting in Tokyo.
The delegation, led by Principal Secretary M Siraj Uddin Mia, discussed ongoing projects, including the Third Terminal of Hazrat Shahjalal International Airport and the Kamalapur Multi-Modal Transport Hub Project. Mia expressed hope that Japan’s ongoing support would help boost Bangladesh’s economy.
“We are grateful to the Japanese government for its longstanding support in infrastructure development, and we are committed to the successful implementation of these projects,” Mia said.
Meanwhile, China and Bangladesh are strengthening their economic and diplomatic ties. As a result, both countries stand to benefit from this deeper cooperation, especially in trade, technology, and infrastructure development.