Bangladesh could be a lucrative place for Chinese investment

Desk Report        
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Country’s apex trade body the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the Chinese businessmen to invest in the country’s prospective sectors like infrastructure, light industry, electronics and textiles sectors in Bangladesh.

Figure: FBCCI Acting President Sheikh Fazle Fahim met with Chinese People’s Political Consultative Conference Vice Chairman Lin Xiong on 19 November at FBCCI office in the city.
Figure: FBCCI Acting President Sheikh Fazle Fahim met with Chinese People’s Political Consultative Conference Vice Chairman Lin Xiong on 19 November at FBCCI office in the city.

FBCCI also expressed interest to sign agreement for joint venture in manufacturing sector with any company from Gangdong. Mr. Lin Xiong, Vice Chairman of Chinese People’s Political Consultative Conference (CPPCC), led the Chinese delegation.

Mr. Lin emphasized on strengthening the bilateral trade between FBCCI and CCPIT. FBCCI Acting President Sheikh Fazle Fahim briefed the delegation about the lucrative investment facilities of Bangladesh Government for foreign investment including tax holiday, corporate tax incentive etc. and invited the Chinese businessmen to invest in the prospective sectors of Bangladesh.

“Bangladesh is enjoying the duty free, quota free facility for exporting to EU, Canada and many other countries. Chinese investors can utilize this facility to invest here”, said Mr. Fahim.

“Bangladesh is a huge market of 160 million people, Chinese investors can come forward for investment using their raw materials in production of different sectors”, he added.

The two countries can take advantage of the global opportunity as Bangladesh is the gateway of ASEAN and South Asian countries and close to China through Kunming while China occupies a unique geographic position bridging the parts of South Asia.

Table: Export-Import commodities list of Bangladesh with China.
Table: Export-Import commodities list of Bangladesh with China.

Bangladesh exported total amount of 949.41 million US $ to China in 2016-17 and imported the amount of 10128.1 million US $. The principal export products of Bangladesh to China are Woven Garments, Leather goods, Knitwear, Jute and Jute goods and leather and Frozen Foods etc. The import items from China are textiles machinery and mechanical appliance, electrical equipment and products of the chemical or allied industries etc.

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