In a recent turn of events, Chinese Ambassador in Bangladesh Zhang Zuo met with Osama Taseer, president of the Dhaka Chamber of Commerce and Industry (DCCI), at the office of the trade body in Dhaka, on 16 March.
“The bilateral trade between China and Bangladesh in 2017-18 was $12.40 billion. According to the economists, this bilateral trade volume may reach $18 billion by 2021,” said Osama Taseer.
“The bilateral trade between China and Bangladesh in 2017-18 was $12.40 billion. According to economists, this bilateral trade volume may reach $18 billion by 2021.
China is one of the largest partners of mega infrastructure projects in Bangladesh. Also, China is currently the largest trading partner of Bangladesh.
Around 200 large Chinese companies and 200 Chinese SMEs are in operation in Bangladesh.
Chinese companies are hopeful about bigger business cooperation between the two nations in the following decade, the Dhaka chamber quoted Zuo as saying in a statement.
Taseer also stressed on the need for Chinese foreign direct investment in the diversification of garment items and transfer of allied technology.
Taseer expressed, Bangladesh’s “Look East” policy is essentially designed to open up new avenues of cooperation with China and the Asean region.
He also demanded speedy implementation of duty-free market access for Bangladesh in China.
The Chinese envoy also invited members of the DCCI to attend an import and export fair scheduled to be held in Shanghai in November.
DCCI Senior Vice President Waqar Ahmad Choudhury and Vice President Imran Ahmed were also present.