A recent meeting between Dhaka Chamber of Commerce and Industry (DCCI) and Chinese trade delegation was held at DCCI office recently where DCCI sought Chinese investment in high-end apparel, backward linkage of pharmaceuticals, and the leather and footwear sector.
In a vision to boost bilateral trade, DCCI hosted an effective business to business matchmaking between the Chinese delegation and Bangladeshi counterparts.
Zhao Yanqing, Chairman of Liaoning federation of industry and commerce led the Chinese delegation. Acting President of DCCI Waqar Ahmed Chowdhury chaired the bilateral talks, according to DCCI release.
Waqar Ahmed Chowdhury said China is the largest trading partner of Bangladesh. During 2017-18, bilateral trade of Bangladesh and China was about $12.40 billion which is 13.85% of the total trade of Bangladesh.
“However the trade deficit with China reached $11 billion in 2017-18,” he added.
“China is now the largest trading partner of Bangladesh and the country by and large exports frozen and live fish, leather and leather goods, vegetables textile fibers, proper yarn and woven fabrics, articles of apparel and clothing, electrical machinery and equipment furniture in China.”
FDI inflow from China to Bangladesh reached $1.03 billion largely in power, apparel and financial sector, he informed.
Zhao yanqing said that Liaoning province is situated in the northeast side of China is near to Korea, Japan and Mongolia.
He invited Bangladeshi investors to invest in the Liaoning province to tap the export market of Korea, Japan and Mongolia.
DCCI President Osama Taseer said, “China is now the largest trading partner of Bangladesh and the country by and large exports frozen and live fish, leather and leather goods, vegetables textile fibers, proper yarn and woven fabrics, articles of apparel and clothing, electrical machinery and equipment furniture in China.”
Taseer sought Chinese FDI for ‘RMG product diversification’ and allied technology transfer. He also urged for quick implementation if duty-free, quota-free market access to Bangladesh.
