Govt officials, policymakers woo Chinese investments
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Saturday
February 04, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SATURDAY, FEBRUARY 04, 2023
Govt officials, policymakers woo Chinese investments

Economy

TBS Report
10 August, 2020, 09:15 pm
Last modified: 10 August, 2020, 09:35 pm

Related News

  • Jamaat, police clash in capital
  • National e-Government Procurement portal saves $600m per year
  • 'Policymakers in Bangladesh value obedience over merit'
  • BNP adamant about Nayapaltan venue for 10 Dec rally
  • Govt cannot give permission to anyone to create chaos: Hasan

Govt officials, policymakers woo Chinese investments

Bangladesh’s trade balance with China is worsening, with fast-growing trade between the two countries

TBS Report
10 August, 2020, 09:15 pm
Last modified: 10 August, 2020, 09:35 pm
Govt officials, policymakers woo Chinese investments

Government officials and policymakers have asked Chinese entrepreneurs to invest in Bangladesh and export the products back to their own country using the duty free access facility.

Currently the Chinese government is providing duty free access for 97 percent products manufactured in Bangladesh.

They said Bangladesh's trade balance with China is worsening, with fast-growing trade between the two countries.

Only foreign direct investment from China could reduce the trade gap, they added.

The issues came up for discussion on Monday at the virtual opening ceremony of the Mandarin version of a report titled "Destination Bangladesh" prepared by PricewaterhouseCoopers (PwC) Bangladesh. 

Salman F Rahman, private sector industry and investment adviser to the prime minister, was the chief guest and State Minister for Foreign Affairs Shahriar Alam was the special guest.

Salman Rahman said Bangladesh achieved a sustainable economic growth of over 7 percent for the last few years, but the rate has declined in the last fiscal year due to the adverse impact of the Covid-19 pandemic.

"The country has developed infrastructure both physically and digitally. A large number of people are now earning money using the internet. The country has been working to improve significantly in the ease of doing business index of the World Bank by 2022," he added. 

Shahriar Alam said the bilateral relation of Bangladesh with China is now at the highest level in history. Beijing has provided Dhaka with various opportunities in recent time.

"The government has zero tolerance of corruption and terrorism. Investor confidence is increasing. The government has harmonised policies related to tax and business," he added. 

Paban Chowdhury, executive chairman of the Bangladesh Economic Zone Authority (Beza), said currently the country has no scarcity of land for industrialisation. The Bangabandhu Sheikh Mujib Shilpa Nagar at Mirershorai in Chattogram has 40,000 acres of land.

"The Beza will do everything necessary for investors," he added.

Major General Salahuddin Islam, executive chairman of the Bangladesh Export Processing Zones Authority, said 119 companies from China have invested over $1.1 billion in export processing zones.

Dil Afroze Begum, chief executive officer of the public-private partnership office, said China has granted duty free access for 97 percent products from Bangladesh.

"It is a great opportunity for both Bangladeshi and Chinese entrepreneurs," she added.

She said Chinese entrepreneurs could invest in Bangladesh and export products to their own country by utilising the duty free access facility. It will help Dhaka reduce the trade gap with Beijing.

Bangladesh Ambassador to China Mahbub Uz Zaman, and HSBC Chief Executive Officer Mahbubur Rahman and Managing Partner of PwC Bangladesh Mamun Rashid also spoke at the event.

Top News

government / policymakers / Chinese investment

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Influentials thwart Bangladesh's reform attempts: Economists
    Influentials thwart Bangladesh's reform attempts: Economists
  • Representational image. Picture: Collected
    Gold price reduced by Tk1,200 per bhori
  • The Adani Group headquarters in Ahmedabad. Photo: Bloomberg
    Adani Enterprises shelves $122 million bond plan

MOST VIEWED

  • The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
    IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms
  • Will reform pledges to IMF work this time?
    Will reform pledges to IMF work this time?
  • Illustration: TBS
    Biz leaders want crisis management, energy security for survival
  • Infographic: TBS
    Bangladesh in better position than Sri Lanka, Pakistan to navigate forex crisis: UCB Asset Management
  • Reconditioned vehicles running out of stock as traders fail to open LCs
    Reconditioned vehicles running out of stock as traders fail to open LCs
  • Despite downturn 3 dozen listed firms plan Tk7,500cr investment
    Despite downturn 3 dozen listed firms plan Tk7,500cr investment

Related News

  • Jamaat, police clash in capital
  • National e-Government Procurement portal saves $600m per year
  • 'Policymakers in Bangladesh value obedience over merit'
  • BNP adamant about Nayapaltan venue for 10 Dec rally
  • Govt cannot give permission to anyone to create chaos: Hasan

Features

Sketch: TBS

Say 'Salud' before your salad main course

11h | Food
Coots running. Photo: Enam Ul Haque

Cute Coot of Baikka Beel: 'And yet he was as bald as a coot'

5h | Panorama
With only one government run specialised cancer hospital in the capital — the National Institute Of Cancer Research and Hospital (NICRH) in Mohakhali — patients have no option but to resort to private hospitals. Photo: Noor A Alam.

Cancer care: Medical treatment and beyond

11h | Panorama
Andy Mukherjee. Sketch: TBS

What makes India's billionaires' support special for Adani

1d | Panorama

More Videos from TBS

Prioritise medical equipment, raw material imports over luxury items

Prioritise medical equipment, raw material imports over luxury items

2h | TBS Round Table
Adani row rocks India’s parliament

Adani row rocks India’s parliament

1h | TBS World
Concord launches new plant to produce environment friendly bricks

Concord launches new plant to produce environment friendly bricks

7h | TBS Stories
How Asif Khan would invest his fresh funds right now

How Asif Khan would invest his fresh funds right now

8h | TBS Markets

Most Read

1
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

2
Photo: Collected
Energy

8 Ctg power plants out of production

3
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

4
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]