Bangladesh, China sign two MoUs to boost bilateral trade
Chief adviser, Chinese commerce minister to attend Bangladesh-China trade conference tomorrow
Highlights:
- MoUs cover joint group, e-commerce cooperation
- Chinese commerce minister arrived Dhaka today
- He will attend Bangladesh-China trade conference tomorrow
- Chief Adviser will inaugurate the conference
- 250 investors from 100 Chinese firms are attending
Bangladesh and China signed two Memorandum of Understandings (MoUs) today (31 May) for forming a Joint Working Group and on e-commerce affairs to boost bilateral trade, commerce and investment.
Commerce Adviser Sk Bashir Uddin and Chinese Commerce Minister Wang Wentao signed the MoUs on behalf of their respective sides at a hotel in the capital, reports BSS.
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Earlier, the Chinese Commerce Minister arrived in Dhaka yesterday to discuss trade and investment opportunities with Bangladesh and elevate the "Comprehensive Strategic Cooperative Partnership" between the two countries to a new height.
Wang is leading a delegation consisting of over 100 Chinese companies to visit Bangladesh.
He is scheduled to attend the Bangladesh-China Investment and Trade Conference in Dhaka today, which will be inaugurated by Chief Adviser Muhammad Yunus, reports UNB.
Business representatives from both countries will engage in discussions to strengthen economic ties at the day-long conference to be held at the "Biniyog Bhaban" (Investment Building) in Dhaka.
According to officials, around 250 investors and businesspeople representing 100 Chinese companies will attend the conference.
Minister Wang is leading the Chinese delegation, which includes representatives from China's textile, pharmaceuticals, electronics, and agro sectors. He will attend the event as a special guest.
Bangladesh Economic Zones Authority (Beza) and Bangladesh Investment Development Authority (Bida) are going to jointly organise the event.
During the conference, Chinese and Bangladeshi business representatives will participate in five separate sessions throughout the day, focused on expanding bilateral trade and investment.
According to Bida officials, sessions will cover sectors such as ready-made garments and textiles, agro-processing, ICT, electronics, and others.
"It [the conference] will serve as a platform for business communities of both countries to explore more cooperation opportunities, foster more fruitful outcomes in China-Bangladesh economic and trade cooperation," said Chinese Ambassador to Bangladesh Yao Wen.
Bangladesh seeks Chinese tech support in agriculture
Yesterday, in a meeting with the Chinese delegation led by Wang Wentao, Sk Bashir Uddin sought support of Chinese drone technology in the agriculture sector of Bangladesh.
"Chinese experiences and its technology can play a pivotal role in Bangladesh's agriculture sector," he added.
Highlighting the benefits of demographic dividends and relatively lower wages in Bangladesh, Bashir sought more Chinese investment in the leather and leather goods, light engineering, agri-machineries, agro- technology, food processing and pharmaceutical sectors of Bangladesh.
In response, the Chinese Commerce Minister emphasised on enhancing cooperation on technology and investment sectors.
Wang Wentao said that China is ready to support Bangladesh in agricultural and digital technology sectors for boosting production by using smart agricultural techniques and drone technology.
