Bangladesh needs cohesive policy to exploit China’s BRI potentials, says a new report

Bangladesh needs a cohesive policy framework to fully harness the potential of the Belt and Road Initiative (BRI) and engage in projects that align with national development goals, said a new report launched in Dhaka on Thursday evening.

The report said the focus for Bangladesh should be on boosting economic activities and facilitating technology transfers as the China-designed 'Belt and Road Initiative' has drawn attention globally with Bangladesh considering options for its share in the plan.

"By strategically leveraging BRI opportunities, Bangladesh can pave the way for transformative and sustainable economic development, addressing challenges with strategic planning and effective implementation," the report said.

The report titled "The Belt and Road Initiative in Bangladesh: Achievements and Way Forward" in its executive summary laid emphasis on improving business environment with upgradation of power, transportation, and logistics to attract private investments.

To maximise the benefits of the BRI, the report said, Bangladesh should focus on infrastructure and economic activities.

Bangladesh should prioritise infrastructure development like roads, railways, and energy facilities to attract foreign investment and enhance trade competitiveness and efficiency.

Education Minister Dr Dipu Moni joined as the chief guest while Chinese Ambassador to Bangladesh Yao Wen, among others, was also present during the report launch.

The Embassy of China in Bangladesh in collaboration with the Bangladesh-China Chamber of Commerce (BCCCI) and China Enterprises Association Bangladesh (CEAB) published the report.