2 months ago

BEZA, BCCCI ink MoU to attract Chinese investment in economic zones

File photo used for representational purpose
File photo used for representational purpose

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Bangladesh Economic Zones Authority (BEZA) and Bangladesh China Chamber of commerce and industries (BCCCI) have signed a memorandum of understanding (MoU) to attract foreign, especially Chinese, investment in the economic zone.

The main objective of the MoU titled Collaboration on promoting and branding Bangladesh globally and attracting foreign investment at Economic Zones in Bangladesh’ is to promote and brand Bangladesh globally.  

BCCCI will provide necessary assistance to BEZA in policy cooperation, organizing policy dialogues for development of bilateral trade and attracting potential Chinese investors, according to a media statement on Wednesday.

The MoU was signed by the Joint Secretary of the government and General Manager of BEZA (Investment Development) Md. Moniruzzaman and Al-Mamun Mridha, Secretary General of the organization BCCCI signed the MoU.

BEZA and senior executives of BCCCI were present at the time. BEZA Executive Chairman Shaikh Yusuf Harun presided over the meeting.

BCCCI Senior Vice President Al Mamun Mridha said that Bangladesh has been able to build a sound investment-friendly environment with the help of Bangladesh Economic Zone and has set a role model of development to the world.

He mentioned that China is already investing significantly in other economic areas including investment in the Chinese Economic and Industrial Zone on a G2G basis. He hoped that the signing of this memorandum will further expand the scope of Chinese investment in Bangladesh.

He said that since its establishment in 2003, BCCCI has been working towards the development of business relations between the two countries and there are about 450 Chinese investors in the organization.

Yusuf said that BEZA is working to continue the supply system by attracting domestic and foreign investment, meeting domestic demand and continuing the trend of exports.

He said that BEZA is working with China to establish the Chinese Economic and Industrial Zone on a G2G basis. He urged Chinese investors to invest in the tourism parks set up by BEZA.

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