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DCCI seeks Chinese investment in agro-processing

FE Online Desk | Published: September 09, 2019 17:14:08 | Updated: September 11, 2019 15:19:25


The agro-processing sector of Bangladesh offers immense investment opportunities for Chinese investors.

The offer came from the members of Dhaka Chamber of Commerce & Industry (DCCI) in a meeting with a visiting 11-member Chinese trade delegation held on Monday at DCCI.

The DCCI invited the Chinese investors also to invest in high-end apparel, backward linkage of pharmaceuticals, leather and footwear, electronics and automobile sector in Bangladesh.

DCCI hosted an effective B2B matchmaking between the visiting Chinese trade team and their Bangladeshi counterparts with a view to boost bilateral trade.

Mr. Zhao Yanqing, Chairman of Liaoning Federation of Industry and Commerce led the Chinese delegation. Acting President of DCCI Waqar Ahmad Choudhury chaired this bilateral business talk.

Mr Waqar Ahmad Choudhury said China is the largest trading partner of Bangladesh.

During 2017-18, bilateral trade of Bangladesh and China was about USD12.40 billion which is 13.85 percent of the total trade of Bangladesh, he said.

But the trade deficit with China reached to USD11 billion in 2017-18. Despite, it is encouraging that the investment synergy between Bangladesh and China is expanding. FDI inflow from China to Bangladesh reached to USD1.03 billion largely in power, apparel and financial sector, he informed.

Zhao Yanqing, Chairman of Liaoning Federation of Industry and Commerce said that Liaoning province is situated in the north-east side of China which is near to Korea, Japan and Mongolia. He invited Bangladeshi investors to invest in Liaoning province to tap the export market of Korea, Japan and Mongolia. Liaoning province is rich in mineral resources like nickel, iron and magnesium. He said Bangladesh and Liaoning province is similar in size and the province is developed in terms of infrastructure and industrial base.    

DCCI Vice President Imran Ahmed offered vote of thanks and said that China can play a vital role in developing South Asian regional trade and investment.

DCCI Directors Enamul Haque Patwary and SM Zillur Rahman and entrepreneurs from different companies took part in this business meeting. Representatives from eight companies attended with the Chinese delegation for a B2B meeting.

A Memorandum of Understanding (MoU) was also signed between DCCI and Liaoning Federation of Industry and Commerce.

-rmc//

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