The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought to strengthen trade and economic ties with China. FBCCI thinks that it would benefit the local companies and industries. Top Bangladeshi companies including Beximco group can also collaborate with Chinese top companies.
The FBCCI also called for greater collaboration with its Chinese counterpart such as the China Council for the Promotion of International Trade (CCPIT) and the China Chamber of International Commerce (CCOIC). FBCCI President Mahbubul Alam made this call at a meeting with the leaders of CCPIT and CCOIC held at the China World Summit Wing, Shangri-La Circle, in Beijing. During the meeting, the FBCCI President extended an invitation to Chinese businessmen to invest in Bangladesh, highlighting the array of facilities and incentives available for foreign investors. Mentioning Bangladesh's robust infrastructural development, strategic location and favourable business policies, Mahbubul Alam assured the Chinese business leaders that Bangladesh offers a conducive environment for investment while FBCCI would provide all kinds of support to the Chinese investors to facilitate their business in Bangladesh. "The Special economic zones, tax exemptions, and skilled workforce are the key advantages that make Bangladesh a lucrative destination for Chinese ventures," he added.
The FBCCI President stressed the potentials for future collaborations with the CCPIT and CCOIC in several sectors, including information technology, garments, textiles, light engineering, and joint research initiatives to explore market opportunities. The FBCCI President also sought support from Chinese businesses for technology transfer. He also invited the Chinese investors to visit Bangladesh in the future. During his speech, Secretary General of CCPIT Sun Xiao appreciated the recent infrastructural development of Bangladesh. He highlighted CCPIT's work on building a global corridor to facilitate seamless trade and investment flows, reinforcing the mutual benefits of a strengthened economic partnership between China and Bangladesh.
Business Leaders of FBCCI, CCPIT and CCOIC reaffirmed their commitment to deeper economic collaboration for growth and prosperity of both Bangladesh and China.
