UNB, Dhaka :
China wants to sign a memorandum of understanding (MoU) with Bangladesh on ‘Silk Road Economic Belt’ and ‘Maritime Silk Road’ in an effort to enhance and further develop the economic and trade relations between the two countries, according to officials.
Bangladesh, however, has not yet taken any decision but is scrutinising the various aspects of the proposal, a senior official at the Finance Ministry told UNB.
“There’re so many issues to look into. We’re looking into all the aspects,” the official said confirming that the matter is still under an initial stage.
The MoU, once agreed, will be signed under the Framework of China-Bangladesh Joint Committee for Economic and Trade Cooperation, according to another official at the Economic Relations Division.
The official said the MoU, if signed, will come into effect upon signature and will remain valid for five years.
On the expiry date, the MoU could be extended or amended under the proposal of the joint committee.
The joint committee for economic and trade cooperation will be responsible for the implementation of the MoU.
The leading departments for the joint committee from both sides will be responsible for the routine work and file report on the progress of work to the joint committee regularly.
The Chinese Embassy in Dhaka recently wrote to the Economic Relations Division of the Finance Ministry for signing the MoU on joint promotion for the construction of ‘Silk Road Economic Belt’ and Maritime Silk Road of the 21st Century.
An official preferring anonymity said the letter was written on January 16 and the MoU will be signed between the Chinese Commerce Ministry and Bangladesh Finance Ministry.
A draft MoU containing six articles have been shared with the ERD to forward this proposal to the authorities concerned for comments and approval.
The Chinese side said the MoU could be signed on the occasion of the 40th anniversary of the diplomatic relations between Dhaka and Beijing which is on.
China thinks the MoU will help strengthen the practical cooperation further on economic and trade in all spheres to the mutual benefit and development.
Both sides think the MoU on the issues will further benefit the close relationship and the cooperation in the future.
China wants to sign a memorandum of understanding (MoU) with Bangladesh on ‘Silk Road Economic Belt’ and ‘Maritime Silk Road’ in an effort to enhance and further develop the economic and trade relations between the two countries, according to officials.
Bangladesh, however, has not yet taken any decision but is scrutinising the various aspects of the proposal, a senior official at the Finance Ministry told UNB.
“There’re so many issues to look into. We’re looking into all the aspects,” the official said confirming that the matter is still under an initial stage.
The MoU, once agreed, will be signed under the Framework of China-Bangladesh Joint Committee for Economic and Trade Cooperation, according to another official at the Economic Relations Division.
The official said the MoU, if signed, will come into effect upon signature and will remain valid for five years.
On the expiry date, the MoU could be extended or amended under the proposal of the joint committee.
The joint committee for economic and trade cooperation will be responsible for the implementation of the MoU.
The leading departments for the joint committee from both sides will be responsible for the routine work and file report on the progress of work to the joint committee regularly.
The Chinese Embassy in Dhaka recently wrote to the Economic Relations Division of the Finance Ministry for signing the MoU on joint promotion for the construction of ‘Silk Road Economic Belt’ and Maritime Silk Road of the 21st Century.
An official preferring anonymity said the letter was written on January 16 and the MoU will be signed between the Chinese Commerce Ministry and Bangladesh Finance Ministry.
A draft MoU containing six articles have been shared with the ERD to forward this proposal to the authorities concerned for comments and approval.
The Chinese side said the MoU could be signed on the occasion of the 40th anniversary of the diplomatic relations between Dhaka and Beijing which is on.
China thinks the MoU will help strengthen the practical cooperation further on economic and trade in all spheres to the mutual benefit and development.
Both sides think the MoU on the issues will further benefit the close relationship and the cooperation in the future.
