FBCCI urges Chinese businesses to invest in BD’s infrastructure dev

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Economic Reporter :
President of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) Md Shafiul Islam (Mohiuddin) invited the Chinese Business Community to invest in Bangladesh in the infrastructure development, equipment manufacturing, light industry, electronics and textiles sectors etc.
He invited visiting Chinese Delegation from Jilin Province for investment at a meeting with FBCCI leaders on Sunday at its office. 21 members Chinese Delegation was led by Sun Guohua, Deputy Director of the Commerce Department of Jilin Province. FBCCI First Vice-President Sheikh Fazle Fahim, Vice-President Md. Muntakim Ashraf and others Directors of the organization were also attended the meeting.
FBCCI chief briefed the delegation on the current economic development of the country. He also mentioned that Bangladesh has developed hugely in infrastructure, communication and some other sectors in recent years. He said that as Bangladesh is the gateway of ASEAN and South Asian Countries and close to China through Kunming, and, China occupies a unique Geographic position bridging the parts of South Asia, this two countries can take advantage of the global opportunity. The FBCCI President mentioned that Bangladesh has achieved consistent GDP growth of over 6 percent during the last couple of years and gained above 7 percent GDP growth in the past two years.
Mohiuddin mentioned that the investment opportunity in Bangladesh is now open for all and the Government is offering very lucrative policy for the investors.
Leader of the Chinese Delegation Sun Guohua said that, in recent years the economic relation between China and Bangladesh has been increased manifold. Sun invited the Bangladesh Business community to invest in Jilin Province in the agriculture, automobile and electronics sectrors etc. His delegation comprised of the representatives of agriculture, automobile, solar power panel and medical equipments etc.
It may be mentioned that, Bangladesh exported total amount of 949.41 million US $ to China in 2016-17 and imported the amount of 10128.1 million US $. The principal export products of Bangladesh to China are Woven Garments, Leather goods, Knitwear, Jute and Jute goods and leather and Frozen Foods etc. The import items from China are Textiles and Textile Articles, Machinery and mechanical appliance electrical equipment and Products of the Chemical or Allied Industries etc.
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