Prime Minigler Sheikh Hasina on Tuesday urged the Chinese entrepreneurs . relocate their facton. to Banglad.h to avail I themselves of competitive and affordable wages of Bangladesh’s , raring and energetic workfare. “Since the costs of production of certain products in China are increasing, the &Mlles producing those items can be relocated to Bangladesh where the costs are a loryheaper, particularly due to the very competitive and affordable wag. of Bangladesh’s young and energetic worldorce,” she said. Hosing was deffiering her keynote speech at ‘Bangladesh Marching Ahead: Bangladesh-China Economic and Trade Cooperation Forum’ hosted by China Cormcilfor the Pmmotion of International llade at ?residential Beijing Hotel Distin¬guished industry and business leaders from China and Bangladesh were present Chairman of Chim Councilfor the Promotion of Intemation¬al Trade (CCIPT) Jiang Zengwei presided over the function which was attended by leading Chinese business I.ders, chiefs of corporate bodies, manufactuting and trading companies, investment gaups, construction, power generating and engi-neering companies. Expressing her firm belief that Chinese investment in Bangladesh vall be profitable and wathwhile, particularly in Bangladesh’s manatee.* and service sectors, the Prime Minister urged all the leaders of business and indus¬try of China to visit Bangladesh to explore the possibilities of increasing trade and investment. welcome you all to be our partners in our business actiry¬ties and share together the gab. and benefits, profits and pros¬perity as we journey forth asffiends and pariners to the name” she added. H.ina mid, Banglad.h is a ‘muffin destination for foreign inv.tment as its FDI policies offer the friendli.t fiscal and financial incentives that include equal Menne. of la dand foreign investors, legal protection against nationalisation and expropriation, guaranteefor expatiation of capital anddiv¬Mend, corporate max holidays fiom 5 to 7 years, concessionary duty on the import of machinery, export incentives, alloffing too pact…reign equity, and unrestricted exit policy. “Moreover, Chinese inveshneat is fully protected under the existing ‘Bilateral Inv.tment Pretection Treat)• and a ‘Bilateral Tax Convention’. Another added attraction is that as an LDC Banglad.h is enjoying duty-free and quota-free market access -to the Ell and almost all developed (nannies,” …a told her audience. She said, Chinese investors may also participate in jnmty®cams with Bangladeshi entrepreneurs in sectonnolyet tapped such as pharmaceuticals, cerami., tourism, education, healthcare, road and rail communications, petrochemicals, agro-based industries, amongst others. be recent lim., Huai= said, China’s support for Bangladesh hasbeengainingmomentnmas the country hadrecentlysought China’s assistance for some of its key areas of development dur-ing the period zom-18, including the coostredion of power plants, a liver tunnel.
