BEI President made Opening Remarks at the event ‘Bangladesh-China Relations: 40 Years of Partnership’ at BIISS auditorium

Date: 26 January 2016

China to increase JVs in Bangladesh


Terming Bangladesh a very important country, visiting Chinese delegation leader Wang Chungui on Tuesday said China will ‘intensify’ its investment in Bangladesh to help it reach the next stage of development.

“China will intensify investment in Bangladesh and will help boost production capacity,” he told a seminar in the city and mentioned that both Bangladesh and China’s dreams are ‘connected’.

Wang Chungui, a former Chinese ambassadors to Bangladesh, said China is ready to encourage ‘competent Chinese companies’ to invest in Bangladesh and establish joint ventures with Bangladeshi companies.

Terming Bangladesh as his second home, he said Bangladesh and China need to maintain the ‘momentum’ in the relations on all fronts through stronger collaboration to benefit the people of both countries.

Bangladesh Institute of International and Strategic Studies (BIISS) hosted the seminar titled ‘Bangladesh-China Relations: 40 Years of Partnership’ at its auditorium.

State minister for foreign affairs M Shahriar Alam spoke at the inaugural session of the seminar as the chief guest.

Foreign secretary M Shahidul Haque, Chinese ambassador in Dhaka Ma Mingqiang, cIISS Chairman Munshi Faiz Ahmad, BIISS director general AKM Abdur Rahman and former Bangladesh ambassadors to China Farooq Sobhan also addressed at various sessions of the seminar.

Three other visiting former Chinese ambassadors to Bangladesh Hu Qianwen, Chai Xi and Zheng Qingdian who had worked in Bangladesh since 1997 also spoke on various aspects of the relations.

The Chinese delegation leader laid emphasis on maintaining high level exchanges, vigorous and practical cooperation between the two countries to boost bilateral relations.

On trade issues, he said China is willing to sign free trade agreement (FTA) with Bangladesh to further strengthen the trade ties.

Laying emphasis on Bangladesh-China-India-Myanmar (BCIM) economic corridor, the former Chinese diplomat said China is ready to expand cooperation in connectivity and sign an inter-governmental deal among four countries to get quick results on the BCIM issue.

Shahriar Alam in his speech said China’s unwavering commitment to Bangladesh’s socio-economic development has time and again been substantiated by her continued efforts to assist Bangladesh in fulfilling the legitimate wishes and desires of her people.

“We’re working closely on creating two Special Economic Zones wherein we expect to create mutual leverage points in investment and employment for securing exponential growth in both labour-intensive and technology-intensive commercial ventures,” he said.

The State Minister said Bangladesh has already elevated to a lower-middle income country and policies are en route to take GDP growth rate to 8 percent a year. “With China being the largest and fastest growing economy, and also being a role model for us, we would like to learn from the Chinese experience and short-circuit our growth trajectory to catapult into a higher paradigm,” he said.

Shahriar said the exchange of visits continued with several high-profile visits already taking place between two countries this year. “We expect that the end of this year would be happier with incoming visits of a higher profile this year. Let this year be the year we reaffirmed to intensify the existing ‘Closer Comprehensive Partnership of Cooperation’ between our two countries.”

He also said Bangladesh strongly believes that Bangladesh-China-India-Myanmar Economic Corridor (BCIM-EC), the One Belt-One Road initiative and the other measures of regional connectivity initiative will positively change the socio-economic scenario of not only two peoples but of all the peoples of this region.

“We look forward to working closely with China and our other friendly partners in development for creating a sustainable financial future for all of us in the region and beyond,” he said.

Current Chinese envoy Ma Mingqiang said they look forward to taking Bangladesh-China relations to new heights that will benefit the next generations of the two countries.

Farooq Sobhan described the various aspects of the current relations and potentials ahead saying ‘sky is the limit’ as far as Bangladesh-China relations are concerned.

Former industries minister Dilip Barua, senior civil and military officials, including current and former ambassadors, members of the academia, representatives of think tanks, experts and policymakers participated in the seminar and put forward their suggestions to boost the relations further.