FBCCI president wants Bangladesh-China FTA

 FBCCI president wants Bangladesh-China FTA

Md Jashim Uddin

Federation of Bangladesh Chambers of Commerce and Industry president Md Jashim Uddin on Tuesday said that the government should sign a free trade agreement with China to tackle the post-graduation challenges.

He made the remark at the China-Bangladesh Economic and Trade Co-operation Forum 2021 and the inaugural ceremony of the 7th council of Chinese Enterprises Association in Bangladesh.

At the virtual event, Jashim said that Chinese investment in Bangladesh was only $1.02 billion as of 2020 and an FTA could boost the confidence of Chinese entrepreneurs over the investment and trade in Bangladesh.

He said that an FTA would also help reduce the huge trade deficit between the two countries as Bangladesh’s imports from China in the fiscal year 2019-20 were $11.49 billion, while the country’s exports were only $600 million.

The president of the country’s apex trade body called on Chinese entrepreneurs to invest in industries such as skills development, knowledge and technology exchange, power and energy, transport, leather, plastics, information and communication technology, agriculture and biotechnology.

Prime minister’s private industry and investment adviser Salman F Rahman, Chinese ambassador to Bangladesh Li Jimming, Bangladesh Investment Development Authority executive chairman Md Sirajul Islam, Bangladesh Export Processing Zones Authority executive chairman Md Nazrul Islam, Bangladesh Economic Zones Authority executive chairman Md Sheikh Yusuf Harun, Dhaka Chamber of Commerce and Industry president Rizwan Rahman and Bangladesh-China Chamber of Commerce and Industry president Gazi Golam Mortuza, among others, spoke at the event.

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