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Bangladesh keen for establishing road, rail links with China, ASEAN countries

The Ronin

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DHAKA, Oct. 30 (Xinhua) -- Bangladeshi State Minister for Foreign Affairs Shahriar Alam said that he looks forward to establishing direct road and rail links with China via Myanmar.

Speaking as the chief guest at a webinar "Bangladesh-China Development Cooperation: Experience Outlook" organised by the leading local thinktank Center for Policy Dialogue (CPD) on Thursday, he said, "We've formally approached the Chinese embassy in Dhaka for rail and road links between the two countries via Myanmar."

"It is to help us also connect with other ASEAN (Association of Southeast Asian Nations) countries as well," he said with reference to the Belt and Road Initiative (BRI).

Proposed in 2013, the Silk Road Economic Belt and the 21st Century Maritime Silk Road (BRI) aims to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes.

Alam brushed aside the claim that Bangladesh is falling into a Chinese "debt trap," saying China's loans only comprise a small fraction of the Bangladesh's total global debt.

The Chinese supports come as a blessing for Bangladesh, he said, expressing hope that mutual cooperation between China and Bangladesh will be deepened further in the future to bring prosperity in the countries.

Distinguished speakers from both China and Bangladesh who joined the webinar have also stressed the need for cementing further relations between the countries.

Chinese Ambassador to Bangladesh Li Jiming expressed optimism over more investment cooperation with Bangladesh in high-tech fields such as 5G telecommunications, high-speed railway, aerospace, and blue economy.

"I am very optimistic about the future of China's investment in Bangladesh," he said, hailing the continuous socio-economic development of Bangladesh.

He said China's investment in Bangladesh will not only maintain the lead in net inflows but also lead other foreign capital sources in terms of FDI (foreign direct investment) stock in Bangladesh.

CPD Chairman Rehman Sobhan said China has been investing in infrastructure and development across the world as part of its Belt and Road Initiative.

Wang Shida, deputy director of the China Academy for Contemporary International Relations, said the BRI is a new driving force in Bangladesh-China relations.

He said economic and trade relations between the two countries have been growing rapidly and having a quite positive impact on Bangladesh's economic development.

In her speech, Cheng Min, professor for Bangladesh Studies at the Yunnan Academy of Social Sciences in Kunming, said Chinese loans are different from other traditional lenders.

"Chinese loans mainly help construct infrastructures which are high quality assets," she said, adding that the BRI offers a shared future for mankind and a win-win situation for all.

Major General (retired) ANM Muniruzzaman, president of Bangladesh Institute of Peace and Security Studies (BIPSS), among others, took part in the webinar and said China has excellent startup knowledge that is what Bangladesh has to acquire now.

He sought more Chinese involvement in Bangladesh's economic development initiatives including the exploration of the almost untapped blue economy and said it's high time for China to start talks on subregional cooperation. Enditem

 

Indos

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Connection to China and ASEAN that can lower logistic cost is not a good idea when our own local industry is still in infant phase. With huge population, Bangladesh should protect their own market. Indonesia for instant doesnt want to connect Indonesia with ASEAN mainland through bridge over the sea. We rejected the idea and instead focus in building infrastructure inside the country to better connect market and industry within Indonesia.
 

Nike

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Connection to China and ASEAN that can lower logistic cost is not a good idea when our own local industry is still in infant phase. With huge population, Bangladesh should protect their own market. Indonesia for instant doesnt want to connect Indonesia with ASEAN mainland through bridge over the sea. We rejected the idea and instead focus in building infrastructure inside the country to better connect market and industry within Indonesia.

Look at India who put many barrier and close Border policy for trade, their economy is barely growing until they put capitalist and open the restriction on trade. There is little improvement for any society who put restriction on trade.

Should open Border and maintain free trade regime. Tariff only used to protect important sector, trade flow and better infrastructure will attract more wealth and Jobs creation.
 

SpaceMan18

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Look at India who put many barrier and close Border policy for trade, their economy is barely growing until they put capitalist and open the restriction on trade. There is little improvement for any society who put restriction on trade.

Should open Border and maintain free trade regime. Tariff only used to protect important sector, trade flow and better infrastructure will attract more wealth and Jobs creation.
So like EU ?

Sure I guess more jobs if Bangaldeshi leaders don't put their corruption over this
 

Nike

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So like EU ?

Sure I guess more jobs if Bangaldeshi leaders don't put their corruption over this
i thing free trade and open policy will create a transparent atmosphere for the Market. Thus with market demanding more transparent public policy and fairness in the deal, the chance for corruption to be happened will lesser. That's why, usually corrupt government usually will using barrier policy and protectionist policy as chance to gather more funds for themselves, there is more chance as people will trying to get access into the market by any means
 

Indos

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Look at India who put many barrier and close Border policy for trade, their economy is barely growing until they put capitalist and open the restriction on trade. There is little improvement for any society who put restriction on trade.

Should open Border and maintain free trade regime. Tariff only used to protect important sector, trade flow and better infrastructure will attract more wealth and Jobs creation.
India market until now is still better protected and India doesnt have FTA with any country and particularly they might have some sort of preferential trade agreement with European countries who have already let go much of labor intensified industry due to not competitive labor cost.

The reason India raises is the open up on foreign investment and also the world market open up due to WTO deal in 1995.
 

Dark1

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Bangladesh should be smart by using the India China rivalry and getting investment into Bangladesh.
No assured returns. If China wants to connect Bangladesh to the far east fine , but it should be on BOT basis. The Chinese should operate for 15 years . No federal guarantees or returns. Purely commercial investment.
If the investment fails , too bad , if it succeeds, the Chinese can earn profit for 15 years.
The route through India is not viable as i see a major conflict between India China in the next few years.
 

SpaceMan18

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Bangladesh should be smart by using the India China rivalry and getting investment into Bangladesh.
No assured returns. If China wants to connect Bangladesh to the far east fine , but it should be on BOT basis. The Chinese should operate for 15 years . No federal guarantees or returns. Purely commercial investment.
If the investment fails , too bad , if it succeeds, the Chinese can earn profit for 15 years.
The route through India is not viable as i see a major conflict between India China in the next few years.
I guess we're trying to do that
 

ghost250

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Bangladeshi State Minister for Foreign Affairs Shahriar Alam said that he looks forward to establishing direct road and rail links with China via Myanmar.

Speaking as the chief guest at a webinar "Bangladesh-China Development Cooperation: Experience Outlook" organised by the leading local thinktank Center for Policy Dialogue (CPD) on Thursday, he said, "We've formally approached the Chinese embassy in Dhaka for rail and road links between the two countries via Myanmar.
 

idune

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Rail and road links from Bangladesh to China through Myanmar
Published: 31 October 2020, 19:43



The Chinese embassy has been officially informed about the establishment of direct rail and road links between Bangladesh and China, according to a report by Chinese state media Xinhua.
This was stated by State Minister for Foreign Affairs Shahriar Alam while addressing a webinar titled 'Bangladesh-China Development Cooperation: Experiences and Perspectives' organized by the Center for Policy Dialogue (CPD), a research institute of Bangladesh, on Thursday (October 29).

In the webinar, speakers from both China and Bangladesh stressed the need to further strengthen relations between the two countries.
Chinese Ambassador to Bangladesh Li Jimming expressed hope for more investment cooperation in Bangladesh in high technology such as Five G telecommunications, high speed rail, aerospace and solar economy.
"I am very optimistic about the future of Chinese investment in Bangladesh," he said.
Speaking as the chief guest at the webinar, State Minister for Foreign Affairs Shahriar Alam said, "We have officially approached the Chinese Embassy in Dhaka for rail and road communication between the two countries through Myanmar."
Referring to the Belt and Road Initiative (BRI), he said it would make it easier for us to connect with other ASEAN countries.
The Silk Road Economic Belt proposed in 2013 and the 21st Century Maritime Silk Road (BRI) aimed to build a trade and infrastructure network between Europe and Africa with Asia along the ancient Silk Route.
Rejecting the allegation that China was caught in the 'debt trap', Shahriar Alam said that China had given a small portion of Bangladesh's total global debt.
Mentioning China's cooperation as a blessing for Bangladesh, he said that mutual cooperation between China and Bangladesh would be deepened in the future for the prosperity of the country.

Source:
 

mb444

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This would certainly be a positive move if it transpires.... the initiative is not new but have been raised and stalled by facist neanderthals next door.
 

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