Chinese team in city to explore RMG outsourcing
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China moves to ease visa system for Bangladeshis
Labour-intensive industries here interest Chinese investors
Published : Friday, 07 December 2012
FE Report
Chinese Ambassador in Dhaka Li Jun Thursday said his country was contemplating easing the visa procedure for Bangladeshi citizens to enter China.
"We have sent all the documents concerned to China and the authorities there wanted to meet with their Bangladeshi counterparts," he said while speaking at a seminar.
The Entrepreneur Development Forum (EDF) of BRAC University organised the seminar on "Chinese Economy and China-Bangladesh Relationship.
Saying that over 100 investors of his country are now visiting Dhaka, he said Chinese businesses want to invest in Bangladesh's labour-intensive industries like ready-made garments and electronics.
"Bilateral trade between the two friendly countries is heavily tilted to China" he said adding China is trying to increase imports from Bangladesh. "China has offered zero tariffs to 4700 products of Bangladesh so that the export volume could rise."
He also said it could be possible only through large-scale Chinese investment in Bangladesh.
Speaking as the Chair, Former Adviser of Caretaker Government Mirza AB Azizul Islam said China could help Bangladesh by mobilising capital, goods and services and labour to ensure a win-win trade relationship. He also said the capital mobilisation involves physical connectivity.
Mirza AB Azizul Islam said China could develop Bangladesh's poor infrastructure in their interest so that they could invest here.
He also urged Bangladeshi businesses to do research on Chinese customers' need so that they could design products to meet their demand.
Executive Director of Policy Research Institute Ahsan H Mansur said Bangladesh should utilise the advantage of development in China, the regional economic giant.
He said China could import labour from Bangladesh as the number of elderly citizens in China is on the rise compared to the young population.
Dr. Saleh Uddin, Managing Editor, of The Daily Star said China had been and would always remain friend of Bangladesh.
Professor Mamun Rashid, Director of BRAC Business School, delivered the welcome speech while Sohana Wadud Ahmad, lecturer of the School gave vote of thanks.
Financial Express :: Financial Newspaper of Bangladesh
Labour-intensive industries here interest Chinese investors
Published : Friday, 07 December 2012
FE Report
Chinese Ambassador in Dhaka Li Jun Thursday said his country was contemplating easing the visa procedure for Bangladeshi citizens to enter China.
"We have sent all the documents concerned to China and the authorities there wanted to meet with their Bangladeshi counterparts," he said while speaking at a seminar.
The Entrepreneur Development Forum (EDF) of BRAC University organised the seminar on "Chinese Economy and China-Bangladesh Relationship.
Saying that over 100 investors of his country are now visiting Dhaka, he said Chinese businesses want to invest in Bangladesh's labour-intensive industries like ready-made garments and electronics.
"Bilateral trade between the two friendly countries is heavily tilted to China" he said adding China is trying to increase imports from Bangladesh. "China has offered zero tariffs to 4700 products of Bangladesh so that the export volume could rise."
He also said it could be possible only through large-scale Chinese investment in Bangladesh.
Speaking as the Chair, Former Adviser of Caretaker Government Mirza AB Azizul Islam said China could help Bangladesh by mobilising capital, goods and services and labour to ensure a win-win trade relationship. He also said the capital mobilisation involves physical connectivity.
Mirza AB Azizul Islam said China could develop Bangladesh's poor infrastructure in their interest so that they could invest here.
He also urged Bangladeshi businesses to do research on Chinese customers' need so that they could design products to meet their demand.
Executive Director of Policy Research Institute Ahsan H Mansur said Bangladesh should utilise the advantage of development in China, the regional economic giant.
He said China could import labour from Bangladesh as the number of elderly citizens in China is on the rise compared to the young population.
Dr. Saleh Uddin, Managing Editor, of The Daily Star said China had been and would always remain friend of Bangladesh.
Professor Mamun Rashid, Director of BRAC Business School, delivered the welcome speech while Sohana Wadud Ahmad, lecturer of the School gave vote of thanks.
Financial Express :: Financial Newspaper of Bangladesh
Hammer-fist
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China, Japan and South Korea true friends of Bangladesh.
Let us look east and not west.
Let us look east and not west.
damiendehorn
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Imagine a market for our RMG the size of China's with 1.35 billion people. With per capita GDP nearly $8500 (ppp) already, and with their growth rates that's gonna be a huge market. Right now they are the worlds largest exporter of RMGs to the world, but as their income goes up, they will move away from this sector, making room for Bangladesh and Vietnam.
That is good move. After 7 years of drifting away from first "look east" initiative, we are coming to realize who are our real friends and where our trade, economic and strategic interests will be taken care of.
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