personal opinion bro i think bd's best balance act should be between USA and china.
ecnomic and trade deals with USA that will favour bd and keep buying higer and sophisticated weopons from china and also use USA to help BD achieve its goals in the international arena.
just my line of thought ,
what i am saying is that BD must not lose the chinese under any circumstance
That is what I was trying to convey - we need to have “balance” while protecting our interest. Trade and investment with US is not that good experience.
Let’s consider history for US trade and investment engagement for review:
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1) Bangladesh still pay 14-15% tax on RMG for US market. TIFA and other condition US pushing Bangladesh to agree on will vastly diminish Bangladesh competitive advantage on export thus will be net loss in the long run. Besides, US already killed WTO initiatives led by Bangladesh to grant least developed countries favorable market access. US intention is to use this trade deal as leverage on political or policy change. At the end Bangladesh stand to lose more. So over dependence on US market is a very detrimental to our overall trade, economy and policy.
Side Note: That is not to say Bangladesh should not improve wage and living condition of garments and other workers. Rather we need to set target at different stages.
2) Historically US investment in infrastructure development in Bangladesh is dismal and that is where Bangladesh needs most investment.
3) US investment in energy sector is modern day plundering compare to percentage Bangladesh would get from explored resources if we had chosen Chinese or even Russian companies. Besides, with any mishap, US had and will use its superpower status to force Bangladesh not to pursue any contractual and legal remedy.
4) Besides, Bangladesh economy is not at the level where we can engage with US business in more beneficial ways.
Now compare that with engagement with China
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1) Bangladesh has duty free access to Chinese market, waiting to be explored.
2) Unlike US NO interference, no string or over burden imposed by China for trade and investment.
3) Chinese companies are increasingly looking into Bangladesh for investment, provided we can facilitate land requirements.
4) Chinese trade and investment outlook and policy matches with Bangladesh outlook and goals.
5) China had already done immense infrastructure development in Bangladesh.
6) China had been ready to build deep sea port in Bangladesh for last 4 years.
7) China provides almost all defense equipment and armament for Bangladesh.
You can see where we have been and will have more benefit for the country. Yes, we have to strike "some sort of balance" but that balance has to have biased towards our benefit.