DCCI for reducing trade gap with China

Dhaka Chamber of Commerce and Industry (DCCI) urged Chinese investors to come up with more investment in Bangladesh as well as reduce trade gap with the country.

DCCI made the call while a 14-member trade delegation from Yunnan Provincial Federation of Industry and Commerce (YPFIC), China met Monday with DCCI leaders at DCCI, said a press release.

The Chairman of YPFIC, China Yu Dingcheng led the Chinese delegation.

DCCI President Hossain Khaled urged the Chinese entrepreneurs to find out right partner for joint ventures in Bangladesh and help it grow.

Mentioning infrastructure, pharmaceuticals, real-estate, leather, tourism, ship-building, ICT, RMG as some major sectors for investment opportunities in Bangladesh, he invited the Chinese businessmen to grab this billion dollar opportunity.

In 2014-15, Bangladesh exported goods to China worth $791 million whereas imported goods from China worth $ 8232 million which shows a manifold trade gap between Bangladesh and China exists.

Khaled also urged the Chinese investors to invest in power sector as Bangladesh has a target to generate 24,000 mega watt of electricity by the year 2021.

Terming Bangladesh as an emerging country especially for investment, Yu Dingcheng said Chinese entrepreneurs are already in Bangladesh and more Chinese companies are willing to invest in Bangladesh.

"We are interested to explore potential investment opportunity of medical industry, pharmaceuticals, real-estate and building materials sector in Bangladesh", said Yu Dingcheng.

He opined Bangladeshi and Chinese entrepreneurs could jointly arrange a product exhibition either in Bangladesh or in China to promote exportables of both sides.

Source: Bangladesh Sangbad Sangstha (BSS)