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Bangladesh needs a more comprehensive bilateral FTA with China: Speakers

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Economic Reporters’ Forum (ERF) and Bangladesh China Chamber of Commerce & Industry (BCCCI) jointly organized a webinar with the topic Bangladesh-China Economic and Trade Relations in the aftermath of the COVID-19 Global Pandemic” on 9 June, Wednesday.

In the virtual meeting, Speakers put utmost importance on signing a comprehensive bilateral Free Trade Agreement (FTA) with China as it would have a positive impact on Bangladesh’s exports to that market and also to take full advantage of duty-free quota free (DFQF) access of Bangladeshi products to Chinese market.

Since China and Bangladesh formally established diplomatic relations on October 4, 1975, the friendly bilateral relations between the two countries have been developing in a sound and stable manner over the past years . China has become Bangladesh’s largest trading partner, and Bangladesh has become China’s second largest trading partner in South Asia

Commerce Minister Tipu Munshi attended the event as the chief guest while Chinese Ambassador to Dhaka Li Jiming, Executive Chairman of Bangladesh Investment Development Authority (BIDA) Md. Sirazul Islam, Bangladesh Ambassador to China, Mahbub Uz Zaman joined it as the special guests. Eminent Trade Economist Dr. Mohammad Abdur Razzaque presented the keynote paper. ERF President Sharmeen Rinvy and Joint Secretary General BCCCI, Al Mamun Mridha delivered welcome remarks. BCCCI President Gazi Golam Murtoza chaired the event while ERF General Secretary, S M Rashidul Islam moderated the function. Senior Vice President, BCCCI Brig. Gen. Shah Md. Sultan Uddin Iqbal offered the vote of thanks.