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DCCI seeks PRC investment in high-end apparel, leather

Sep '19
Pic: Dhaka Chamber of Commerce & Industry
Pic: Dhaka Chamber of Commerce & Industry
The Dhaka Chamber of Commerce & Industry (DCCI), in a recent meeting with a visiting 11-member Chinese trade delegation, informed the Chinese side that Bangladesh’s agro-processing sector is seeking investments from the latter. It also sought Chinese investment in high-end apparel, backward linkage of pharmaceuticals, and the leather and footwear sector.

DCCI hosted an effective business-to-business matchmaking between the Chinese delegation and their Bangladeshi counterparts to boost bilateral trade.

Zhao Yanqing, chairman of Liaoning Federation of Industry and Commerce led the Chinese delegation. Acting president of DCCI Waqar Ahmad Choudhury chaired the bilateral talks, according to a DCCI release.

During 2017-18, bilateral trade of Bangladesh and China was about $12.40 billion, which was 13.85 per cent of the total trade of Bangladesh, Choudhury said.

The trade deficit with China reached $11 billion in 2017-18. Foreign direct investment inflow from China to Bangladesh reached to $1.03 billion, mostly in power, apparel and financial sectors, he informed.

Yanqing invited Bangladeshi investors to invest in the Liaoning province to tap the export market of Korea, Japan and Mongolia. (DS)

Fibre2Fashion News Desk – India

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September 2019

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