China would facilitate more investment by its companies and small and medium enterprises (SMEs) in Bangladesh, according to Chinese ambassador to the country Zhang Zuo. While meeting Dhaka Chamber of Commerce and Industry (DCCI) President Osama Taseer recently, Zhang said the Embassy of China in Bangladesh will work closely with DCCI to facilitate this process.

In 2017-18, China’s foreign direct investment (FDI) in Bangladesh, which has immense potential in blue and coastal economy, increased and China has invested more in Bangladesh than any other country, a DCCI press release quoted Zhang as saying.

Around 200 large Chinese companies and 200 Chinese SMEs are operating in Bangladesh, he said.

He invited DCCI members to participate in the Shanghai Import and Export Fair 2019 in November.

The bilateral trade between both the nations in fiscal 2017-18 was $12.40 billion.

DCCI sought Chinese FDI for RMG product diversification and allied technology transfer and urged for quick implementation of duty-free and quota-free market access for Bangladesh. (DS)

Fibre2Fashion News Desk – India

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