To expand business cooperation between entrepreneurs of Bangladesh and China, the Dhaka Chamber of Commerce and Industry (DCCI) signed Memorandum of Cooperation (MoCs) with three leading Chinese Chambers in Guangdong, China.
The Chinese Chambers signing the MoCs are - Guangdong Chamber of Commerce of Importers and Exporters (GDCCIE), China Chamber of Commerce for Import and Export of Machinery and Electronics Products (CCCME), and Guangzhou Chamber of Commerce for Outbound Business, according to BSS report.
Senior Vice President of DCCI and leader of the delegation Razeev H Chowdhury and the representatives of respective Chinese Chambers signed the MoCs on behalf of their organizations, said a DCCI press release.
Additionally, members of the visiting DCCI delegation to China participated in the "Trade Bridge-Bangladesh Matchmaking Event" held at the China Foreign Trade Centre during the 139th Canton Fair on Saturday.
They engaged in B2B sessions and exchanged information with approximately 270 Chinese companies during the visit.
Speaking at the scheduled business discussion session, Razeev H Chowdhury stated that China is one of the driving forces of global trade and a leading producer of various goods.
Like many other countries, a significant portion of Bangladesh's imports comes from China, amounting to approximately US$18 billion in the last fiscal year.
He further noted that China is the fifth-largest foreign investor in Bangladesh, with Chinese entrepreneurs already investing around US$1.7 billion across various sectors.
He highlighted that there is immense potential for bilateral cooperation and investment in sectors such as agro-processing, infrastructure development, renewable energy, shipbuilding, automotive, light engineering, semiconductors, and high-tech industries.
He also emphasized that entrepreneurs from both countries could benefit from innovative partnerships in areas such as startups, fin-tech, agri-tech, artificial intelligence, robotics, biotechnology, healthcare, pharmaceuticals, and supply chain technologies.
