Finance Minister AMA Muhith will lead a large business delegation to Beijing on August 21 for the latest China-Bangladesh Investment Forum.
A total of 300 policymakers, business executives and investors are set to discuss opportunities between the two countries at the seventh such forum to be co-hosted by City Bank and Standard Chartered.
China - the largest economy in the world according to the International Monetary Fund (IMF) - is also Bangladesh’s largest trading partner, with bilateral trade between the two nations growing at a steady pace. China is also a significant development partner for Bangladesh.
“Now that Bangladesh is in a development stage, Chinese businessmen would like to invest here more,” the economic and commercial counselor to the Chinese Embassy in Bangladesh, Li Guangjun, said at the announcement of the forum by City Bank and Standard Chartered Bank Bangladesh on Monday.
Li Guangjun added that the forum will focus on investment and bilateral trade between the two countries and the growing opportunities resulting from China’s One Belt One Road (OBOR) initiative.
Sohail RK Hussain, managing director and CEO of City Bank, said: “With increasing economic co-operation with China, Bangladesh can truly benefit from the opportunities arising out of the OBOR initiative.
“The forum would provide a platform for discussion on many important topics such as infrastructure, FDI, Financial and Capital Markets and more. The participants will have a valuable chance to learn more about the business environment in Bangladesh and the potential areas for cooperation.”
The chief executive officer of Standard Chartered Bank Bangladesh, Abrar A Anwar, said his institution was “keenly aware of the enormous potential” of the Bangladeshi economy.
“‘Through initiatives such as these, we hope to showcase this potential to the world and continue to be a partner in progress of the nation,” he said.
Lin Weiqiang, president, Chinese Chamber of Commerce in Bangladesh, said the initiative would play a “vital role” in trade and economic challenges.
“It is a good initiative for us. It would further develop economic growth with government to government cooperation between the countries,” he said.
The China-Bangladesh Investment Forum has been previously held in Singapore, Hong Kong and London.