Chinese ambassador: About time Bangladesh, China signed FTA with investment deal

Out of around $12.09 billion bilateral trade in FY20, Bangladesh's export to China only accounted for $0.60 billion while imports from China added up to a mammoth $11.49 billion

Bangladesh and China should soon sign a comprehensive bilateral Free Trade Agreement (FTA) for boosting exports to the Chinese market, Chinese Ambassador to Bangladesh Li Jiming said on Wednesday.Speaking as a special guest, Jiming said both nations should consider an FTA combined with an investment deal.

The discussion, titled “Bangladesh-China Economic and Trade Relations in the aftermath of the COVID-19 Global Pandemic,” was organized jointly by Economic Reporters’ Forum (ERF) and Bangladesh China Chamber of Commerce and Industry (BCCCI).

Commerce Minister Tipu Munshi, who attended the virtual discussion as the chief guest, said though there has been some progress towards signing an FTA with China, more efforts are needed to conclude the negotiations and materialize the agreement.