CA urges Chinese cos to invest in Bangladesh

---

Chief Adviser (CA) Dr Fakhruddin Ahmed Wednesday offered an open-arm invitation to the Chinese companies to invest in various potential sectors of Bangladesh, assuring them of basic infrastructure facilities and fair and equitable treatment, reports UNB from Beijing.
The head of the caretaker government made the offer while addressing a meeting with business leaders of China at Diaoyutai State Guest House.
"Investment for Chinese investors in Bangladesh is open in all areas. Apart from industries, Chinese investors are also welcome in power, communication, road transport and mass transport in Dhaka city," he said.
Referring to the Investment Promotion and Protection Agreement and the Agreement on Avoidance of Double Taxation signed between Bangladesh and China, Dr Fakhruddin said that under the agreements, the government accords fair and equitable treatment to Chinese investors who will enjoy full protection and security in Bangladesh.
Representatives from 14 companies and business houses, including Jiangsu Redbud Dyeing Technology Company, China National Complete Plant Import and Export Corporation, China Machinery Import and Export Corporation, China Texmatech Co, Huawei Technologies Co, Shijiazhuang Guangming Shoes Industry, Sino-coal International Engineering Designing and Research Institute, ZTE Corporation and Beiqi Foton Motor Co, attended the meeting.
Some of the business leaders who attended the meeting already have investment and businesses in Bangladesh.
After the opening statement of the Chief Adviser, a number of representatives of different business companies and houses wanted to know about potentiality, government policy and other business related matters.
Dr Fakhruddin said the government has recently decided to set up special economic zones, and China will be welcome for setting up exclusive special economic zone in the country.