Chinese trade team due in city next week
Thursday, 19 July 2007
A Chinese official delegation, led by Assistant Minister for Commerce Wang Chao, will arrive in the city Saturday with trade and investment high on its agenda, reports UNB.
Concerned ministry officials said, the Chinese delegation would explore ways of reducing the yawning trade gap between Dhaka and Beijing, particularly by phasing more products from Bangladesh to their market.
Besides, a memorandum of understanding (MOU) will also be signed to set up a trade centre with the Chinese government's assistance.
The Chinese assistant minister is likely to call on Finance and Commerce Adviser Mirza Azizul Islam and hold meetings with commerce and ERD secretaries.
Sources said, the two-way trade between the countries stood at $3.2 billion (320 crore) in 2006, with the balance heavily tilted towards China. Last year China's export to Bangladesh was worth over $3.0 billion against Bangladesh's insignificant export amounting only to about $98.0 million.
Concerned ministry officials said, the Chinese delegation would explore ways of reducing the yawning trade gap between Dhaka and Beijing, particularly by phasing more products from Bangladesh to their market.
Besides, a memorandum of understanding (MOU) will also be signed to set up a trade centre with the Chinese government's assistance.
The Chinese assistant minister is likely to call on Finance and Commerce Adviser Mirza Azizul Islam and hold meetings with commerce and ERD secretaries.
Sources said, the two-way trade between the countries stood at $3.2 billion (320 crore) in 2006, with the balance heavily tilted towards China. Last year China's export to Bangladesh was worth over $3.0 billion against Bangladesh's insignificant export amounting only to about $98.0 million.