www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
Comment

Beijing's gift to Dhaka strengthens bonds

By Mohammad Saiyedul Islam | China Daily | Updated: 2025-04-02 00:00
Share
Share - WeChat

Muhammad Yunus, a Nobel Peace Prize winner and the chief adviser to Bangladesh's interim government, visited China from March 26 to 29, marking the beginning of a new chapter in Dhaka-Beijing relations. His visit yielded significant economic and social benefits for Bangladesh that promise to bolster the South Asian country's development and help improve the lives of millions of Bangladeshis.

For example, China will continue to offer duty-free and quota-free market access to Bangladeshi products until 2028, extending the trade benefits for two years after Bangladesh is likely to become a developing economy. At their March 28 talks, Chinese President Xi Jinping and Yunus highlighted the importance of mutual political support and the Belt and Road Initiative in promoting Bangladesh's development.

A joint news release issued by the two countries outlined the priorities for bilateral cooperation, including boosting infrastructure build-up in Bangladesh and aspects such as free trade and maritime cooperation. "The two sides underscored the importance to initiate negotiations on the China-Bangladesh Free Trade Agreement at an early date and officially start negotiations on optimizing the China-Bangladesh Investment Agreement," the statement said.

As the crescent moon at the weekend ushered in the joyous occasion of Eid al-Fitr, marking the end of Ramadan, Bangladeshi people celebrated not only their spiritual triumph but also the extraordinary goodwill gesture of China — a testament to the deepening ties between the two countries and Beijing's commitment to foster friendship and cooperation with Dhaka.

Beijing's decision to extend Bangladeshi goods' duty-free and quota-free access to the Chinese market even after it transitions from a least-developed country to a developing country is a lifeline for Bangladesh's export-driven industries, particularly its ready-made garment sector which employs millions of people and accounts for more than 80 percent of the country's total export earnings.

Beijing's decision is all the more welcome, especially because the European Union and other Western markets have indicated they may phase out duty-free access once Bangladesh achieves a developing nation status, posing a challenge to Bangladesh's more than $55 billion ready-made garment industry.

Moreover, China's openness to negotiating an FTA with Bangladesh presents an opportunity to diversify exports, because an FTA could open the door for pharmaceuticals, leather goods, jute products and agricultural exports, reducing the country's over-reliance on a single sector. That China is the world's second-largest economy will ensure the extended tariff-free access to Bangladeshi products will enable the country to remain competitive, create more jobs and sustain development.

Perhaps the most exciting outcome of Yunus' visit was his suggestion that some Chinese companies in sectors like garment, electric vehicle, light machinery, high-tech electronics and chip manufacturing, as well as solar photovoltaic panel industries relocate to Bangladesh, because it could be a game-changer for Dhaka. These labor-intensive and technology-driven sectors offer dual benefits: employment generation and skill enhancement. The suggested move, if it becomes reality, will not only create more jobs for Bangladesh's burgeoning workforce but also facilitate the transfer of valuable technology and expertise, which will enable Bangladesh to climb up the value chain and diversify its economy.

Bangladesh has long relied on foreign loans to finance its critical infrastructure projects. Beyond trade, the proposed development and livelihood projects, and free up resources which then can be diverted to boost education, healthcare and poverty alleviation initiatives.

Bangladesh has a huge trade deficit with China. According to data from 2024, it imported more than $22.9 billion worth of goods from China and exported goods valued at $677 million. To address this imbalance, China has agreed to import Bangladeshi mangoes, jackfruits, guavas and aquatic products starting this summer. Since agriculture remains a cornerstone of Bangladesh's economy, providing livelihoods for nearly half of its population, this initiative could reduce the massive trade imbalance between the two countries while opening up new export avenues for Bangladeshi farmers and fishermen.

Education takes center stage in Sino-Bangladeshi relations. China's promise to provide scholarships to more Bangladeshi students will help the younger generation access world-class learning opportunities. Education is the foundation of sustainable development, and increasing access to high-quality education abroad will equip young Bangladeshi minds with the tools needed to boost development back home.

As Bangladesh pushes toward digitalization and advanced manufacturing, the authorities need to build a rich pool of high-tech talents, which they can achieve by employing youths returning to Bangladesh after having completed their higher studies in science and engineering at top Chinese universities.

For millions of Bangladeshi farmers, manufacturers and entrepreneurs, China's cooperation is akin to receiving a priceless Eid gift, as it creates for them more export opportunities, helps consolidate economic stability, and promotes prosperity and people's wellbeing.

China's decision is more than just diplomatic courtesy; it reflects China's genuine understanding of Bangladesh's aspirations. As a reliable partner, China has invested in Bangladesh's development. In this respect, China's is a more extensive strategic collaboration than a ceremonial exchange, especially as this year marks 50 years of the establishment of diplomatic ties between the two sides.

The author is a senior lecturer and researcher at the School of Overseas Education (School of Foreign Languages), Sanming University, Fujian province, and a senior research fellow at Daffodil International University Belt and Road Research Centre in Bangladesh.

The views don't necessarily reflect those of China Daily.

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 97精品国产福利一区二区三区 | 国产成人av性色在线影院 | 精品欧美一区二区三区免费观看 | 成人欧美视频在线观看播放 | 免费观看成人久久网免费观看 | 国产午夜永久福利视频在线观看 | 久久五 | 成人污网站 | 亚洲男人的天堂久久无 | 在线免费观看一级片 | 日本不卡一二三区 | 九九九九视频 | 欧美日韩国产一区二区三区在线观看 | 欧美人在线 | 亚洲国产精品久久久久秋霞不卡 | 多人伦精品一区二区三区视频 | 高清一区二区 | 被老外玩爽的中国美女视频 | 亚洲欧美日韩综合久久久久 | 亚洲午夜网站 | 国产日韩亚洲不卡高清在线观看 | 久久欧美精品欧美久久欧美 | 日本成年人视频网站 | 日韩 国产 欧美视频一区二区三区 | 国产91在线 | 亚洲 | 欧美成人精品一区二区三区 | 国产中文字幕在线免费观看 | 国产成人女人视频在线观看 | 国产一区影视 | 韩国免费特一级毛片 | 成人国产精品久久久免费 | 国产国产成人精品久久 | 日韩欧美国产视频 | 亚洲天堂中文网 | 国产成人综合网在线播放 | 香蕉超级碰碰碰97视频在线观看 | 毛片免费全部免费观看 | 久久国产精品一区二区三区 | 手机看片国产在线 | 中文在线三级中文字幕 | 免费一级毛片麻豆精品 |