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Bilateral Economic-Commercial Relations

 

In recent years, the commercial relations between China and Bangladesh have grown significantly, with cooperative-areas expanding. In 2003, bilateral trade volume was 1.098 billion US$, up 13.1%. China's export volume was 1.068 billion US$, up 11.6%, and import volume was 32million, up 93.8%.

The Joint Commission of Economic and Trade Cooperation between Bangladesh and China was established in Nov, 1983.In principal, the annual session is to be held in the two capitals by turn. Up to now, 10 sessions have been held.

The main items China imports from Bangladesh are leather, textiles and fishery products, and the main export items being textiles, mechanical-electrical products, cement, fertilizers, tyres, corn, etc.

Investment from China is flowing into Bangladesh.  There are over ------ Chinese projects totaling US $ ----------- million.  Another US$ ------- million is expected to be invested as contracts have been signed.  The Government of China also has completed a large number of infra-structure projects, which include important 'friendship bridges', highways, roads and an international conference centre.  China is now building fertilizer factories, developing coal mines and improving telecommunications through governmental and private sector agreements.

DPRK is also involved in a few important economic projects in Bangladesh such as hard rock mining, etc.

 
 
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