CHINA BANGLADESH TRADE

CHINA EMBRACES BANGLADESH IN TRADE 

China has announced tariff exemption for 97 % of exports from Bangladesh

Beijing ‘s decision came a month after Prime Minister Sheikh Hasina and President Xi Jinping discussed enhancing bilateral relation

“As part of our economic diplomacy, Bangladesh had written to China to exempt our export items from tariffs. In response to this China’s State Council Tariff Commission has issued a notification recently. Bangladesh in among the Least Developed Countries (LDCs) and that is why this decision was taken by China”

Emerge as a possible beneficiary alongside Vietnam and Chile of the U.S. – China trade war

“Bangladesh already receives tariff – exemption for 3, 095 items under the Asia Pacific Trade Agreement (APTA)

As a result of the latest announcement, a total of 8,256 goods from Bangladesh will be exempted of Chinese tariffs

Bangladesh–China Friendships: Bangladesh has an embassy in Beijing and consulates in Hong Kong and Kunming. China has an embassy in Dhaka

According to Chinese government designations, Bangladesh and China are "strategic partnership of cooperation"

Chinese premier Zhou Enlai visited East Pakistan several times in the 1950s and 60s

China and Bangladesh established diplomatic relations in January 1976

By the mid-1980s, China had forged close military, commercial and cultural ties with Bangladesh and also supplied it with military aid and equipment

Bangladesh-China friendship bridge was constructed and inaugurated over river Buriganga connecting Dhaka and Munshiganj by the Chinese 

On 4 October 2000, the Government of Bangladesh issued a postal stamp marking the 25th anniversary of the establishment of Bangladesh-China diplomatic relations

In 2002, the Chinese Premier Wen Jiabao made an official visit to Bangladesh and both countries declared 2005 as the "Bangladesh-China Friendship Year"

According to Chinese government designations, Bangladesh and China are "strategic partnership of cooperation"

 

Bangladesh is third largest trade partner of China in South Asia 

Under the auspices of the Asia-Pacific Free Trade Agreement (AFTA), China removed tariff barriers to 84 types of commodities imported from Bangladesh 

China's imports raw materials from Bangladesh like leather, cotton textiles, fish, etc. China's major exports to Bangladesh include textiles, machinery and electronic products, cement, fertiliser, tyre, raw silk, maize, etc.

Bangladesh depend on Chinese military supplies 

Both countries are members of the BCIM Forum (Bangladesh-China-India-Myanmar Forum for Regional Cooperation).