CHINESE PRESIDENT JINPING PROMISES TO CUT TRADE DEFICIT WITH BANGLADESH
President Xi Jinping has assured Sheikh Hasina China will take measures to reduce the huge trade gap with Bangladesh.
State-run news agency BSS reported that the two leaders met on the sidelines of the United Nations General Assembly at Waldorf Astoria hotel in New York on Saturday evening.
Briefing journalists on the meet, Hasina’s Press Secretary Ihsanul Karim said she informed Jinping of her government’s decision to allocate 774 acres of land in Chittagong to set up a Chinese Special Economic Zone (SEZ).
He said the Chinese president lauded Bangladesh’s ‘rapid’ socioeconomic growth and said his country considered Bangladesh an important cooperation partner and Hasina as one of their best friends.
According to the agency, Jinping pointed out the scope of further cooperation in trade, economy, communication and education.
He also assured Hasina they would be importing more jute products from Bangladesh.
At the end of fiscal 2014-15, Bangladesh’s trade deficit with China was $7.43 billion. Bangladesh imported $8.22 billion worth of goods from China and exported goods worth only $799 million.
The Chinese president hailed the active participation of the prime minister in construction of the BCIM corridor in the region, according to the BSS report.
Hasina advocated duty-free access of more Bangladesh products to Chinese market and relaxation of the APTA Rules of Origin.
Finance Minister Abul Maal Abdul Muhith, Foreign Minister AH Mahmood Ali, PM’s Advisor on International Affairs Gowher Rizvi, State Minister for Foreign Affairs Shahriar Alam and Dipu Moni, MP, were present.
SEPTEMBER 26, 2015