China grants over USD 10 mn aid to Bangladesh
China has announced a major aid of $10.5 million to Bangladesh, and ordered over $53 million worth of goods from the country to address Dhaka's concerns of growing trade imbalance with the Communist giant.
By PTI |
BEIJING: China has announced a major aid of $10.5 million to Bangladesh, and ordered over $53 million worth of goods from the country to address Dhaka's concerns of growing trade imbalance with the Communist giant.
China and Bangladesh will work jointly to promote the bilateral economic relations and trade cooperation, particularly to solve the imbalance problem and to encourage investment, Chinese Assistant Minister of Commerce Wang Chao said.
Wang, currently leading a Chinese business delegation to Dhaka met with Bangladesh's Finance and Commerce Advisor Azizul Islam, and the two sides expressed their desire to promote bilateral relations.
He said both countries have made great progress in bilateral economic relations with a rapid growth of trade between the two countries.
It reached a record level of about $3.19 billion in 2006, which was 28.5 per cent higher than the previous year, with Bangladesh's export to China amounting only about $98.8 million, a news agency reported today.
China has granted tariff-free access to 84 items of commodities from Bangladesh within the framework of the Asia-Pacific Trade Agreement(AFTA), Islam said. He hoped more items like jute products, leather and textile can enjoy free duty in the future.
Wang said China has paid much attention to the economic relations and trade cooperation with Bangladesh.
China and Bangladesh will work jointly to promote the bilateral economic relations and trade cooperation, particularly to solve the imbalance problem and to encourage investment, Chinese Assistant Minister of Commerce Wang Chao said.
Wang, currently leading a Chinese business delegation to Dhaka met with Bangladesh's Finance and Commerce Advisor Azizul Islam, and the two sides expressed their desire to promote bilateral relations.
He said both countries have made great progress in bilateral economic relations with a rapid growth of trade between the two countries.
It reached a record level of about $3.19 billion in 2006, which was 28.5 per cent higher than the previous year, with Bangladesh's export to China amounting only about $98.8 million, a news agency reported today.
China has granted tariff-free access to 84 items of commodities from Bangladesh within the framework of the Asia-Pacific Trade Agreement(AFTA), Islam said. He hoped more items like jute products, leather and textile can enjoy free duty in the future.
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Wang said China has paid much attention to the economic relations and trade cooperation with Bangladesh.
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