Beijing, China—China and Bangladesh have announced the successful completion of a joint feasibility study on a potential Free Trade Agreement (FTA), marking a significant milestone in their bilateral relations. The two nations have agreed to commence negotiations on upgrading their bilateral investment agreement, aiming to strengthen economic cooperation and enhance trade relations.
The announcement was made following a meeting in Beijing between Chinese Premier Li Qiang and Bangladeshi Prime Minister Sheikh Hasina. The leaders witnessed the signing of multiple bilateral cooperation documents covering areas such as policy exchange, economy, trade and investment, digital economy, inspection and quarantine, healthcare, education, and media. They also agreed to designate 2025 as the China-Bangladesh People-to-People Exchange Year, highlighting a commitment to deepen cultural and interpersonal ties.
Premier Li emphasized the steady development of China-Bangladesh relations over the past five decades, expressing China’s willingness to align development strategies with Bangladesh. “China is eager to advance high-quality Belt and Road cooperation, strengthen infrastructure development collaboration, and promote balanced growth in bilateral trade,” Li stated. He underscored the importance of cooperation in new energy, digital economy, and industrial parks to infuse new momentum into both countries’ modernization efforts.
Li also expressed China’s support for Chinese enterprises seeking to enhance industrial investment cooperation with Bangladesh. “We hope that Bangladesh will provide a conducive environment for Chinese enterprises operating within its borders,” he added. Li highlighted the significance of strengthening communication and coordination in multilateral arenas to oppose hegemonism and power politics, thereby safeguarding international fairness and justice alongside the common interests of developing countries.
Prime Minister Hasina conveyed appreciation for China’s longstanding support, noting China’s remarkable development achievements as an example for other developing nations. She reaffirmed Bangladesh’s firm support for the one-China policy and China’s efforts to safeguard its core interests. With the upcoming 50th anniversary of diplomatic ties, Hasina expressed Bangladesh’s willingness to maintain closer high-level exchanges, enhance governance experience sharing, and deepen mutually beneficial cooperation in economy, trade, infrastructure, and finance.
Hasina also emphasized Bangladesh’s continued active participation in the Belt and Road Initiative, aiming to strengthen cooperation with China on international multilateral affairs and promote further all-round development of bilateral relations. “We are committed to safeguarding world peace and stability,” she affirmed.
The completion of the FTA feasibility study and the agreement to begin negotiations signify a forward step in fostering stronger economic and strategic ties between China and Bangladesh. The initiatives are expected to boost trade, enhance investment opportunities, and contribute to regional economic growth and development.
Reference(s):
cgtn.com
