China has expressed its keen interest to invest in joint venture projects in Bangladesh, particularly in engineering and construction sectors, and sought necessary economic information.
"We seek your cooperation in going for joint venture investment in engineering and construction sectors," said Yu Ping, leader of a high-profile 27-member business delegation of China.
"We need necessary economic information to encourage our prospective investors to come to Bangladesh," Yu Ping, also vice-chairman of China Council for the Promotion of International Trade (CCPIT), told a meeting with Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) in Dhaka yesterday.
Describing the existing political relations between China and Bangladesh as 'very good', the delegation leader said this would encourage increased business cooperation on both sides.
"The visit of this delegation will undoubtedly create business opportunities between the two countries," he observed.
About the prevailing huge trade gap between China and Bangladesh, Yu Ping underscored the need for joint efforts of the business community and chambers of the both countries in reducing the gap.
Speaking on the occasion, FBCCI President Mir Nasir Hossain raised a few points that need to be addressed immediately for increasing bilateral trade and investment.
The veteran business leader urged the delegation to pursue their government for making the procedure of issuance of visa easier for the Bangladeshi business groups.
"Now it (visa issuance procedure) is difficult because we need invitation from a Chinese counterpart which often takes a long time and in some cases become impossible," he pointed out.
Nasir sought Chinese assistance in technology transfer to Bangladeshi entrepreneurs, especially in agricultural and light engineering sectors, so they can achieve competitive production capacity.
