DOT Desk: Despite getting almost 98 per cent duty-free market access, Bangladesh is yet to reap full benefits of Chinese market facilities, according to experts, reports Business Post.
“Bangladesh is failing to enjoy the opportunities due to lack of export promoting activities, building a solid B2B linkage, establishing a local presence, and participating in online sales,” said experts.\
They suggested signing a trade agreement to boost Chinese investment-backed export expansion and focusing on diversified and quality products.
The observations were made during a seminar titled – Making the Most of Market Access in China: What Needs to be Done? – jointly organized by Bangladesh China Chamber of Commerce and Industry (BCCCI) and Research and Policy Integration for Development (RAPID) at Pan Pacific Sonargaon in Dhaka on Wednesday.
Speaking at the event, Ambassador of China to Bangladesh Li Jiming hoped that Bangladesh would be a member of Regional Comprehensive Economic Partnership (RCEP) soon which will help Bangladesh to promote export and welfare through trade and investment facilitation.
“Chinese commercial bank can be set up in Bangladesh for financial cooperation and enhancing trade relationship between China and Bangladesh,” he added.