Chinese entrepreneurs are increasingly inquiring with Bangladeshi businesses over scope for factory relocations, joint ventures and fresh investments, apprehending that the new Trump administration might further hike tariffs on their exports to the US.
There was an expectation that investment inflows from China to Bangladesh would increase substantially following the Covid-19 pandemic as investors in China were looking for an alternative manufacturing hub.
United Spinning will set up a dyed textile yarn manufacturing industry
Like Japanese and Chinese companies operating in Bangladesh, domestic firms as well as those from other countries are not happy with the overall business climate in the country, said a number of entrepreneurs, heads of chambers and experts.
Starting from difficulties in securing visa and work permits to opening and settling of letters of credit (LCs) and an unavailability of tax-related materials and booklets in English language, there are numerous hindrances that Chinese investors face in Bangladesh.
The Bangladesh Economic Zones Authority (Beza) has teamed up with Bangladesh China Chamber of Commerce and Industry (Bccci) to attract Chinese investment in the economic zones.
The China Council for the Promotion of International Trade signs deal with Bangladesh China Chamber
Newly-appointed Chinese Ambassador Yao Wen says in meeting with Planning Minister MA Mannan
Chinese entrepreneurs are increasingly inquiring with Bangladeshi businesses over scope for factory relocations, joint ventures and fresh investments, apprehending that the new Trump administration might further hike tariffs on their exports to the US.
There was an expectation that investment inflows from China to Bangladesh would increase substantially following the Covid-19 pandemic as investors in China were looking for an alternative manufacturing hub.
United Spinning will set up a dyed textile yarn manufacturing industry
Like Japanese and Chinese companies operating in Bangladesh, domestic firms as well as those from other countries are not happy with the overall business climate in the country, said a number of entrepreneurs, heads of chambers and experts.
Starting from difficulties in securing visa and work permits to opening and settling of letters of credit (LCs) and an unavailability of tax-related materials and booklets in English language, there are numerous hindrances that Chinese investors face in Bangladesh.
The Bangladesh Economic Zones Authority (Beza) has teamed up with Bangladesh China Chamber of Commerce and Industry (Bccci) to attract Chinese investment in the economic zones.
The China Council for the Promotion of International Trade signs deal with Bangladesh China Chamber
Newly-appointed Chinese Ambassador Yao Wen says in meeting with Planning Minister MA Mannan
