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China has sought stable policies for longer term, including those on taxes and custom duties, to avoid uncertainty as investors from the world’s second-largest economy look to broaden their footprint in Bangladesh and relocate factories.
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Foreign companies, especially machinery and raw materials suppliers, see huge growth potential in Bangladesh’s rapidly rising ceramics sector.
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China will sign agreements by next June to provide $2.13 billion in loans for two more projects, including one on the construction of the Dhaka-Ashulia elevated expressway.
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The Bangladesh-China joint working group will sit for its first meeting next week, incorporating a new agenda centring Beijing’s interest in investment and trade, to devise ways for expediting implementation of China-funded projects.
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Just 20 years ago, it was beyond imagination that bodies of buses and trucks would be built in Bangladesh. But companies like Aftab Automobiles stepped forward and made it possible by establishing automobile workshops.
