The visit of Bangladesh’s caretaker government head, Mohammad Yunus, to China has given a new dimension to trade relations between the two countries. During his participation in the Boao Forum for Asia’s annual conference, Yunus met with Chinese Vice Premier Ding Xuexiang, where they discussed bilateral trade and investment opportunities.

Expansion of Trade Relations:

• Mango and Jackfruit Exports: China has shown keen interest in importing fruits like mangoes and jackfruit from Bangladesh. By 2028, Bangladeshi products will be allowed duty-free and quota-free access to China. Last year, China signed an agreement to import mangoes from Bangladesh, and mango exports will begin this summer.
• Financial Assistance: China has pledged financial assistance for the purchase of four maritime vessels for the Bangladesh Shipping Corporation.
• Loans and Investments: Bangladesh has requested to reduce the interest rate on Chinese loans from 3 percent to 1-2 percent and to promote Chinese investment.

Strategic Importance:

China and Bangladesh have completed 50 years of diplomatic relations. On this occasion, both countries have expressed their desire to strengthen investment, trade, and cultural exchange. Bangladesh has expressed pride in being the first South Asian country to join China’s Belt and Road Initiative.

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