The ‘China-Bangladesh Conference on Investment & Trade’ concluded yesterday with a renewed focus on strengthening economic ties, particularly within the rapidly expanding textile and apparel sector. Jointly organized by the governments of Bangladesh and China, the event underscored Bangladesh’s strategic geographic location and skilled workforce as key attractions for Chinese investors. This year also marks the 50th anniversary of the enduring friendship between the two nations.
A central highlight of the summit was the technical session on ‘Textile and Apparel,’ held at the Multipurpose Room in Biniyog Bhaban, Agargaon. Experts discussed topics such as innovation, sustainability, and global market trends, reaffirming Bangladesh’s position as an ideal investment destination. Speakers praised the country’s liberal investment policies and robust growth across various sectors. Notably, China emerged as one of the top sources of Foreign Direct Investment (FDI) in Bangladesh in 2024.
A notable announcement was made by a leading Chinese textile firm, revealing plans to invest US $ 100 million in Bangladesh’s spinning industry. This move signals growing confidence among Chinese businesses in Bangladesh’s market potential and aligns with the nation’s goals to collaborate with China, a global manufacturing giant.
Discussions also highlighted the complementary strengths of both countries. While China excels in high-end textile manufacturing, Bangladesh leads the world in textile and apparel exports. The recent upgrades in Bangladesh’s textile infrastructure and its position as the 5th largest yarn importer globally were emphasized as significant opportunities for collaboration. The summit also acknowledged the impact of US trade restrictions on global supply chains, stressing the importance of balanced trade relationships.
According to the Bangladesh Investment Development Authority (BIDA), Chinese investors have shown strong interest in key sectors such as textiles, renewable energy, electronics, and agribusiness.
The conference was held in Dhaka and jointly organized by BIDA and the Bangladesh Economic Zones Authority (BEZA). Chinese Commerce Minister Wang Wentao, who is currently visiting Bangladesh, reiterated China’s commitment to supporting Bangladesh’s export capacity and promoting integrated development of trade and investment. He emphasized the importance of maintaining multilateral trading systems and injecting stability into the global economy.
Minister Wang also highlighted the ongoing development of the China-Bangladesh comprehensive strategic partnership, pledging continued cooperation in trade, e-commerce, production, supply chains, and investment. Reflecting on the 50 years since diplomatic relations were established, he praised the mutual support, equality, and cooperation that have characterized the relationship between the two nations.
The summit underscores a shared vision to deepen economic cooperation and unlock new opportunities, particularly in the textile and apparel sectors, which are poised to be game changers for Bangladesh’s economic growth.
