The New Nation - Internet Edition

The Dhaka Chamber of Commerce & Industry (DCCI) organised a business meeting with the 21-member delegation from China Chamber of Commerce for Import and Export of Textiles (CCCT) on March 11 at the DCCI auditorium.

DCCI Acting President Salahuddin Abdullah chaired and conducted the business meeting. The objective of the meeting were to explore investment possibilities in Bangladesh and enhance trade and economic cooperation between Bangladesh and China.

In his welcome address, DCCI Acting President mentioned that in 2006-07 Bangladesh exported products worth of about US$93 million to China against import of US$ 2534 million. Trade gap is US$ 2441 million. Since Bangladesh has competitiveness in RMG sector, China-Bangladesh Cooperation can work better if Chinese investment for establishing backward linkage industries in the field of textile and clothing can be attracted. Bangladesh has made excellent progress in the knitwear sector also, Chinese cooperation can give further boost to this sector. Jute-based textiles can also be to explored for further expansion.

Leader of the Chinese delegation and CCCT Vice-Chairman Cao Xin Yu assured DCCI all cooperation and supports for setting up textile and textile related industries in Bangladesh. In his speech, he informed that this 21-member delegation include respectively from 10 large textile companies who have reputation in manufacturing fabric, chemical and textile machineries at world standard level. They want to set up fabric manufacturing, textile machineries and chemical industries in Bangladesh. Among others, DCCI Vice-President Khandaker Shahidul, DCCI Directors and a large number of concerned businessmen were present in the meeting.