Sheikh Hasina calls for balancing trade gap with China

Beijing: Bangladesh Prime Minister Sheikh Hasina has said that the trade gap with China needs to be balanced to achieve prosperity.

During her speech at a seminar on Socio-Economic Achievements of Bangladesh in Recent Years and Partnership with China at China Institute of International Studies (CIIS) in Beijing, she said, “Our trade reflects Bangladesh’s import of goods of over US 6 billion dollars from China and exports of less than half a billion dollars to China. This trade gap needs to be balanced”, Bangladesh’s Daily Star reported.

In a bid to woo Chinese investors, she added, “I know that we shall succeed with the help and support of our friends, especially the government and the people of the Republic of China”.

Hasina also claimed that Bangladesh is an “investment-friendly country” as it offers the “most liberal investment opportunities in South Asia”, featuring 100 percent foreign equity with unrestricted exit policy, easy remittance of royalty, repatriation of profits and protection of foreign investments.

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