Coming 3-5 years to see 'high wave' of Chinese investment to Bangladesh
The Daily Star/Asia News Network
September 29, 2012, 12:01 am TWN
DHAKA -- There will be a "high wave" of Chinese investment in Bangladesh in the next three to five years, the Chinese ambassador to Bangladesh said yesterday. Rising labor costs and economic restructuring in China were forcing businesses to relocate to other countries, including Bangladesh, Li Jun said.
"Bangladesh has many advantages, especially in human resources. So, it is a very lucrative place for such relocation," the ambassador said at a meeting at The Daily Star office.
The ambassador said China had rendered zero-tariff treatment to 4,762 products from Bangladesh and 32 other least-developed countries from July 2010. The number of products for duty-free export would be raised to over 7,000, beginning from the next year.