China Keen to Import Hilsa from Bangladesh

"Bangladesh has a unique opportunity to reduce its trade deficit by capitalizing on the growing demand for hilsa fish in China," Ambassador Wen remarked during a meeting with Commerce Adviser Sk. Bashir Uddin at the Secretariat on Thursday.

Along with hilsa, the Ambassador highlighted China’s interest in importing other popular Bangladeshi fruits, including mangoes, jackfruit, and guava. He also emphasized the potential for increased Chinese investment in these sectors in Bangladesh.

In a broader context, Ambassador Wen underscored China's strong commitment to strengthening bilateral relations, noting that China could be one of Bangladesh’s closest partners. “Our relationship with Bangladesh is pivotal, and there are immense opportunities for both countries to enhance trade and investment,” he said.

Commerce Adviser Sk. Bashir Uddin welcomed the discussion, emphasizing the strategic potential to further deepen economic ties. He highlighted key sectors like agriculture, transportation, agro-machinery, and healthcare as areas ripe for Chinese investment.

To balance the trade equation, the Commerce Adviser also urged China to reduce tariffs on Bangladeshi exports and increase the import of goods, which could significantly narrow the trade gap. He specifically proposed the establishment of truck manufacturing plants and the modernization of Bangladesh's agricultural sector, which could yield mutual benefits for both nations.

Additionally, Ambassador Wen noted that 30 Chinese companies have shown interest in investing in the Chittagong Economic Zone, signaling a growing desire among Chinese investors to tap into the vast potential of Bangladesh's economy.

As trade and investment discussions continue, both sides remain optimistic about the opportunities that lie ahead for enhanced cooperation.