Dhaka to Seek Lower Interest, Extended Loan Terms from China

Bangladesh plans to request China for reduced loan interest rates, a 30-year extension on repayment terms, and a waiver of commitment fees during Foreign Affairs Adviser Md Touhid Hossain's upcoming visit to Beijing.

Scheduled for January 20-24 at the invitation of Chinese Foreign Minister Wang Yi, this visit marks the first bilateral engagement since the interim government led by Prof Muhammad Yunus assumed office in August last year.

Speaking to reporters on Wednesday, Adviser Hossain emphasized the importance of economic cooperation with China. "All economic issues will be discussed, including budgetary support and expedited loan disbursement for Bangladeshi projects," he said.

Bangladesh views this visit as a significant opportunity to deepen ties with China and set the stage for future collaboration. Discussions will also address ongoing cooperation in agriculture, education, infrastructure, renewable energy, and the Rohingya crisis.

The visit comes as the two nations prepare to celebrate the 50th anniversary of diplomatic relations in 2025. Bilateral trade between Bangladesh and China currently stands at $25 billion, though the trade balance heavily favors China.

Hossain will deliver speeches at the China Institute of International Studies and the Shanghai Institute of International Studies and meet business leaders to promote Chinese investment in Bangladesh.

China remains one of Bangladesh's largest trading and development partners, with their relationship evolving into a "Comprehensive Strategic Cooperative Partnership."