BD Seeks Stronger Economic Ties with China During CA's Visit

The visit, coming at a time of rising geopolitical tensions with India, holds substantial importance as Bangladesh seeks to strengthen trade relations, attract Chinese investments, and expand cooperation in key sectors such as healthcare, education, and water management.

"Our priority is to elevate our relationship with China, especially by boosting economic cooperation. We aim to attract more investment and explore opportunities to export a broader range of products," said Foreign Adviser Md Touhid Hossain.
FOCUS ON ECONOMIC COOPERATION

A central aspect of the visit is attracting Chinese investment to Bangladesh's Special Economic Zone in Chattogram, which is dedicated to Chinese enterprises. "We hope Chinese companies will consider relocating their factories here, taking advantage of Bangladesh's favorable investment climate," Hossain explained.

Despite Bangladesh's efforts, the country has yet to fully capitalize on China's market incentives due to the limited variety of products Bangladesh currently exports. Expanding its export portfolio will be crucial for tapping into China's vast consumer base.
HEALTHCARE COLLABORATION

Another significant area of focus is healthcare cooperation. With many Bangladeshis facing difficulties obtaining Indian visas for medical treatment, China has emerged as an alternative partner.

"The first batch of Bangladeshi patients has already traveled to China for treatment. We are keen for China to invest in establishing a modern hospital in Dhaka," Hossain added.

Additionally, Bangladesh has requested China to designate four hospitals in Kunming for Bangladeshi patients, ensuring a supportive and accessible healthcare environment. Feedback from the initial group of patients will play a pivotal role in shaping future healthcare collaborations.
WATER MANAGEMENT AND THE TEESTA ISSUE

Water management, particularly in relation to the Teesta River, is also on the agenda. Bangladesh hopes to secure Chinese support for river management projects, which are crucial for the country's long-term development and water security.

"We seek to enhance cooperation in water management for Bangladesh’s sustainable future," Hossain remarked.
EXPERT PERSPECTIVES

Dr. Yunus's visit has sparked significant interest among experts, as it reflects Bangladesh’s evolving approach to foreign relations, balancing economic priorities with strategic imperatives.

Professor Imtiaz Ahmed, an expert in international relations, highlighted the symbolic significance of the visit. "This trip sets the groundwork for the next elected government to further strengthen long-term partnerships with China," he said. "It also opens the door for potential Memoranda of Understanding (MoUs) that could lead to significant investment agreements."

Munshi Fayaz Ahmad, former Bangladesh ambassador to China, suggested that while the visit will undoubtedly strengthen bilateral ties, major projects like the Teesta River issue will likely be postponed until after Bangladesh’s elections.

Professor Dr. Lailufar Yasmin, from Dhaka University, disagreed, asserting that the interim government’s role would not hinder securing Chinese investments or substantial agreements. "China understands that this interim government is fully empowered by the will of the Bangladeshi people," she stated. She also expressed optimism about Bangladesh's upcoming investment summit in April, which she sees as a promising platform for advancing economic ties.

Professor Shahab Enam Khan, a foreign relations expert, underscored the importance of viewing the visit through the lens of Bangladesh’s national interests. "While regional dynamics are significant, Bangladesh must prioritize its pressing issues, such as the Rohingya crisis and water management projects," he said. He also noted that the visit presents an opportunity to revisit the Rohingya situation, which is evolving in Myanmar.
TENTATIVE ITINERARY

Professor Yunus’s visit will begin on March 26, when he will travel to China to attend the Boao Forum for Asia in Hainan Province.

    March 27: He will deliver a keynote speech at the forum’s opening session and may meet with China’s Executive Vice Premier Ding Xuexiang.
    March 28: Yunus is scheduled to meet Chinese President Xi Jinping at the Great Hall of the People in Beijing. He is also expected to visit a Huawei high-tech facility and participate in an interview with a major Chinese media outlet.
    March 29: Professor Yunus will receive an honorary doctorate from Peking University, where he will also deliver a lecture before returning to Bangladesh later that day.

This visit marks a pivotal moment in Bangladesh's foreign relations, laying the foundation for future economic and strategic cooperation with China.