In a significant diplomatic engagement, Chinese President Xi Jinping and Bangladesh’s Chief Adviser Muhammad Yunus held a bilateral meeting in Beijing, focusing on expanding economic cooperation and strengthening strategic ties. This marks Yunus’s first state visit to China since assuming office, underscoring the importance of the relationship between the two nations.
During the meeting, President Xi assured China’s unwavering support for Bangladesh’s interim government and expressed a commitment to fostering deeper economic collaboration. Key discussions included the relocation of Chinese manufacturing enterprises to Bangladesh, duty-free access for Bangladeshi products to the Chinese market until 2028, and the initiation of negotiations for a China-Bangladesh Free Trade Agreement.
The two leaders also signed an agreement on economic and technical cooperation, along with eight memorandums of understanding (MoUs) covering cultural exchanges, infrastructure development, and renewable energy projects. President Xi highlighted China’s readiness to work with Bangladesh on high-quality Belt and Road initiatives, including advancements in the digital, green, and maritime economies.
Yunus, in turn, sought reduced interest rates on Chinese loans and waivers on commitment fees for Chinese-funded projects. He also emphasized the need for enhanced cooperation in water resource management and the relocation of industries such as ready-made garments, electric vehicles, and high-tech electronics to Bangladesh.
This meeting signifies a new chapter in China-Bangladesh relations, with both nations aiming to achieve mutual economic growth and strengthen their strategic partnership.
