Trade deficit widens as China floods domestic market
12 Mar '08
2 min read
Recognized as a less developed country (LDC), Bangladesh enjoys preferential, duty-free and quota-free access to various markets across the globe including EU, Canada, Australia, Japan, India, Pakistan, Thailand and Korea. Chinese entrepreneurs with their vast entrepreneurial expertise and technology can assist Bangladesh to meet their supply-side constraints.
Chinese investment in Bangladesh increased by 20 percent in ready-made garment sector because the consumption of these goods had increased in China.
Experts are confident that if favorable business atmosphere is developed by the Government, Bangladesh can surely attract more investment from China.
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