Bangladesh'S Rapid Economic Growth And New Opportunities For Investment In The "Southern Silk Road"

　　 Bengal It is a country full of natural charm and color, an ancient country integrating history, tradition and culture. Friendly exchanges with China have a long history.

At present, Bangladesh is in a good stage of rapid economic growth and development, which will bring more opportunities and development opportunities for the future economic and trade development of China and Bangladesh.

In October 21st, China Energy Construction Group Co., Ltd., a company with SUMMIT of Bangladesh, signed a BIBIYANA II 1 * 344.908 MW gas combined cycle unit EPC general contract in Dhaka, Bangladesh.

It is understood that the Bibiyana II project is currently the largest installed capacity of Bangladesh private investment in power projects. In December 1st this year, the commencement order was officially issued, with a total construction period of 26 months and a contract signing amount of US $214 million 600 thousand.

However, this is only a microcosm of economic and trade cooperation between China and Bangladesh.

　 Friendly cooperation between China and Bangladesh is extensive.

Bangladesh is a country full of natural charm and color, an ancient country integrating history, tradition and culture. Friendly exchanges with China have a long history.

Recently, Li Changchun, member of the Standing Committee of the Political Bureau of the CPC Central Committee, attended the reception of friends from all walks of life in Bangladesh. He said that as early as 2000 years ago, the people of China and Bangladesh had conducted cultural and commercial exchanges through the Southern Silk Road. Today, the friendly relations between China and Bangladesh have been developing continuously, and fruitful results have been achieved in exchanges and cooperation in various fields such as politics, economy, culture, science and technology.

Wang Chao, Vice Minister of Commerce, told reporters earlier that during the implementation of the "12th Five-Year plan" period in China, China will implement a more proactive opening strategy, expand new areas of opening up and expand the intersection with the interests of all parties. And actively promote the healthy development of foreign trade, strive to implement the "going out" development strategy, and actively encourage and guide Chinese enterprises to participate in overseas investment and development in an orderly way.

In this regard, Li Changchun also believes that China is currently implementing the "12th Five-Year" economic and social development plan, and the Bangladesh government has also formulated the "digital Bangladesh" and developed into a middle-income country by 2021. Therefore, the two national affairs cooperation has broad prospects. China will continue to support the encouragement of powerful and reputable Chinese enterprises to invest in Bangladesh, and also welcome Bangladesh enterprises to seek business opportunities and cooperation in China.

It is understood that the opening ceremony of 3G expansion and 2.5G network construction project of the first inter governmental cooperation project of the general contracting of China mechanical equipment engineering Limited by Share Ltd was recently held in Dhaka, Bangladesh. Li Jun, Ambassador of China's embassy in Bangladesh, said that the project is of great significance to the goal of "digital Bangladesh" and the development of economic and trade relations between China and Bangladesh. China and Bangladesh will continue to benefit the two peoples through close cooperation in various fields such as economy, trade, energy, agriculture and infrastructure.

　 Providing a good investment environment for investors

In recent years, Bangladesh has been Investment It provides an incomparable investment environment for other South Asian economies.

Bangladesh is located in the north of the bay of Bengal, East, West, North and India, southeast to Burma, and south to the bay of Bengal. The geographical location of Bangladesh is an ideal place for Global trade. It is linked to numerous international seas and routes, and is a bridge and link between the association of Southeast Asian Nations and South Asian cooperation.

Bangladesh is a progressive country. The social order is relatively stable, the development is relatively stable, and there are a lot of projects urgently needed to be built and planned in China. Therefore, it has become the focus of competition among transnational corporations.

Bangladesh has abundant natural gas and water resources, and its land is fertile. There are mainly jute, tea, textile, clothing, paper industry, newsprint, leather and products, sugar industry, cement, fish processing, medicine, chemical industry, ceramics, natural gas based industries, etc. Among them, jute is one of the most important export crops.

In addition, Bangladesh is rich in human resources and cheap in labour costs. It is easy to receive training, optimistic and diligent (different wage standards in different regions), and is suitable for various labor-intensive industries. For example, Bangladesh's garment industry has an increasing share in the European and American markets, and Meng is becoming the destination of the international textile and garment industry for industrial transfer.

Most Bangladesh products are subject to tariff free and quota free access to markets such as the European Union, Japan, the United States, Australia and most developed countries. The government has also set up the Investment Promotion Bureau and the export processing zone authority, and has built a number of state-owned export processing zones throughout the country, and has formulated a series of preferential measures such as taxation and land to attract foreign investment.

Tourism is the leading industry in the twenty-first Century. Bangladesh, which has a millennium cultural tradition, is rich in tourism, including beaches, lakes, rivers, mountains, forests, wildlife, ancient ruins, and historical museums, folk customs, religious and cultural relics, handicrafts, etc. All of these will become a large number of tourism products. If developed properly, Bangladesh will take a place in the expanding world tourism trade.

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The Bangladesh government has also identified the tourism industry as the priority development target, and promulgated and implemented the national tourism policy to promote the development of domestic and international tourism in Bangladesh. Under the environment provided by its national policy, the Bangladesh government encourages foreign investors to invest in the tourism industry. The way of investment can be joint-stock or 100% of foreign investment.

　 Investment suggestion

Insiders suggested that when Chinese enterprises invest in Bangladesh, they should do a good job of market research and avoid blind investment. At the same time, they should maintain close communication with local embassies in China and avoid blind faith intermediaries. The Bank of Bangladesh has different reputation and should choose the bank with good reputation. According to the provisions of the Bangladesh government, public bidding should be carried out in the project contracting project. Careful attention should be paid to the study of tender documents, reasonable bidding, careful signing of business contracts, so as to avoid losses, and investment in the form of sole proprietorship, such as joint ventures should carefully choose investment partners; Chinese enterprises should be honest in business and law-abiding, and pay attention to corporate social responsibility.

In addition, in order to prevent economic losses caused by Chinese enterprises, exporters should pay attention to the following points when making payment of letters of credit. For example, when Bangladesh clients open their certificates, they should know the credit of the issuing bank in advance, select the bank with good credit, and try not to accept letters of credit issued by banks and branches with poor credit.

Strictly carry out the letter of credit verification, to ensure that there is no discrepancy, if found discrepancy, before delivery must be amended, especially the delivery date, so that it meets the requirements of the letter of credit, even if the customer proposes to accept the discrepancy documents, it can not accept, insist on the shipment after the amendment.

The above goods under L / C should be arranged for one-off delivery, as far as possible, to avoid partial delivery, so as not to delay the redemption order for the goods under the quality of goods after the first single pickup, which requires the exporter to reduce the price.

When signing a contract, if possible, ask customers to have a certain proportion of the advance payment. If the customer pays the advance payment, even if there is discrepancy in the document, it is relatively easy to solve, and will not cause the adverse situation of the customer withdrawing the bill and refusing to pay.

For larger sums Exit The exporter is advised to insure export credit insurance to the PICC.