A memorandum of understanding (MoU) for economic and infrastructure cooperation between Bangladesh and China was signed on November 16, 2023, in the city of Mongla, located in the Bagerhat district, in the presence of the Prime Minister of Bangladesh, Tarique Rahman.
Details of the Memorandum of Understanding Signing
This memorandum of understanding was signed on Thursday morning between "Bangladesh Investment" and "China Railway Construction Corporation" (CRCC). Saleh Ahmed, a member of the industrial zones section at "Bangladesh Investment," signed the memorandum on behalf of Bangladesh, while Li Zhongqiang, the head of China Railway Construction Corporation, signed it on behalf of China. Additionally, Ashiq Chowdhury, the head of "Bangladesh Investment," and Dai Hegen, the head of CRCC, were present at the ceremony.
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Goals and Implications of Cooperation
According to this memorandum of understanding, new opportunities for expanding investment and economic cooperation in various sectors of Bangladesh, including infrastructure, transportation, logistics, industry, energy, environment, and skills development, will be provided. Tarique Rahman, the Prime Minister of Bangladesh, emphasized attracting more Chinese investment in Bangladesh during the ceremony and announced that the government would take steps to establish more industrial factories in the Mongla area. He added that to facilitate economic activities from Mongla to the northern regions of the country, the government intends to rapidly create the necessary infrastructure to ensure adequate energy and gas supply.
The Prime Minister of Bangladesh expressed special gratitude to the Chinese delegation for employing Bangladeshi workers in Chinese companies across the Middle East and described this day as significant and pleasant. He also appreciated Chinese investors for helping to establish a strong economic foundation for Bangladesh.
Tarique Rahman arrived in Mongla, Bagerhat, by helicopter at 9:50 AM. The Prime Minister's itinerary in Mongla includes laying the stone for the construction of two container jetties and related infrastructure development activities under the Mongla Port Expansion and Modernization Project.
Given the extensive dimensions of cooperation between Bangladesh and China, this memorandum of understanding can be seen as a milestone in the economic relations of the two countries and a foundation for expanding cooperation in the future.
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