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Bangladesh and China have signed a memorandum of understanding (MoU) to strengthen economic and infrastructure cooperation in the presence of Prime Minister Tarique Rahman.
The MoU was signed between Invest Bangladesh, the Bangladesh Investment Development Authority (BIDA), and Chinese state-owned China Railway Construction Corporation (CRCC) in Mongla, Bagerhat, on Thursday morning (November 5).
Saleh Ahmed, member of BIDA’s industrial zone division, signed the agreement on behalf of Invest Bangladesh, while Li Chongyang, chairman of China Civil Engineering Construction Corporation, signed on behalf of the Chinese side.
Invest Bangladesh Chairman Ashik Chowdhury and CRCC Chairman Dai Hegen were also present at the signing ceremony.
Ahead of the signing, Prime Minister Tarique Rahman held a meeting with a high-level Chinese delegation led by Dai Hegen.
The prime minister called for increased Chinese investment in Bangladesh, saying the two countries wanted to work together to strengthen economic ties.
He said initiatives would be taken to establish more industrial units in Mongla.
He also said the government would move quickly to develop the necessary infrastructure to ensure adequate electricity and gas supplies to accelerate economic activities from Mongla to the northern parts of the country.
Tarique thanked the Chinese delegation for its cooperation in facilitating the recruitment of Bangladeshi workers at Chinese companies in the Middle East.
Describing the day as important and joyful, he also thanked Chinese investors for supporting Bangladesh’s efforts to build a strong economic foundation.
Under the MoU, opportunities will be created to expand investment and economic cooperation in various sectors, including infrastructure, transport, logistics, industry, energy, environment and skills development.
Earlier, the prime minister arrived in Mongla by helicopter at 9:50am.
His itinerary also includes laying the foundation stone for the construction of two container jetties and associated infrastructure development under the Mongla Port expansion and modernisation project.
