DCCI signs MoCs with Chinese chambers to boost trade ties

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DCCI signs MoCs with Chinese chambers to boost trade ties

B Mirror Report: To enhance business cooperation between entrepreneurs of Bangladesh and China, the Dhaka Chamber of Commerce & Industry (DCCI) has signed Memorandums of Cooperation (MoCs) with three leading Chinese chambers in Guangdong, China.

The MoCs were signed with the Guangdong Chamber of Commerce of Importers & Exporters (GDCCIE), the China Chamber of Commerce for Import and Export of Machinery and Electronics Products (CCCME), and the Guangzhou Chamber of Commerce for Outbound Business, according to a DCCI press release.

Senior Vice President of DCCI and head of the delegation, Razeev H Chowdhury, signed the agreements on behalf of DCCI, while representatives of the respective Chinese chambers signed for their organizations.

In addition, members of the visiting DCCI delegation took part in the “Trade Bridge–Bangladesh Matchmaking Event” held at the China Foreign Trade Centre during the 139th Canton Fair. During the visit, they engaged in B2B meetings and exchanged information with around 270 Chinese companies.

Speaking at a business discussion session, Razeev H Chowdhury said China is a major driving force in global trade and a leading producer of a wide range of goods. He noted that, like many countries, Bangladesh relies significantly on imports from China, which totaled around US$18 billion in the last fiscal year.

He also mentioned that China is the fifth-largest foreign investor in Bangladesh, with Chinese businesses investing around US$1.7 billion across various sectors.

Chowdhury highlighted significant potential for bilateral cooperation in areas such as agro-processing, infrastructure development, renewable energy, shipbuilding, automotive, light engineering, semiconductors, and high-tech industries.

He further emphasized opportunities for collaboration in emerging sectors including startups, fintech, agritech, artificial intelligence, robotics, biotechnology, healthcare, pharmaceuticals, and supply chain technologies.

At the event, CCPIT Director Qiu said Nansha holds strategic geographic importance and recorded a regional GDP exceeding RMB 240 billion in 2025. He pointed to strong prospects for joint ventures in specialized industrial clusters such as automobiles, shipbuilding, and biomedicine.

Wu Shaowei, President of GDCCIE, said Bangladesh could play a key role in facilitating market access for Guangdong-made products to South Asia and stressed the need to strengthen business ties between the two sides.

Meanwhile, CCCME Vice President Shi Yonghong described the 139th Canton Fair as a major platform for global business cooperation, expressing hope that it would further deepen relations between Bangladeshi entrepreneurs and Chinese manufacturers.

 

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