The Bangladesh China Chamber of Commerce & Industry (BCCCI) signed a Memorandum of Understanding (MoU) with the Chinese Enterprises Association in Bangladesh (CEAB) to stimulate closer working cooperation for the amelioration of trade and economic relations between the two nations. It also aims to further enhance the close business networking between Chinese enterprises and local suppliers. The MoU was signed on September 24, 2022, at the Bangabandhu Bangladesh-China Friendship Exhibition Centre, Purbachal, Dhaka. The MoU is prescribed to be valid for one year, which was instituted by the Joint Secretary General of BCCCI, Mr. Al Mamun Mridha, and the Vice President of CEAB, Han Jingchao on behalf of their respective organizations. At the signing ceremony of the MoU, Dr. Shamsul Alam, the State Minister for Planning; Li Jiming, the Chinese Ambassador to Bangladesh; Mahbub Uz Zaman, former Bangladesh Ambassador to China; Mr. Gazi Golam Murtoza, President of BCCCI; and Ke Changlian, the President of CEAB, were present at the signing ceremony of the MoU.
Various sectors of cooperation include expanding cooperation and communication between the two organizations, committing themselves to fabricate the much anticipated “Sonar Bangla” (Golden Bangladesh) at the earliest, and further advocating for the development of the Belt and Road Initiative of China (BRI). Some other areas of collaboration incorporate the building of trade relationships that extend businesses and promote commerce, along with promoting cultural exchanges, friendship, and commerce between each member enterprise in order to form a Joint Task Force (JTF) and assimilate a joint forum to exchange ideas and views. Moreover, there will be cooperation to address the existing and potential trade disputes that have occurred among enterprises, execute regular dialogue at a committee member level, and exchange views on visa processing, bank risk management, the establishment of a Chinese bank in Bangladesh, legal consulting, free trade zone, investor promotion, dispute settlement, member management, publicity, and other affairs.
The other crucial areas of cooperation include strengthening communications with the related departments of the Bangladesh government, the Chinese Embassy in Bangladesh, and various other government bodies. Enhancement of interaction with other domestic and foreign chambers of commerce, organisations, and trade bodies and ensure management and supervision of the two organizations’ members in order to comprehend, abide, and be bound by the related laws, rules, and regulations; and also invite each other to attend the related events, forums, and activities.