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[🇧🇩] China is a Time Tested Friend and a Strategic Partner of Bangladesh
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PM's visit: China seeks comprehensive strategic cooperative partnership with Bangladesh
Raheed EjazDhaka
Updated: 03 Jul 2024, 09: 09

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Prime Minister Sheikh Hasina shakes hand with Chinese President Xi Jinping in Johannesburg on 23 August, 2023File photo

Bangladesh and China elevated their bilateral relations to "strategic partnership" from trade and economic cooperation when Chinese President Xi Jinping visited Dhaka eight years ago.

Bangladesh also joined the country's Belt and Road Initiative (BRI), the main enterprise of China's foreign and strategic policies, at that time as well.

This time China is keen to elevate the relations to another level, to comprehensive strategic cooperative partnership, during the visit of Prime Minister Sheikh Hasina to Beijing in the second week of July.

This is likely to be reflected in the joint statement that would be issued after the formal meeting of the two sides during the visit of the prime minister.

Diplomatic sources said several years ago the government took a coordinated initiative to implement development infrastructures centering the Matarbari deep sea port after joining Japan's Initiative of BIG-B (The Bay of Bengal Industrial Growth Belt).

They further said in the same way the government is moving ahead with an initiative to a coordinated infrastructural development (CD) centering the deep sea port at Payra in the southern region of the country. Bangladesh seeks China to be the main partner in the implementation of the CD.

This issue will get special attention during the prime minister's visit to China, the diplomatic sources added.

A highly placed source in the government said Bangladesh's expectations in this regard have been conveyed to various levels of Beijing over the last month.

Apart from this, financial assistance to meet the budget deficit and financing new projects would be prioritised during Prime Minister Sheikh Hasina's visit to China, scheduled to begin from 8 July.

A delegation of China's EXIM Bank is currently visiting Bangladesh for last-minute discussions on proposed loans to meet the budget deficit and financing new projects, relevant government officials confirmed this correspondent.

Speaking about the preparations for the prime minister's visit to China, foreign secretary Masud Bin Momen said, "The discussion between the two sides is going on until now. Currently a delegation from China is visiting Bangladesh. We have been going through the matters regarding taking budget assistance from China alongside taking assistance through other processes."


From strategic partnership to comprehensive strategic partnership

The relation between the two countries was elevated to "strategic partnership" level when Chinese President Xi Jinping visited Dhaka in 2016. A memorandum of understanding (MoU) was also signed regarding Bangladesh's joining the Belt and Road Initiative.

At the same time, decisions were made about China's debt and financing several mega projects in Bangladesh.

This time China is interested to elevate the relations further. Generally the host country prepares the drafts of various government documents regarding these types of summits. Being the host country now, China has proposed to elevate the relations to "comprehensive strategic cooperative partnership" in the draft.

According to diplomatic sources, the Chinese Communist Party, through the prime minister's visit, is interested in strengthening bilateral relationships on the political front. Liu Jianchao, the international department head of the party, conveyed this message during his recent trip to Dhaka.

The two countries would celebrate the golden jubilee of diplomatic relations next year, and China is laying emphasis on extending connectivity at different levels marking the celebration. They expressed interest in trading visits among political leadership, women, youth, physically challenged, and at other layers of the society.

While talking to the media during his Dhaka trip, Liu Jianchao said, "We believe that government policy originates from the perspectives of political parties. This means, the communication between the political parties of the two countries is very helpful to know and understand the mutual relationship between the government and the people. This communication also plays a role in adopting the right policy for each other. This communication is important."

As a whole, a transition in Dhaka-Beijing relationship and close political ties would be reflected in the joint statement of two countries, said multiple senior diplomats.

Focus on China's inclusion in CD

After assuming the state power for another term, the government brought to light the issue of including China, or cooperation with China in coordinated development (CD) projects in the country's southern region, with Payra at its helm.

When asked in this regard, diplomatic sources mentioned the courtesy call of the Chinese envoy on prime minister in Dhaka on 8 April, the meeting between foreign secretary Masud Bin Momen and Chinese deputy foreign minister in Beijing on 3 June, and the meeting of Liu Jianchao with the prime minister in Dhaka on 24 June.

During all the meetings, the Chinese envoys expressed their sincere interest to cooperate in the development initiative in the southern region.

Chinese ambassador Yao Wen asked for suggestions regarding the future priorities of assistance during the courtesy call on prime minister Sheikh Hasina. Referring to that, the prime minister mentioned China investments centring the Payra deep sea port, according to a reliable source.

One week after that meeting the Chinese ambassador paid a spot visit to the Payra sea port and adjacent areas and talked to relevant officials to learn the ground scenario.

The diplomatic sources termed CPC minister Liu Jianchao's visit to Dhaka ahead of prime minister Sheikh Hasina's Beijing tour as significant. During the visit he stressed on strengthening political ties between the two countries on behalf of Beijing. He also tried to understand the expectations of Bangladesh from China during the visit.

It has been learnt that the prime minister discussed the future priorities of assistance in the meeting with the important CPC minister last month.

During the meeting, prime minister Sheikh Hasina highlighted the coordinated development plan of the government centring the Payra deep sea port. The prime minister also mentioned that Bangladesh wants China to be a part of the development works in the southern part of the country.

Asked about the coordinated development plan centring the Payra port, the Dhaka officials say the government is focused on developing a hub of regional connectivity centring the Matarbari deep sea port. At the same time, it has taken initiative to run the development programmes in the southern parts of the country keeping the Payra port at the core.

The Economic Relations Divisions (ERD) will take the initiative for infrastructural development in the southern parts. It is basically the future outline for that region. Different ministries will be submitting the proposals for their desired projects in the region to the ERD. After that a list of projects will be prepared based on the proposals submitted.

Speaking to Prothom Alo regarding the possibility of further progress in this regard during the prime minister's Beijing visit, an official said that Dhaka wants to include in the joint statement that China will be a part of the development works in the southern part of the country. The two sides are in negotiation over this.

Asked about this, security expert and Bangladesh Institute for Peace and Security Studies president Maj. Gen. (retd) ANM Muniruzzaman told Prothom Alo, "I think the proposal to engage China in the development initiative centring the Payra sea port is an effort to maintain balance. Bangladesh has engaged Japan, one of the main allies of the US, in the Matarbari project."

"There was indication of not engaging China in the Teesta project during the prime minister's visit to India. Therefore, engaging China with the Payra project means an effort to maintain balance by pleasing China," he added.

The security analyst further said, "It is also an effort to keep the door of financial assistance open by getting China involved in the development projects in Bangladesh."

* The report, originally published in the print and online editions of Prothom Alo, has been rewritten in English by Shameem Reza, Misbahul Haque and Ashish Basu​
 
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Yes, China should help Bangladesh by building good universities and bringing economic prosperity to Bangladeshis so Bangladesh can help itself.
 
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SIDI will see the establishment of an electric vehicle plant, a hi-tech park and a logistic hub at a strategic location, said a finance ministry official.Japan is supporting the Moheshkhali-Matarbari Integrated Infrastructure Development Initiative (MIDI) and the BIG-B Initiative (The Bay of Bengal Industrial Growth Belt).

"Similarly, Dhaka wants Beijing to support SIDI," said a foreign ministry official.

Bangladesh earlier sought a loan in Yuan worth $5 billion to facilitate importers to make payments for goods and services procured from China amid Bangladesh's strained dollar stockpile.

Bangladesh will seek Chinese support for the Southern Integrated Development Initiative (SIDI) centring the Payra Port in Patuakhali, according to finance ministry officials.

This will be an integrated development plan for the southern region involving projects on transport and communication, ICT, power and energy, logistics and a special economic zone.

SIDI will see the establishment of an electric vehicle plant, a hi-tech park and a logistic hub at a strategic location, said a finance ministry official.Japan is supporting the Moheshkhali-Matarbari Integrated Infrastructure Development Initiative (MIDI) and the BIG-B Initiative (The Bay of Bengal Industrial Growth Belt).

$20 Billion for just the SIDI projects is way too high. Such projects can be done in India (for example) for well under $10 Billion or so. Another scheme for corruption under Hasina. If money is to be given, it should go directly toward paying Chinese contractors by Chinese Govt. Bangladeshi officials should not have any chance to see any money change hands.

The other projects for which Dhaka will be seeking loans from China include: the Dhaka Mass Rapid Transit Development Project (Line 2), the Bhanga-Kuakata rail line, bridge over the Kocha river at Pirojpur, the renovation of Dhaka Medical College Hospital, Maheshkhali/Matarbari Bakhrabad 3rd parallel gas transmission pipeline.

Other than Dhaka Mass Rapid Transit Development Project (Line 2), the rest of them are Faaltu projects which will never see proper ROI. Instead of "improving" DMC, Chinese companies should set up new hospitals in Dhaka and other towns under BOPP arrangements, paid (again) directly by Chinese Govt. Bangladeshi administrators should never see the sign of any money.

MRT Line 2 was going to be funded by the Korean Companies, but they have supposedly backed out, it seems.


China can support Bangladesh in the development of state-of-the-art hospitals that are in high demand here, said Imtiaz Ahmed, executive director of the Centre for Alternatives.

Exactly.

"It is important that the Teesta project implementation begins soon as 29 million people are suffering because of the water deficit in the Teesta. It is time for us to turn geopolitical conflicts into cooperation," Ahmed said at the event moderated by Shah Ali Farhad, a former special assistant to Hasina.

Indians should get the message (sooner rather than later) that the time for stealing water and screwing around with withholding water downstream to Bangladesh is over. When China gets involved and starts withholding water to India using their Dam (huge leverage for them against India) then shortsighted Indian Govt. will be forced to play things right.


Beautifully illustrated and described in detail in here,


This topic is a source of much bed-wetting within Indian media and MEA circles. They however conveniently forget to mention how India has forever been withholding water illegally from Bangladesh.

 
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Breakthrough likely in China support for Bangladesh's forex reserve: envoy
Staff Correspondent 04 July, 2024, 12:54

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Chinese ambassador to Bangladesh Yao Wen addresses DCAB Talk organised by the Diplomatic Correspondents' Association of Bangladesh at the Press Club on Thursday, ahead of prime minister Sheikh Hasina's China visit which is scheduled to be held in July 8-11. | New Age photo.

The Chinese ambassador to Bangladesh, Yao Wen, on Thursday said that prime minister Sheikh Hasina's forthcoming visit to China was expected to make a breakthrough in Dhaka's new proposal for extending support for the country's foreign currency reserves.

Terming the PM's visit as a milestone in the bilateral relation between the two counties, he said that whatever China could do, they would do in supporting Bangladesh's development.

'It is a new proposal from Bangladesh, and we hope there will be a breakthrough in our cooperation in this regard,' said the Chinese envoy at the 'DCAB Talk' in Dhaka while responding to a question about Dhaka's proposal seeking Beijing's financial assistance to ease pressure on its foreign currency reserves besides loans for various development projects.

About China's role in repatriation of the Rohingyas to their homeland Myanmar, Yao Wen said that the repatriation process was suspended due to an escalating conflict in Myanmar and its Rakhine state in particular while China was working with all parties for a ceasefire.

'It is not easy to find a political settlement…We are relating all ethnic groups through our channel for a ceasefire,' he said.

Replying to a question about any development in the Teesta project as India is willing to support the same project, the diplomat said that that the River Teesta restoration project was on the territory of Bangladesh, and the country had the sovereign right to take decision about it.

'The Teesta river restoration project is truly on Bangladesh territory and it has the sovereign right to take a decision about it. And all the parties should respect it,' he said, adding that China would accept whatever decision Bangladesh takes about the Teesta project.

China is willing to implement the project and advanced with it at the invitation of Bangladesh, mentioned Yao Wen.

'As strategic cooperative partners, China-Bangladesh relationship is at best of all time and is also embracing tremendous opportunities for development,' the ambassador said.

He also said that the visit of the PM would surely inject vibrant impetus into the bilateral relations and cooperation in various fields, and promote new achievements in the strategic partnership of cooperation between the countries.

The Chinese envoy said that he did not find any tension between China and India over the Teesta project, but wanted to see that the project start very soon for the benefit of around 30 million people in the country's northern region.

During the China visit, Sheikh Hasina will meet Chinese leaders, sign a number of cooperation documents, and jointly announce major cooperation achievements, he mentioned.

The Diplomatic Correspondents Association, Bangladesh organised the event at the National Press Club ahead of the prime minister's China visit scheduled from July 8 to11.

The DCAB president Nurul Islam Hasib moderated the event where it general secretary Ashiqur Rahman Apu also spoke.

Addressing a press conference on her India visit from June 21 to 22, Sheikh Hasina said in Dhaka on June 25 that it would be easy for Bangladesh if the Teesta restoration project received support from India.

Beijing and New Delhi are already on a collision course after India's latest proposal to finance the Teesta restoration and management project when China has already offered both financial and technical support for the same project after conducting a feasibility study.​
 
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Bangladesh to seek $7b from China to boost trade in business summit during PM's visit
United News of Bangladesh . Dhaka 05 July, 2024, 12:11

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Bangladesh will host a trade and investment summit in Beijing during prime minister Sheikh Hasina's upcoming state visit to China.

PM Hasina will inaugurate the trade summit aimed at boosting Chinese investment and find ways to reduce trade imbalance that now favours China, sources familiar with the development said this week.

Over 1,000 Chinese and Bangladeshi investors will join the summit in different business sessions to discuss opportunities of investment in Bangladesh.

During the visit, Dhaka is likely to seek a US$ 7 billion in loan to support trade sector, which will make easy opening of LC for import of goods from China, sources said.

The Ministry of Finance, Ministry of Commerce, Ministry of Foreign Affairs, Bangladesh Security and Exchange Commission, Bangladesh Investment Development Authorities, Bangladesh China Chamber of Commerce and Industry, and Bangladesh Embassy in Beijing ate jointly organising the trade summit.

Professor Shibli Rubayat Ul Islam, chairman of the BSEC, said this week that the summit will bring businesspeople of the two countries under an umbrella to know each other and find scopes of investment in Bangladesh.

He said that the PM would talk directly with the Chinese investors to encourage them to invest in Bangladesh.

Al Mamun Mridha, general secretary of BCCCI, said that Bangladesh had identified 20 potential sectors to attract Chinese investors. At the Beijing Trade and Investment Summit Bangladeshi businesses will be highlighted with specific business offers to Chinese investors.

He said that Bangladeshi businesses would offer to Chinese investors that invest in Bangladesh and get the advantage of exporting their products to the Chinese market at 98 per cent duty-free facilities.

Through this investment Bangladesh will be able to narrow the huge trade gap with China and the Chinese investors will get opportunities for low-cost production options here, Mamun pointed out.

He believed that some Chinese investors would shift their manufacturing industry to Bangladesh as the country (Bangladesh) is also a big market for Chinese products.

Mamun also said, 'Bangladesh will also seek US$7.0 billion fund support in the trade sector that will help to boost trade with China. This may be in Chinese currency Yuan, so that Bangladeshi businesses can open LC in Yuan,' he added.

Though China and Bangladesh agreed to start trade with the Yuan, Bangladesh was unable to do so, due to the lack of available Yuan. Bangladesh faces a huge trade gap with China. As a result, there is a shortage of Chinese currency for trading.

Bangladesh mainly imports from China industrial raw materials, capital machinery, and electrical products, which factories can be set up in Bangladesh.

Currently, Bangladesh imports around US $24 billion (according to Chinese customs data) annually while Bangladesh exports less than $1.0 billion.

Bangladesh will offer China to invest in ceramic, leather, pharmaceuticals, electric cars, high-end garnets, and household appliances.
 
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Beijing interested to lend $5b, not $7b
Raheed EjazDhaka
Updated: 07 Jul 2024, 11: 27

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PM Sheikh HasinaFile photo

Prime minister Sheikh Hasina is scheduled to set out for China on a bilateral official visit on Monday one year ahead of marking the golden jubilee of diplomatic relations between Dhaka and Beijing.

The prime minister will discuss with Chinese president Xi Jinping to take the 'partnership' of two countries to new heights during her visit to Beijing after five years. Alongside deepening relations between two governments in the political arena, issues like more involvement of China in Bangladesh economic activities will get priority.

Speaking to Prothom Alo, diplomatic sources said Bangladesh will give priority on trade and economy during this trip. Chinese partnership on issues like coordinated development in Bangladesh north and loans in Chinese currency will get priority. China is interested in providing a loan in local currency equivalent to around USD 5 billion. Bangladesh wanted USD 7 billion.

Diplomatic sources said a number of important issues may be resolved during the meeting of top politicians of two countries during the prime minister's trip.

Although the trip is bilateral, in the context of contemporary global and regional incidents, various issues including geo-politics and geo-economy may emerge in the talks.

Speaking to Prothom Alo, foreign secretary Masud Bin Momen said discussions are going on with China on various issues. In these discussions, various issues of economic cooperations are getting priority.

20 documents for signing

On the 3rd day of the visit, prime minister Sheikh Hasina will hold a formal meeting with Chinese prime minister Li Qiang at the Great Hall of Beijing. In presence of two leaders, 20 documents including a number of MoUs may be signed between two countries.

Diplomatic sources in Dhaka said, no agreements will be signed between two countries during this trip. MoUs on various issues and similar types of documents will be signed. Till Friday last, two countries have finalised at least 15 MoUs for signing.​
 
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Bangladesh will offer China to invest in ceramic, leather, pharmaceuticals, electric cars, high-end garnets, and household appliances.

I don't know if we need additional investments in Ceramic stuff - because we already have enough (even from China). but sourcing maybe and tech expertise, because Chinese high quality ceramic products are at another level.

Leather, pharma, electric cars and appliances, definitely.

Garnets can be processed - and also other semi precious stones, which can be mined in Myanmar and processed in Bangladesh at lower cost.
 
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