BEPZA EC invites Chinese investors to seize opportunities in Bangladesh

Major General Abul Kalam Mohammad Ziaur Rahman, BSP, ndc, psc, Executive Chairman of the Bangladesh Export Processing Zones Authority (BEPZA), extended a warm invitation to Chinese investors to explore the "golden opportunity" of investing in Bangladesh.

"Come and explore a golden opportunity of investing in Bangladesh, a nation where potential meets performance, and partnerships lead to prosperity," said Major General Ziaur Rahman at the seminar titled "Investment Opportunities in the EPZs and EZ of BEPZA," jointly organised by BEPZA and Ningbo Daxie Chamber of Commerce on December 16, 2024, in Ningbo, China.

Highlighting the country's strategic location and dynamic economy, the BEPZA Executive Chairman said, "Bangladesh is strategically located at the crossroads of South Asia and Southeast Asia, offering seamless access to regional and international markets. Our vibrant population of over 180 million, predominantly young, educated, and highly skilled, ensures a robust workforce that can drive businesses to new heights."

He emphasised that Bangladesh's main attraction for investment is its inexpensive and easily trainable workforce, with the lowest minimum wage in Asia. The country's investment policies have been consistently liberalised to ensure a favourable environment for foreign investors. Moreover, BEPZA has been providing a "One Stop Service" to its investors, making it easier for them to set up and operate industries in the country's EPZs.

Major General Ziaur Rahman also outlined BEPZA's plans, including developing the BEPZA Economic Zone at Mirsharai, Chattogram, which has already attracted 41 enterprises. The establishment of three new EPZs in the Jashore, Patuakhali, and Gaibandha districts is also underway and is expected to be ready for investors by the end of 2025.

Mr. Cao Jun, Executive Director of the Ningbo Daxie Chamber of Commerce, spoke about China and Bangladesh's growing economic and trade cooperation. He highlighted that China has been a vital partner in Bangladesh's development, cooperating with traditional industries such as jute and leather to emerging sectors like the digital economy and environmental protection.

"We believe that the cooperation between China and Bangladesh will continue to flourish, bringing fruitful results for both nations," said Mr. Jun.

Ms. Cao Mu Zi, Secretary General of the Ningbo Daxie Chamber of Commerce, reiterated the importance of this seminar in facilitating greater understanding and cooperation between Chinese enterprises and Bangladesh. She emphasised the opportunity for Chinese investors to explore the benefits of EPZs and economic zones in Bangladesh.

Around 120 participants, including potential investors, local media, investment analysts, and business lawyers, attended the seminar. During the open discussion, they requested the launch of direct flights between Dhaka and major commercial cities in China, as well as the establishment of consular services in key business cities of China. They also expressed their views on making customs laws and regulations more business-friendly and simplifying documentation. Notably, Chinese investors have established 107 industrial units in the EPZs and BEPZA Economic Zone, with an investment of 1.6 billion US dollars, creating employment opportunities for 133,000 Bangladeshi citizens.

Apart from the Executive Chairman, Md. Tanvir Hossain, Executive Director of investment Promotion), Tarek Hossain, Director of investment Promotion), and Ali Istiak Chowdhury, Director of BEPZA, attended the seminar.