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EPZ dedicated for Chinese investors can boost export

China's Ambassador Li Jun tells seminar

Diplomatic Correspondent
Chinese Ambassador in Dhaka Li Jun yesterday stressed the need for a comprehensive and sustainable partnership between Bangladesh and China for mutual benefits.
Creative thinking and innovative policy are badly needed now, he said, expressing the necessity for an exclusive Export Processing Zone (EPZ) for Chinese investors, which will help Bangladesh increase its export to China.
Drawing an ambitious picture to upgrade China-Bangladesh cooperation, he said, "I agree that an EPZ for Chinese companies will facilitate Chinese investment and enlarge Bangladesh's export to the Chinese market."
The envoy was addressing a seminar on "Bangladesh-China relations: Potential of growing partnership in the coming decades" at the capital's Jatiya Press Club.
Li said the cooperation between Bangladesh and China was a mutually awarding process, and it would not develop at the cost of any other country.
"The two countries are neither hurdled by problems left over from history nor troubled by dispute of interests at present," he said. "Our cooperation is neither interrupted by respective internal political changes nor influenced by the changes of world or regional situation."
Quoting recent comments by Chinese Foreign Minister Wang Yi, the ambassador said, "What we have is only trust, friendship and co-operation". The other is "closer comprehensive partnership", he added.
China shows respect to Bangladesh's international standard as an important power in South Asia, not only for her massive population, butfor her momentum of economic development, for her contribution to the unity of developingcountries and world peacekeeping mission, he said.
Organised by the newly floated China-Bangladesh Study Croup, the seminar was attended by BNP standing committee member Lt Cen (retd) Mahbubur Rahman, former ambassador Munshi Foiz Ahmed, Dhaka University teacher MA Taslim, and News Today Editor Reazuddin Ahmed.
Research Fellow at the Bangladesh Institute of International and Strategic Studies (BIISS) M Ashique Rahman presented the keynote paper, while former ambassador I lumayun Kabir chaired the programme.
Turning to the political situation in Bangladesh, the
Chinese envoy renewed his call for dialogue among major political parties to resolve the political crisis.
The ambassador said China was about to start a new round of reform and opening-up, specified in economic restructuring and administrative restructuring. The outcome will be the enlargement of domestic consumption and investment abroad, he added.
Li said that with RMG in the front, the advantage of labour-intensive industry was rising in Bangladesh. In addition, it is situated at the linking point of the two important growth poles of the world, the connection of which will be the most exciting story, he added.
He stressed that the construction of Bangladesh-China-India-Myanmar economic corridor would help turn Bangladesh's geographical advantage into economic and social devel-
opment competitiveness. The construction of Sonadia deep-sea port, he said, is in the interest of Bangladesh as well as the whole region.