Chinese trade expos bring new opportunities for Bangladesh

kathmandu

South Asian developing countries are today confronting challenges of economicvulnerability as a result of the Covid-19 pandemic, climate change and the rise of serious geopolitical rivalry posed by emerging military groupings and showdowns. Simultaneously, a rising trend of trade protectionism with new hidden barriers and de-globalization in the global market are restricting the ability of the economic and investment sectors to promote global trade sustainably.

In this context, China’s open door and cooperation policy offersa glimmer of hope for the region’s prosperity and development, resuming economic growth at a faster rate. In order to fulfill President Xi Jinping’s pledge to turn the Chinese market into a market for the world, a market shared by all, and a market accessible to all, China has taken a number of concrete steps in recent years, including an all-round opening-up strategy that allows foreign enterprises greater access to the domestic market and a foreign investment law that ensures a business-friendly environment.At the same time, China has taken new steps to strengthen bilateral, multilateral, and regional cooperation by joining trade blocs such as the Regional Comprehensive Economic Partnership (RCEP), and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), hosting a series of mega trade exhib