Bangladesh and China have signed a memorandum of understanding (MoU) on economic and infrastructure cooperation, paving the way for expanded investment and ties in key sectors between the two countries.
Representatives from Invest Bangladesh and the China Railway Construction Corporation (CRCC) signed the MoU at Mongla Port at a ceremony on Thursday, as Prime Minister Tarique Rahman inaugurated a port modernization project.
Prime Minister's Deputy Press Secretary Jahidul Islam Rony told reporters that the deals would create scope for investment expansion and strengthen economic cooperation.
Invest Bangladesh Member (Industrial Zone) Saleh Ahmed and Chairman of China Engineering Construction Corporation Li Chongyang signed the agreement on behalf of their respective organizations.
Minister for Road Transport and Bridges, Railways and Shipping Shaikh Rabiul Alam, Invest Bangladesh Chairman Ashik Chowdhury, and CRCC Chairman Dai Hegen were present at the signing ceremony.
Under the MoU, the two sides will assess the potential for investment and expand cooperation in key sectors, including energy, industrial and eco-friendly infrastructure, transport, logistics, and human resource development.
Invest Bangladesh will help connect prospective investors with relevant public and private stakeholders and coordinate their engagement.
Prime Minister Tarique Rahman also exchanged views with the Chinese delegation after the signing ceremony.
