China has announced an extension of duty-free and quota-free market access for Bangladeshi products until 2028, providing two additional years of trade benefits after Bangladesh transitions to a developing nation.
Chinese Vice Premier Ding Xuexiang confirmed the decision during a meeting with Bangladesh’s Chief Adviser Dr. Muhammad Yunus on Thursday (March 27) at the Boao Forum for Asia Annual Conference. Ding also expressed China’s interest in negotiating a Free Trade Agreement (FTA) with Bangladesh to further enhance economic cooperation.
Reaffirming Beijing’s commitment to strengthening bilateral ties, Ding pledged support for Bangladesh’s interim government, emphasizing trade, investment, cultural exchange, and diplomatic collaboration as the two countries celebrate 50 years of diplomatic relations.
“President Xi Jinping highly values your visit,” Ding told Yunus. “China hopes Bangladesh will achieve greater prosperity under your leadership.”
Yunus reiterated Bangladesh’s strong ties with China and reaffirmed support for the One-China Policy. “We are proud to be South Asia’s first partner in the Belt and Road Initiative,” he said, highlighting Dhaka’s commitment to deeper engagement.
Beyond diplomatic assurances, the meeting yielded concrete economic commitments. Ding pledged financial assistance for the modernization of Mongla Port and the Dasherkandi Drainage Project. Additionally, he confirmed that Bangladeshi mangoes, approved for export last year, will officially enter the Chinese market this summer.
“It’s a step toward trade balance,” Ding noted, hinting at economic parity. He also underscored China’s role in facilitating dialogue between Bangladesh and Myanmar to address the Rohingya crisis.
Yunus welcomed the commitments, calling the meeting a “milestone” in bilateral relations. “This marks the beginning of a new era of friendship, cooperation, and a stronger partnership,” he said.
The discussion was attended by Foreign Affairs Adviser Touhid Hossain, Energy, Rail & Road Transport Adviser Fouzul Kabir Khan, High Representative of the Chief Adviser Dr. Khalilur Rahman, and BIDA Executive Chairman Ashik Chowdhury.
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