97 percent Bangladeshi products to get duty-free access to China, and India to lose its competitive advantage

摘要

Chinese govemment has granted duty-free access to 97 percent Bangladeshi products to its market from July 1,which is undoubtedly a big opportunity for Bangladesh.Data show that in the first half of 2019,China’s imports from Bangladesh were nearly USD 800 million,an increase of more than 7.2%.Among them,textiles and textile primary processing products are the main commodities exported by Bangladesh to China.During the past two years,Bangladesh’s total exports of apparel and cotton textile products to China exceeded USD 230 million.Bangladesh’s excellent textile industry prospects also allow domestic textile companies to see opportunities for industrial transformation.In 2019,Chinese companies’investment in Bangladesh increased by 120%,and China has become the main source of foreign investment in Bangladesh.