The govt. chairman of the Bangladesh Investment Pattern Authority (BIDA), Chowdhury Ashik Mahmud Bin Harun, has invited China-based entirely manufacturers to spend money on Bangladesh following the inclinations after the 2024 US presidential election.
He wrote an “birth letter” these days (24 November) to merchants in China, pronouncing that Bangladesh is now though-provoking to emerge as a doubtless destination for manufacturers planning to relocate or diversify their footprint, in holding with an announcement of the Chief Adviser’s Press Fly.
“The submit-election inclinations in the US signal big increases in tariffs and obligations for China-based entirely manufacturers,” he wrote. “On this context, we lengthen an birth invitation to our investor site visitors in China and are dedicated to supporting them in navigating the evolving panorama.”
“We notion doubtless in industries be pleased apparel, electronics, photo voltaic label chain and automotive. We are dedicated to tailoring a in fact helpful funding surroundings for the merchants with intellectual incentive functions and advantages,” he said.
The BIDA chief, who previously month met a minimum of 200 CEOs of institution and native corporations, said opposite to what some political consultants were predicting, Bangladesh’s economic system is situation to wait on massively in the unique Trump presidency.
“We are already witnessing moderately fairly about a interest from China-based entirely manufacturers in the hunt for to diversify their risks and manufacturing bases,” he said.
China has been a lengthy-standing partner of Bangladesh and in 2022 grew to change into Bangladesh’s most attention-grabbing offer of International Order Investment (FDI), reads the CA’s Press Fly assertion.
Ashik Mahmud said this vogue will trail once the unique Trump administration takes over in January 2025.
He said he has been following the regional growth of Chinese language manufacturers in the last decade and turned into once fortunate to enhance them in his outdated capacity as an funding banker.
“With the unique US political panorama, the vogue is doubtless to grow,” the BIDA chief said, adding Bangladesh is concerned to “welcome” these merchants with tailored solutions.
