• 【理上网来·喜迎十九大】从依规治党到依法治国, 治党兴国与时俱进 2019-04-21
  • 兵团一集体一个人获誉全国非遗保护工作先进 2019-04-21
  • 杭州城研中心陪同里昂政治学院弗朗索瓦帕安赛奇教授一行调研杭州文创产业发展现状 2019-04-19
  • 湖州市启动中小学生校外培训机构治理 2019-04-16
  • 国家公务员局调研组来抚州调研 2019-04-08
  • 北京人来MALL赶“外贸大集” 2019-04-08
  • 四届市委第五轮巡察工作动员部署会召开 杨文英黄玉剑讲话 2019-04-07
  • 毛泽建:勇敢的女游击队长(为了民族复兴·英雄烈士谱) 2019-04-07
  • 国家级·西安经济技术开发区————西部网 陕西头条 2019-04-06
  • 《国家人文历史》文章精选 2019-04-06
  • 天天萌萌哒!识时务的猫星人 2019-04-05
  • 带动乡亲干 各自有实招——三位农村社区党组织书记的故事 2019-04-01
  • 【十九大·理论新视野】为什么强调执政党建设“伟大工程”? 2019-03-30
  • 《关于发展租赁型职工集体宿舍的意见(试行)》正式发布实施 2019-03-29
  • 一语惊坛(6月8日):友谊勋章是给国际友人的最高荣誉。 2019-03-25
  •  

    2018生肖104期号:BRI developments a boon to Bangladesh

    By Md Enamul Hassan
    0 Comment(s)Print E-mail www.clrex.com, March 16, 2019
    Adjust font size:
    A 3,140-ton span is placed on pillars of the Padma Bridge by a China-made crane vessel in Bangladesh Feb. 20, 2019. [Photo/Xinhua]

    四不像必中生肖图片 www.clrex.com Bangladesh historically enjoys good ties with China. The beginning of their relations dates back more than 2,000 years and was brought about primarily by the Silk Road. Both countries have long shared deep political, economic and people-to-people ties that have transformed in recent years into their current strategic partnership. 

    China is Bangladesh's largest trade partner and is also a major development partner in the building of infrastructure such as roads, highways, railways, airports and power plants. Bangladesh is also one of the major recipients of China's foreign aid. 

    In addition, Bangladesh is geographically located in a strategically important position that is considered a bridge between South and South East Asia. This area has grown increasingly important to China vis-a-vis its efforts to realize the Belt and Road Initiative (BRI) that Bangladesh has endorsed and been reaping dividends since 2016. 

    Against such a backdrop, any decisive and major developments in any of the two countries can easily influence each other. The second session of the 13th National People's Congress (NPC) and the second session of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) , briefly called "Two Sessions," reaffirmed the importance of this strategic relationship. The commitments by the Chinese leadership in the sessions to step up global cooperation under the BRI have come as a big boon for Bangladesh as one of the important partners of the initiative.

    Bangladesh is determined and has made significant strides towards becoming a Middle Income Country (MIC) by 2021 to mark the 50th anniversary of its independence. However, to reach this goal, the South Asian nation has to raise and maintain its gross domestic product (GDP) growth rate to 7.5-8 percent every year (up from the current 7 percent). The BRI is a timely and essential tool for Bangladesh to achieve that. 

    Visitors view a car at a motor show in Dhaka, capital of Bangladesh, on March 14, 2019. [Photo/Xinhua]

    Economists are of the view that to ensure the optimum rate of its GDP growth, Bangladesh must bring in more investment, boost exports and increase remittance inflows, which are major driving forces of its current economy. The BRI has a lot to contribute in these three areas. 

    To increase its investment to the optimum level, Bangladesh must improve its infrastructure, which incidentally is also one of the major components of the BRI. When it comes to boosting exports, the same holds true, bearing in mind that without adequate infrastructure it is impossible to diversify exports and explore new markets for them. In this regard, the BRI is a blessing for Bangladesh as it requires more than US$24 billion in infrastructure spending every year to become an MIC. 

    As part of infrastructural improvement, Bangladesh also requires upgrades in its service providing systems and Information Communication Technology (ICT) is the best option for it. Though the South Asian nation has progressed a long way in digitization under the slogan "Digital Bangladesh," it still has a lot to learn from China, especially from its experience as the second largest economy of the world.

    As China is now more determined to promote internet connectivity and collaboration on building technology transfer platforms among BRI countries, Bangladesh can take this opportunity to forge meaningful and multi-faceted cooperation with the East Asian nation and its BRI partners in the future.

    Another benefit of the initiative is that it opens the doors for Bangladesh to explore alternative markets for its export goods as the BRI will establish more connectivity among Asian nations. At present, Western countries are the main destinations for Bangladeshi exports. 

    Participants of Bangladesh-China Youth Camp pose for group photos during an orientation program at the Chinese Embassy in Dhaka, Bangladesh on Aug. 30, 2018. [Photo/Xinhua]

    Bangladesh has to produce high quality professionals and workers to boost remittances from abroad. This is made more possible under the BRI cooperation, which will help more Bangladeshi students receive world-class education and training in China as well as get jobs in BRI partner countries. 

    To ensure sustainable development, Bangladesh must create better jobs for its youths especially since more than 2 million of them enter the job market every year. The BRI can be a big boon to these aspirants as it can create a huge number of jobs with its major projects at home and abroad. 

    The BRI can bring more opportunities and privileges to boost the economy of Bangladesh. This will result in the overall advancement of the country and its people as the economic betterment will help to improve other indicators of the human development including health and education. China's "Two Sessions" have really brought some good news for Bangladesh under the cover of the BRI this year.

    The author is the diplomatic correspondent with the Daily Sun, Bangladesh. 

    Opinion articles reflect the views of their authors only, not necessarily those of www.clrex.com.


    If you would like to contribute and have specific expertise, please contact us at [email protected]

    Follow www.clrex.com on Twitter and Facebook to join the conversation.
    ChinaNews App Download

    Go to Forum >>0 Comment(s)

    No comments.

    Add your comments...

    • User Name Required
    • Your Comment
    • Enter the words you see:   
      Racist, abusive and off-topic comments may be removed by the moderator.
  • 【理上网来·喜迎十九大】从依规治党到依法治国, 治党兴国与时俱进 2019-04-21
  • 兵团一集体一个人获誉全国非遗保护工作先进 2019-04-21
  • 杭州城研中心陪同里昂政治学院弗朗索瓦帕安赛奇教授一行调研杭州文创产业发展现状 2019-04-19
  • 湖州市启动中小学生校外培训机构治理 2019-04-16
  • 国家公务员局调研组来抚州调研 2019-04-08
  • 北京人来MALL赶“外贸大集” 2019-04-08
  • 四届市委第五轮巡察工作动员部署会召开 杨文英黄玉剑讲话 2019-04-07
  • 毛泽建:勇敢的女游击队长(为了民族复兴·英雄烈士谱) 2019-04-07
  • 国家级·西安经济技术开发区————西部网 陕西头条 2019-04-06
  • 《国家人文历史》文章精选 2019-04-06
  • 天天萌萌哒!识时务的猫星人 2019-04-05
  • 带动乡亲干 各自有实招——三位农村社区党组织书记的故事 2019-04-01
  • 【十九大·理论新视野】为什么强调执政党建设“伟大工程”? 2019-03-30
  • 《关于发展租赁型职工集体宿舍的意见(试行)》正式发布实施 2019-03-29
  • 一语惊坛(6月8日):友谊勋章是给国际友人的最高荣誉。 2019-03-25
  • 山东时时彩走势图百度百度贴吧 排列三开奖号 体彩20选5怎样算中奖号码 快乐飞艇计划软件 北京时时彩pk10走势图 娱乐平台 生肖时时彩票 2010年排三开奖分布图 足球14场胜负彩票 七乐彩图表走势 全屏海报轮播代码 重庆时时彩改成欢乐生肖 双色球红球复式投注查询表 12生肖时时彩方法 3d彩票走势图 公益助学体彩在行动中彩网