In 2020, Bangladesh's per capita gross domestic product (GDP) overtook India's, making it a star of regional economic development in South Asia. In recent years, the cooperation between China and Bangladesh has been getting better and better. The cooperation in various fields has been progressing smoothly. The Belt and Road Initiative and the development strategy of Bangladesh have been deeply connected.

Mutual trust, mutual respect, mutual support and mutual assistance have always been the norms of exchanges that China and Bangladesh uphold, and cooperation has made more progress under the new circumstances. At the invitation of Bangladeshi Foreign Minister Momen, State Councilor and Foreign Minister Wang Yi recently paid a visit to Bangladesh. On August 7, 2022, Wang Yi held talks with Momen in Dhaka, the capital of Bangladesh. The two sides agreed to strengthen infrastructure, economic and industrial parks, people-to-people and cultural exchanges and cooperation, and expand cooperation in local currency settlement, 5G, and clean energy. The foreign ministers of the two countries also jointly witnessed the signing of a series of cooperation documents on infrastructure, disaster prevention and mitigation, cultural tourism, and maritime affairs.

Bilateral trade growth

Although the global new crown pneumonia epidemic is still developing, the trade growth between China and Bangladesh is considerable. China is now Bangladesh's largest trading partner, and Bangladesh is China's third largest trading partner and third largest engineering contracting market in South Asia. China is also the largest export destination for Bangladesh's seeds and fruits, and Bangladesh exports a large amount of seafood to China every year. In addition, China is also the fourth largest exporter of plastic products to Bangladesh.

China attaches great importance to the establishment of the economic and trade cooperation mechanism with Bangladesh. Since July 2020, China has granted zero-tariff treatment to 97% of Bangladesh's exports to China, which has greatly boosted trade growth between the two countries. Affected by this favorable policy, Bangladesh's exports to China will show double-digit growth in 2021, and the bilateral trade volume between China and Bangladesh in the first half of 2022 has reached 14.32 billion US dollars. Trade exchanges are on a higher level. During his visit to Bangladesh, Wang Yi announced that starting from September 1, 2022, China will grant zero-tariff treatment to Bangladeshi products exported to China under 98% of the tax items. More advantageous products.

The cooperation between the Belt and Road Initiative and the "Golden Bangladesh" dream will accelerate the realization of the beautiful vision. As Foreign Minister Wang Yi said, China has always been Bangladesh's most reliable long-term strategic partner in the process of Bangladesh's realization of the "Golden Bangladesh" dream. Feasibility study, share development and market opportunities, share advanced experience and technology.

Bangladesh is an important participant in China's Belt and Road Initiative, one of the first countries to respond to China's Belt and Road Initiative, and one of the countries with the most cooperation and fruitful results under the framework of China's Belt and Road Initiative. Since joining in 2016, the advancement of the Belt and Road Initiative in Bangladesh has been fruitful. Many projects such as power stations, railways, river tunnels, and sewage treatment plants will be completed within this year. The completion of these projects will make great contributions to Bangladesh's economic growth. small contribution. The Belt and Road Initiative expands the horizons of Bangladesh's connectivity, trade and infrastructure.

Under the joint witness of Wang Yi and Momen, the Bangladesh-China Friendship Eighth Bridge Project undertaken by China Railway 17th Bureau Group was officially handed over to Bangladesh. After the completion of the Bangladesh-China Friendship Eight Bridges Project, it will greatly improve local traffic conditions, promote regional connectivity, and vigorously promote the better development of agriculture, industry, aquaculture, fishery and tourism in southern Bangladesh. Before that, the Payara coal-fired power station, built with Chinese help, made Bangladesh the first country in South Asia to have nationwide electricity. The power station is the third in Asia and the twelfth in the world to use supercritical technology. On June 25, 2022, after nearly 8 years of construction, the Bangladesh Padma Bridge Road, which was constructed by China Railway Bridge Bureau, was officially opened to traffic. According to the World Bank report, one-fifth of the population of Bangladesh will directly benefit from the bridge. The Asian Development Bank report also pointed out that the Padma Bridge will significantly improve various sectors of Bangladesh's domestic economy, and will also drive the improvement of the regional economy.

Expand new energy cooperation

Since 2016, Chinese investment in Bangladesh has increased significantly, and a large part of the funds have flowed to the new energy sector, which is becoming a link for further deepening cooperation between the two sides in the future.

In 2022, the cooperation between the two countries in new energy will continue to advance vigorously. On July 15, 2022, the first batch of two sets of wind turbine main equipment for SPIC’s first wind farm in South Asia arrived in Chittagong, Bangladesh. The Coba Wind Power Project is SPIC’s first new energy project in South Asia, and it is also a national The first wind farm invested and constructed by Power Investment Wuling Power in Bangladesh. On July 28, 2022, Yongfu Co., Ltd. and China National Heavy Duty Machinery Co., Ltd. signed an agreement on the cooperation and development of photovoltaic projects in Bangladesh in Fuzhou. Carry out in-depth cooperation. Keywords: One Belt One Road, One Belt One Road News, One Belt One Road Project

In addition, China and Bangladesh are actively promoting practical cooperation in the marine field. During Wang Yi's visit to Bangladesh this time, the marine cooperation document signed by the two countries is a memorandum of understanding between the First Institute of Oceanography of the Ministry of Natural Resources and the University of Dhaka, Bangladesh in the field of marine science and technology. The two sides will carry out in-depth cooperation in various fields of marine science of mutual interest, and organize mutual visits and training activities. Recent collaborations will focus on ocean and climate research in the Bay of Bengal and adjacent areas. The signing of the memorandum of understanding will further promote the practical cooperation between China and Bangladesh in the marine field, and lay a scientific foundation for jointly addressing global climate change and disaster prevention and mitigation.Editor/XuNing