Hong Kong businesses conclude visit to Bangladesh

A business delegation from Hong Kong visited Bangladesh recently in search of investment opportunities as part of efforts under Xi Jinping’s signature Belt and Road Initiative.

The delegation of Chinese Manufacturers’ Association of Hong Kong, the highly prosperous special administrative region of China, concluded their three-day visit, on the invitation of Bangladesh Investment Development Authority (BIDA), on Saturday, said a press release.

BIDA organized a seminar where ‘business match-making’ session at a city hotel in the capital between Bangladeshi companies and businesses from Hong Kong took part aiming to foster a strong business ties between Hong Kong and Bangladesh.

BIDA Executive Chairman Kazi M Aminul Islam said this business trip will open up many opportunities between Hong Kong and Bangladesh.

“Besides manufacturing and export, Bangladesh has great opportunities in its domestic market, which will fully flourish within few years,” said Dr. Dennis W.P. Ng, President of the CMAHK, who led the delegation.

Ng praised the talented and ‘focused’ workforce of Bangladesh, that he witnessed firsthand on a visit to the Chinese-owned Unimas Sportswear factory in Gazipur with journalists from Hong Kong. The amount they can save on labour costs is still thought to be the most potent way to attract foreign investors.

The delegation also held a meeting with Foreign Minister A K Abdul Momen during the stay here, besides other relevant officials.