Originally posted in The Business Standard on 28 June 2026
What the PM’s China trip means for Bangladesh’s trade, diplomacy and regional strategy
As Prime Minister Tarique Rahman returned from his recent China visit, economists, diplomats and strategic analysts see opportunities in trade, water governance, regional connectivity and infrastructure development. However, they also caution that Bangladesh must carefully balance relations with China, India and the West while safeguarding its long-term national interests
‘China ties key for Bangladesh’s post-LDC trade strategy’
Dr Mustafizur Rahman, Distinguished Fellow, Centre for Policy Dialogue
Traditionally, China has been our largest trading partner and commercial hub, and naturally much of the discussion continues to revolve around strengthening that relationship.
At present, several MoUs have been signed in principle, although implementation will take time. The final decisions are still under discussion, but overall the developments appear encouraging from our perspective.
Once the signal mechanism is fully operational and the secondary indicators begin to align, particularly when certain thresholds are crossed, the situation will become clearer. Therefore, we believe further study and careful assessment are necessary before moving forward.
In particular, there has been renewed discussion about reviving the Chinese Special Economic and Industrial Zone initiative. Previously, the project stalled and some Chinese companies withdrew. However, efforts are now underway to restructure and reopen the initiative through alternative arrangements. This remains an important strategic objective.
Targeting the Chinese market is highly significant for us. Expanding market access for products and strengthening trade strategy are both essential priorities. Bangladesh’s geographical position also creates opportunities for triangular regional cooperation involving neighbouring countries and wider Asian markets. And it will help us after our LDC graduation as well.
Another major consideration is China’s growing strength in advanced technologies, especially in renewable energy and modern industrial development. Bangladesh is keen to explore opportunities in automated industries and technology-driven manufacturing sectors in collaboration with China.
Going forward, we want to continue reviewing these opportunities carefully and determine how best to proceed through constructive dialogue and coordinated planning. Reducing communication barriers and using clearer, simpler language in discussions will also be extremely important.
Overall, it appears that these matters will continue to be the subject of extensive discussion and negotiation in the future.
Dr Mustafizur Rahman spoke to TBS’ Shadique Mahbub Islam.
