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Nia Simpson
Bangladesh Urges China to Lower Interest Rates During High-Level Meeting
Bangladesh has requested China to lower interest rates on loans during a meeting between interim leader Muhammad Yunus and President Xi Jinping. The meeting resulted in multiple agreements and announcements, including cooperation in water resource management and investment negotiations, while marking the 50th anniversary of diplomatic ties.
Bangladesh has requested China to consider reducing interest rates on Chinese loans. This request was made by Muhammad Yunus, the head of the transitional government, during his meeting with Chinese President Xi Jinping in Beijing. Yunus was accompanied by Shafiqul Alam, his press secretary, who communicated that China would positively consider issues raised by Bangladesh, including cooperation in water resource management.
During their discussions, President Xi emphasized the stable and consistent nature of China’s neighborly policy toward Bangladesh. He expressed China’s commitment to being a reliable partner for mutual trust, indicating an eagerness to enhance cooperation to benefit both nations.
The year 2023 marks a significant milestone, celebrating the 50th anniversary of diplomatic relations between China and Bangladesh. Xi stated that China is prepared to collaborate with Bangladesh to elevate their partnership further. He also noted plans to encourage Chinese investments and the relocation of Chinese manufacturing enterprises to Bangladesh.
Yunus’s visit to China, lasting four days, marks his first official foreign trip since assuming office in August, following the ouster of former Prime Minister Sheikh Hasina. During this visit, the two governments have signed one agreement on economic and technical cooperation, along with eight Memorandums of Understanding (MoUs), particularly in the health sector.
The discussions also led to five significant announcements, which include launching formal negotiations on investment, commencing the China Industrial Economic Zone, signing a commercial agreement for upgrading Mongla sea port, and establishing a robot physiotherapy and rehabilitation center in Bangladesh. Notably, just weeks prior, Xi had hosted Hasina in Beijing and pledged substantial economic assistance to Dhaka.
In conclusion, Bangladesh’s appeal to China for a reduction in interest rates on loans reflects a deepening bilateral relationship as both nations celebrate an important diplomatic anniversary. The fruitful discussions led to several agreements and announcements that signify a commitment to enhance cooperation in various sectors, including investment and healthcare. This visit underscores the transitional government’s efforts to secure economic support amid ongoing political challenges.
Original Source: www.aa.com.tr
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