Notwithstanding duty-free market access to China, Bangladesh is yet to exploit the full potential that remains untapped still in the Chinese market due to lack of product diversification.
This was underlined in a recent seminar which maintained at present Bangladesh’s share in the total Chinese goods imports is 0.04 per cent and if Bangladesh could increase its share to 1 per cent of the total Chinese import, the amount would be US $ 27 billion even if China imports goods worth US $ 2.7 trillion a year.
Chairman of the Research and Policy Integration for Development, Abdur Razzaque, stated this while addressing seminar on ‘Making the Most of Market Access in China: What Needs to be Done’ in Dhaka recently.
It may be mentioned here apart from apparels, Bangladesh mostly exports jute and jute products, fish and some basic leather items to China.
