FBCCI’s decision on trade with China pending

Shafiqul Islam
Published : 00:00, Feb 11, 2020 | Updated : 00:00, Feb 11, 2020

FILE PHOTOLeading business organization, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) cannot take any decision on trade with China before Thursday (Feb 13).
China had general holiday till Feb 5 due to Chinese New Year’s but after the death of several hundred people due to Coronavirus, a national epidemic was declared with the general holiday extended till Feb 13.
For relevant reason, banks, offices, factories are closed in China so the FBCCI has decided to observe the situation and delay the submission of a trade related report at the commerce ministry.
On Feb 6, Commerce Minister Tipu Munshi talked to journalists about the position of Bangladesh in regards to trade with China and said that the ministry will take the next stem based on the report submitted by FBCCI.
Meanwhile, commerce ministry sources say that the government wants to maintain trade links with China at any cost.
Almost all of the raw materials of the garment industry in Bangladesh are imported from China in addition to cotton, thread, ginger, garlic etc.
The trade with China is worth a few billion Dollars. As per reports of Chinese media, more than 850 persons were affected by Coronavirus have died with thousands suffering.
To tackle the situation, Chinese government was forced to construct a hospital and news agencies have reported that many have recovered and went back home.