Move to woo investment

Staff Correspondent

Bangladesh will set up an exclusive economic zone (EEZ) for the Chinese businessmen to woo investment in the country, an adviser said on Thursday.

Chief adviser Fakhruddin Ahmed while meeting the Chinese president, vice president, prime minister and business leaders said Bangladesh was open to Chinese investment.
 
He pledged all necessary physical infrastructure facilities for them, foreign adviser Iftekhar Ahmed Chowdhury told bdnews24.com by telephone.
 
The EEZ will offer all infrastructure like buildings, roads, electricity, gas and other utilities and Bangladesh's trade laws will not be applicable to the EEZ investors.
 
"We have told them that we will set up an exclusive economic zone for the Chinese businessmen," Iftekhar, who was accompanying Fahkruddin, said at 6:50pm BdST from Hong Kong as they were on way to Bangladesh.
 
"The Chinese authorities have said that they will encourage Chinese businesses to invest in Bangladesh and showed particular interest in the planned EEZ for the Chinese investors," said the foreign adviser.
 
The interim government has taken initiatives to set up EEZs for Korean businessmen in Chittagong and for expatriate Bangladeshis in Sylhet.
 
The chief adviser and his entourage left Beijing on Thursday on a Dragon Airlines flight and are scheduled to fly in at 12:25am on Friday), according to the immigration wing at the Zia International Airport.

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