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15 November, 2019 00:00 00 AM
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Connectivity brings unimpeded trade

On May 27th, 2015, the Kunming-Dhaka cargo flight operated by Zhejiang Loong Airlines became the first regular international all-cargo flight in Yunnan province. The air route has provided rapid two-way transit of goods between Bangladesh and Yunnan and promoted business and trade exchanges between the two sides.

Bangladesh and Yunnan have made remarkable progress in the connectivity of transport facilities in recent years. In addition to the cargo flights, Yunnan has opened a number of passenger flights directly connecting Kunming and Dhaka, shortening the flight duration to two hours. The connectivity of transport facilities has vigorously promoted the mutual flows of people, logistics and capital. In 2018, according to Kunming Customs, the imports and exports between the two sides amounted to 1.034 billion yuan (US$147.323 million yuan), a year-on-year increase of 172.5 percent.

In 2015, with the increasing business connections between the two sides, Yunnan established a business representative office in Bangladesh to better serve investors in both countries. Since its inception, the business representative office has acted as a matchmaker for the cooperation between Bangladeshi and Yunnan  companies. It has caused to implement a number of Yunnan-invested projects in Bangladesh through investment and trade promotions and field investigations. In May 2017, thanks to the coordination by the business representative office, Kunming Iron and Steel Group paid a visit to Bangladesh, and now the group has signed a cooperative contract with its partner from Bangladesh.

The scope of economic and trade cooperation between Yunnan and Bangladesh is expanding as well. On November 6th of this year, while attending the 8th China-South International Cultural Forum in Kunming, the Mayor of Ghazipur Zahangir Alam said that Ghazipur has established a cooperative relationship with Shining Star Group, a Kunming-based company. The two sides agreed to establish an experimental zone and a special economic zone for cooperation in manufacturing, medicine, textiles and electronic devices.

Yunnan has opened a number of passenger flights directly connecting Kunming and Dhaka, shortening the flight duration to two hours. The connectivity of transport facilities has vigorously promoted the mutual flows of people, logistics and capital.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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