We have the pleasure to announce that International Chamber of Commerce (ICC)- Bangladesh, The world business organization jointly with ICC China will organize ICC Seminar on “Bangladesh- China Trade Finance: Role of Banks” in Kunming, China on 21-22 August, 2015.
China is the largest trading partner of Bangladesh, with total bilateral trade volume coming to $8.287 billion in fiscal 2013-14. However, it is expected to grow to more than $10 billion in this current fiscal year. In fiscal 2013-14, Bangladesh imported $7.5 billion worth of goods from China and exported only $746.20 million worth of goods to China. So there is ample scope of not only increasing export from Bangladesh to China but also re-locating labour intensive industries from China to Bangladesh.
China, today, with almost $10 trillion of GDP, is the second largest economy and the largest exporter in the world having the highest foreign exchange reserve of about $4 trillion. In the global landscape, five Chinese corporate houses stand in the top ten. Over the next five years, there will be some major developments in China: $500 billion is expected to be invested by the government and Chinese corporate houses in different countries; China is expected to import $10 trillion worth of products and export products worth $20 trillion; and 400 million Chinese tourists will travel to various destinations. Bangladesh can tap into this potential.
Objective of the Seminar:The Seminar has been designed for participants to understand and discuss on the ICC Rules & Tools as well as the requirements of the central banks, country specific laws, new provisions and how the changes will impact trade between Bangladesh and China. The Seminar is also expected to deliver on the issues that the banks and businesses should adhere to in order to avoid risks in non-payment and/or lengthy legal complications in settlements of dues.
Participants : The Seminar will be of significant benefit to senior officials of the central banks and commercial banks of China and Bangladesh to understand and take guard against the risks involved and how to resolve issues to facilitate expansion of trade and investment between the countries.
Speakers: Senior Executives of the foreign exchange regulators of Bangladesh Banks and China, MDs/CEOs and senior officials of foreign and local commercial banks of the two countries are likely to speak and present some cases to be discussed during the seminar.