A business council meeting held on Thursday focused on ways of cooperation in trade and logistics in the sub-regions of Bangladesh, China, India and Myanmar (BCIM) under the Covid-19 epidemic situation.
Participants reviewed and summarised key tasks of BCIM in 2020 and discussed promotion projects of the council in 2021 in the virtual meeting.
BCIM Business Council Yunnan Office organised the meeting while China Chamber of International Commerce (CCIC), the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Confederation of Indian Industry (CII), and Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) hosted the event.
Wu Meng, Deputy Director-General of Department of Cooperation and Development of CCIC, presided over the function.
The council aims at establishing a consultation mechanism for the industrial and commercial circles in the region, giving play to the leading role of pragmatic cooperation, and promoting communication and cooperation among the four countries’ chambers of commerce and industry.
During the discussion, FBCCI President Sheikh Fazle Fahim said Regional Value Chain Initiatives (RVCI) are for focused and targeted sectoral ecosystem of industries.
“We may strategise RVCI with raw materials, knowledge, expertise from BCIM member countries for respective domestic industry while maximising production competitive edge of Bangladesh, export to BCIM market and beyond, maximising our value chains with global implications based on shared resources and knowledge,” he said.
He added that energy, multi-modal transportation, joint seed development, agri-mechanisation, mechanisation components, agro-food processing, MSMEs, startup ecosystem, health tech, fin tech, edu tech, construction, shipbuilding, high value textile, jute, durable consumer goods, service cooperation in logistics, light engineering, automobile and motorbike components, defense armament, software, hardware, cyber security equipments and hospitality are some of the highly prospective areas for joint ventures.
CCIC, Consul General of Bangladesh in Kunming, Consul General of India in Guangzhou, Consul General of Myanmar in Kunming and Liu Qilin, Secretary of the Party committee of CCPIT Yunnan Sub-Council spoke in the programme.