Xi overseas package of deals with Bangladesh, giving push to ‘One Belt’ vision
First visit by Chinese head of state in 30 years sees agreements reached in infrastructure, energy and climate change
China and Bangladesh signed a raft of deals and upgraded their ties to a “strategic partnership” as Chinese President Xi Jinping visited Dhaka on Friday.
Xi’s trip, the first by a Chinese head of state to Bangladesh in 30 years, is part of China’s ambition to advance its “One Belt, One Road” initiative.
Some 26 agreements and memorandums of understanding were signed, covering areas including infrastructure, energy, climate change and cooperation on counterterrorism, the local Daily Star reported. The signings were overseen by Xi and Sheikh Hasina Wajed, Bangladesh’s prime minister. No value was given for the package but earlier reports said loans worth more than US$23 billion would be extended to fund a series of big infrastructure projects.
The two leaders also unveiled six projects, including a multi-lane tunnel beneath the Karnaphuli River, the key waterway in the port city of Chittagong, according to the Daily Star.