Five decades of friendship: Bangladesh’s trade and BRI-led growth

On October 4, 2025, China and Bangladesh commemorated a historic milestone—the 50th anniversary of their diplomatic relations. This golden jubilee not only celebrates decades of friendship but also highlights the transformative impact of trade and investment, particularly through China’s Belt and Road Initiative (BRI). The relationship between these two nations exemplifies South-South cooperation, demonstrating how countries with different political systems can unite for mutual development and regional stability. Since Bangladesh joined the BRI in 2016, China has pledged $24 billion in loans and aid, fueling critical infrastructure projects such as power plants, bridges, and industrial parks. These investments have propelled Bangladesh’s transition from a least developed country (LDC) to a middle-income economy. Trade between the two nations has surged, with Bangladesh’s imports from China skyrocketing from $6.4 billion in 2012 to $20.2 billion in 2022. The BRI has also facilitated market integration and connectivity, enabling Bangladesh to import industrial equipment and raw materials essential for its booming apparel industry. Despite a trade imbalance, China has taken steps to address Bangladesh’s concerns, offering duty-free access to 99% of Bangladeshi products and discussing a Free Trade Agreement (FTA). The partnership has proven resilient, even during the pandemic, with ongoing infrastructure projects and trade facilitation supporting Bangladesh’s economic recovery. As Bangladesh leverages the BRI to fund green energy and digital expansion, this enduring alliance promises to drive growth and regional integration for decades to come.