Commerce Minister Khandakar Abdul Muktadir -File photo

SYLHET, June 27, 2026 (BSS) - Commerce Minister Khandakar Abdul Muktadir has said increased Chinese investment in Bangladesh would help reduce the country's trade deficit with China.

Speaking to journalists after a reception for new members of the Sylhet District Bar Association today, he said China has already granted duty-free access for all Bangladeshi products. 

The government's strategy now is to attract more Chinese investment to Bangladesh to make better use of this opportunity, he added.

"The key strategy for increasing exports to China is to bring more Chinese investment here. If investment increases, production will take place in Bangladesh, exports will rise, and the trade deficit will decrease," he said.

He noted that a decision has been taken to establish an 800-acre Chinese industrial park in Chattogram, which is expected to boost Chinese investment, industrialization and employment.

Referring to the Prime Minister's recent visit to China, he said discussions with top Chinese leaders and investors are expected to result in significant investment inflows.

The minister also said that linking Bangladesh with the China-Myanmar Economic Corridor could allow goods to be transported to China by truck within 24 hours, further enhancing trade opportunities.

On the legal sector, he emphasized the role of lawyers in upholding justice and constitutional rights, calling for unity and professional development within the legal community. 

He stressed the need for modern training, including the use of artificial intelligence (AI), legal research, and courtroom skills, to build a more capable legal workforce.

He added that a new law with strict penalties to curb online gambling has been placed in parliament and is expected to be passed soon. 

Initiatives are also underway to establish special tribunals for faster disposal of drug-related cases, he added.

The minister urged collective efforts from the government, judiciary and legal professionals to ensure justice, rule of law, and national development.

The event was attended by senior judicial officials, Bar Association leaders and local dignitaries.