EFSAS comments on where Bangladesh stands on the eve of two big elections
January 27, 2023
The escalating competition between the United States (US) and China in the last few years has meant that Bangladesh has had to carefully balance its relationship with these countries. Dhaka views both as important for Bangladesh’s long-term interests, and would like cordiality and cooperation with each. Bangladesh’s economy is highly dependent on the US, which is the largest market for Bangladeshi goods. Bangladesh is also one of the largest recipients of US assistance in Asia. At the same time, Bangladesh’s economic relationship with China is strong, and Beijing’s trade, investment, and loans to Bangladesh are worth around $60 billion.
