Bangladesh's premier looks to China, Malaysia for investment, jobs in first trip

WorldBusiness & Finance
21 Jun 2026 • 10:54 AM MYT
Media Selangor (EN)
Media Selangor (EN)

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Bangladesh's premier looks to China, Malaysia for investment, jobs in first trip

DHAKA, June 20 - Bangladesh’s Prime Minister Tarique Rahman will embark on his first overseas trip since taking office on Sunday, visiting Malaysia and China in a mission aimed at attracting investment, boosting overseas employment and signalling foreign policy priorities.

The six-day trip comes as Rahman's administration seeks foreign capital to support an ambitious economic agenda, while strengthening ties with key Asian partners.

Rahman will leave for Kuala Lumpur on Sunday afternoon to meet with Malaysian Prime Minister Datuk Seri Anwar Ibrahim, before travelling to China on Monday for a three-day official visit at the invitation of Chinese Premier Li Qiang.

Image from: Bangladesh's premier looks to China, Malaysia for investment, jobs in first trip
The Premier of China Li Qiang speaks during the 26th Asean-China Summit, at the 43rd ASEAN Summit in Jakarta, Indonesia, on September 6, 2023. - Picture by REUTERS

Bangladesh aims to sign bilateral deals in China

Foreign Secretary Asad Alam Siam told the media that a key outcome to watch during the China visit will be the signing of 15 to 17 bilateral instruments, while confirming that discussions on the long-delayed Teesta River project would be on the agenda.

Rahman is scheduled to meet Premier Li on June 25 and President Xi Jinping on June 26.

He will also attend the World Economic Forum's Annual Meeting of the New Champions, known as the Summer Davos Forum, in the northeastern Chinese city of Dalian, where global business and political leaders will discuss growth, innovation, and emerging technologies.

The Chinese leg of the tour comes as Dhaka seeks to deepen ties with one of its largest trading partners and development financiers.

The visit follows the government’s recent approval of a 41.89 billion taka (RM1.4 billion) infrastructure project for the Chinese Economic and Industrial Zone in Chittagong, backed by 24.67 billion taka (RM832 million) in concessional Chinese loans.

The project is expected to create around 100,000 jobs and attract more than US$500 million (RM2.06 billion) in foreign direct investment during its initial phase.

In Malaysia, discussions are expected to focus on labour migration, recruitment of Bangladeshi workers, and broader economic cooperation.

Malaysia remains one of the largest destinations for Bangladeshi migrant workers, whose remittances are a crucial source of foreign exchange for the South Asian nation.

Image from: Bangladesh's premier looks to China, Malaysia for investment, jobs in first trip
Prime Minister Datuk Seri Anwar Ibrahim and Bangladesh chief adviser Muhammad Yunus speak at a Malaysia-Bangladesh MOU signing ceremony in Putrajaya on August 12, 2025. - Picture via FACEBOOK/MUHAMMAD YUNUS

Ties with India have improved, but tensions persist

The trip also has broader diplomatic significance.

Former prime minister Sheikh Hasina, who was ousted during a mass uprising in 2024 and has since been living in India, was widely seen as closer to New Delhi but maintained ties with both India and China, securing significant Chinese-backed infrastructure investments.

While relations between Dhaka and New Delhi have improved since Rahman’s government took office in February, disagreements remain, including border tensions and alleged migrant push-ins across the frontier.

"Although ties with India have improved somewhat, tensions persist, notably over border issues. Strengthening relations with China reflects Dhaka's broader effort to balance its external partnerships.

"The visits are as much economic as diplomatic. China is crucial for investment, while Malaysia remains key for overseas employment - both align with the government's economic priorities," said the University of Dhaka's development studies professor Asif Shahan.

Image from: Bangladesh's premier looks to China, Malaysia for investment, jobs in first trip
Bangladesh Nationalist Party chairman Tarique Rahman speaks at a media conference after voting outside a polling station during the 13th general election in Dhaka, Bangladesh, on February 12, 2026.