Recently, my country has sent a great piece of good news to Bangladesh. According to the latest announcement issued by the relevant departments of my country, from July 1, 2020, 97% of Bangladesh's tax products exported to my country will enjoy "zero charge" treatment.

　　 Statistics show that from January to September last year, my country’s total imports from Bangladesh reached US$790 million, a year-on-year increase of 7.2%. And textiles are also the main product of the country's exports to China. In the 2017-18 fiscal year, the country exported apparel commodities worth US$233 million to China. In addition to China, the European Union, the United States, and Canada are also important export markets for the country. As textile orders continue to increase, the country is also very optimistic about its export prospects-Bangladesh has set a target of 50 billion US dollars in clothing exports by 2021.

　　It is worth mentioning that as my country's manufacturing industry has been seeking transformation and upgrading in recent years, many apparel brands have sought to open factories overseas to achieve cost-effectiveness. This means that after the implementation of the above preferential measures, Mengguo will be able to attract more Chinese enterprises to invest and build factories locally.

　　 Statistics show that from January to September 2019, Chinese companies invested US$270 million in Bangladesh, a year-on-year increase of 123.3%. Xinhua reported at the end of last year that the Bangladesh Minister of Commerce stated that China is the largest source of foreign investment in Bangladesh and welcomes more Chinese investors to invest in Bangladesh.

　　However, the olive branch of China's cooperation with Bangladesh this time, as its important competitor, India's textile industry may not be easy. It is reported that the textile industry is an important industry for India's manufacturing industry. Textile and clothing exports in India accounted for up to 12% in fiscal 2018. However, due to the impact of the epidemic, the Indian Garment Manufacturers Association (CMAI) said in the middle and late April that without the support of the government, the textile industry may lay off 10 million people during the year.

　　 Even more surprisingly, seeing that its own textile industry is facing difficulties, India’s first reaction is not to seek to expand cooperation, but to launch investigations on textile materials in other countries. According to an announcement issued by the China Trade Relief Information Network, on May 21, 2020, the Indian Ministry of Commerce and Industry announced that it had initiated an anti-dumping investigation on polyester yarn products originating in China, Indonesia, Nepal and Vietnam.

　　The data shows that textiles and raw materials are the top three products exported by India to China. Now that my country and Bangladesh have reached a cooperation, if India continues to make relevant moves, I am afraid that it will completely lose its advantage in the competition with Bangladesh.

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