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Japan urged to make more investment in Bangladesh
April 11th, 2023 at 3:34 pm
Japan urged to make more investment in Bangladesh

by Staff Correspondent,

Dhaka – Dhaka has urged Tokyo for more Japanese investment in Bangladesh to take advantage of Bangladesh’s favorable investment climate, especially in the special economic zones, and make it mutually beneficial.

The call was made at the 5th Japan-Bangladesh public-private joint economic dialogue, conducted virtually on Tuesday, ahead of a proposed visit by Bangladeshi Prime Minister Sheikh Hasina to Japan. Hasina is likely to visit the East Asian country by the end of this month.    

A press release of the Prime Minister’s Office (PMO) said Principal Secretary to the Prime Minister Tofazzel Hossain Miah led the Bangladesh delegation, while HIRAI Hirohide, Vice-Minister for International Affairs, Ministry of Economy, Trade and Industry (METI) led the Japan side.

Japan, by turn, was the host country for this economic dialogue, but considering the current global economic condition the dialogue was held online.

Both Bangladesh and Japan discussed future plan in expanding the business of Japanese investors in Bangladesh and expressed satisfaction on the progress made in the activities of Bangladesh Special Economic Zone in Araihazar Upazila of Narayanganj district based on G2G (government to government) model.

The Japanese side made comments on the existing Japanese investment in Bangladesh as well as on the future plan of investment and cooperation in different sectors of Bangladesh on priority basis.

At the same time, they briefed on different measures to be taken by Bangladesh for more Japanese investment.

Bangladesh assured Japan that it will provide all kinds of cooperation from to expand investment in the country.

Japan has expressed satisfaction with the progress of the programs implemented in Bangladesh and hoped that this progress will continue in the future without interruption.

The meeting discussed that Prime Minister Sheikh Hasina’s visit to Japan in 2014 marked the beginning of a new horizon of economic relations between the two countries.