[🇧🇩] Strategic Aspect of Bangla-Japan Relation

[Saif]

Source : https://www.thedailystar.net/business/news/bangladesh-initiates-talks-japan-sign-economic-partnership-agreement-3565036

Bangladesh initiates talks with Japan to sign Economic Partnership Agreement

Photo: Star
The government today began the negotiation to ink the Economic Partnership Agreement (EPA) with Japan in order to retain the duty benefit after Bangladesh's scheduled graduation to a developing nation in 2026.

State Minister for Commerce Ahsanul Islam Titu formally announced the launching of the negotiation at a press conference at his ministry office in Dhaka.

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Bangladesh will face more than 18 percent duty on the export of goods after 2026 if the EPA is not signed, said Senior Commerce Secretary Tapan Kanti Ghosh.

IWAMA Kiminori, ambassador of Japan to Bangladesh, also spoke.​

 

[Saif]

Bangladesh-Japan relations on the right track

Greater Japanese investment vital in achieving our development goals

www.thedailystar.net

Bangladesh-Japan relations on the right track​

Greater Japanese investment vital in achieving our development goals

VISUAL: STAR

We are delighted by the increasing prospect of Japanese investors coming to Bangladesh. Over the years, the bilateral relation between the two countries has improved exponentially to the point where Japan is now one of our most integral partners. Last April, Japan's relationship with Bangladesh was upgraded to a "strategic" one from the previous comprehensive relationship, as recently emphasised by Japan's economy, trade and industry minister.

As a number of Japanese companies are now looking to shift operations to various parts of Asia, the minister also said that Bangladesh has the potential to attract many of them, which would be a massive boon for investment here, and could lead to numerous added benefits such as increased job creations.


Japanese company Honda already opened its factory in Bangladesh some years ago. A Japanese information technology company, BJIT, has also started production in the country. We are, however, yet to see large-scale relocation of factories to Bangladesh, which will hopefully change once the Japan economic zone, being developed at Araihazar in Narayanganj, is complete. Additionally, the large-scale infrastructure development that has been happening in Bangladesh should inspire more foreign businesses to set up shop here to take advantage of Bangladesh's competitive advantages.​

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In 2022, Bangladesh received more than $100 million in investment from Japan, a record high, as the number of Japanese companies quadrupled in the country over the last decade. To take bilateral relations to the next level, both countries are now working to sign an Economic Partnership Agreement (EPA) to accelerate trade and investment. This, indeed, should be great news for all stakeholders.

However, in order to make the most of our growing economic and business relations, the Bangladesh government should conduct proper research and focus more on improving business conditions that can attract Japanese – and other – businesses to invest and conduct their manufacturing and operational activities out of Bangladesh. In terms of which sectors are showing the greatest promise, the Japanese side has already identified them. Now, it is up to our government to formulate policies in a way that can best compliment the growth of these sectors.

The decision by the Bangladesh government to set up a one-stop service centre for foreign businesses is expected to make life easier for them, and attract more of them. But there are still other ways for the government to further improve the overall business environment, and we hope that it will now shift its focus towards achieving those goals. But aside from the growing private investment, we hope to see even greater investment by the Japanese government in Bangladesh, so that the latter's goal of achieving rapid development and industrialisation can soon become a reality.​

 

[Saif]

Remembering Shinzo Abe: Tragic death of an Asian statesman

From the moment he appeared on the world stage, Shinzo Abe, Japan’s most compelling politician in a generation, was cut from a different cloth.

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Remembering Shinzo Abe: Tragic death of an Asian statesman​

Shinzo Abe (1954-2022) Reuters file photo

From the moment he appeared on the world stage, Shinzo Abe, Japan's most compelling politician in a generation – perhaps even in the entire post-war era – was cut from a different cloth. Whereas the norm for Japanese leaders during this period has been being the efficient, managerial type, who could be relied upon to not rock the boat, Abe, who was assassinated at a political event on July 8, broke the mould by defining himself in terms of the political vision he espoused with such clarity and purpose.

His distinctive lineage was steeped in politics: maternal grandfather Nobusuke Kishi was part of Japan's war cabinet during World War II (while paternal grandfather Kan Abe sat in the opposition benches in the National Diet, campaigning to end the war), and was later prime minister as well under the new, pacifist constitution that Japan adopted in the aftermath of the war. His father Shintaro was a leading figure in the Liberal Democratic Party's politics in the 80s, and served a four-year stint as Japan's foreign minister with distinction.

Vital to Abe's vision was a restoration of Japan to its rightful place at the top table, within the international family of nations. Having relinquished the premiership due to ill health after just a year in office once before, this urge was even more evident when he fashioned an improbable comeback to become the prime minister again in 2012. Shortly afterwards, he gave an address at the Center for Strategic and International Studies in Washington, DC, in which he explained his economic and diplomatic objectives and declared that he had returned to the prime-ministership to prevent Japan becoming a "Tier Two Nation." By the time he was forced to resign once again, due to a recurrence of the same ailment in 2020, no one had led Japan for longer as prime minister.

His desire to see Japan expand its sphere of influence was amply reflected in the unusually busy international schedule he adopted. From December 2012 to September 2014, Abe visited an astonishing 49 countries, including Bangladesh. Keen to unshackle his country from the constraints of its post-war constitution, Abe positioned Japan as a key player in regional security vis-à-vis the Asia Pacific. Perhaps his most audacious foreign policy coup d'état lay in securing Washington's buy-in for the constitutional changes he had in mind, to expand the scope of Japan Self-Defense Forces (it did away with a standing army in the aftermath of World War II) to act in cooperation with and in defence of allies.

Abe's foreign policy moved Japan away from its traditional focus on the "big three" bilateral relationships with the United States, China, and South Korea, and sought to increase the country's international engagements by expanding ties with Nato, the European Union, and others beyond the Asia Pacific region. Bangladesh was one of the countries that benefited from his endeavours, and he held frequent summits with Prime Minister Sheikh Hasina, in the process elevating the bilateral relationship between the two countries to a new comprehensive partnership.

In another sign of the greater priority accorded to Bangladesh under Abe, Prime Minister Hasina was invited to attend the 2016 G7 Summit, which Japan hosted that year, as part of the outreach segment. Invitations to the outreach segment are very much the hosts' prerogative, and it was the first time Bangladesh had been invited to attend the annual meeting of rich, industrialised economies.

Notwithstanding his nationalist credentials, the fact remains that his death has occasioned an outpouring of grief from many corners of the globe, and has been officially mourned at the state level by at least two countries in Asia, including Bangladesh. In death, his reputation will likely be further enhanced.
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[Saif]

“Recall with gratitude Abe’s contributions to elevating Bangladesh-Japan relations”

Prime Minister Sheikh Hasina today (July 8, 2022) expressed deep shock at former Japanese premier Shinzo Abe’s assassination, calling his sudden demise a great loss for Japan and the world.

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“Recall with gratitude Abe’s contributions to elevating Bangladesh-Japan relations”​

PM Hasina condoles Shinzo Abe’s death, Bangladesh to observe state mourning tomorrow

Prime Minister Shinzo Abe and Bangladesh counterpart Sheikh Hasina meet ahead of talks at Abe's office in May 2014. Photo: Collected

Prime Minister Sheikh Hasina today (July 8, 2022) expressed deep shock at former Japanese premier Shinzo Abe's assassination, calling his sudden demise a great loss for Japan and the world.

"The people of Bangladesh join me in standing by the mourning people of Japan at this time of most unexpected misfortune," she said in a letter addressed to Japanese Prime Minister KISHIDA Fumio.​

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Sheikh Hasina noted that the passing away of a statesman like Abe was not only an irreparable loss for Japan but also for the entire world because of his "leadership, vision, and wisdom".

"At this time of great distress, we recall with deepest gratitude his immense contributions to elevating the bilateral relationship between Bangladesh and Japan to a new comprehensive partnership during his tenure as the Prime Minister of Japan," she said.
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Sheikh Hasina extended her deepest condolences and heartfelt sympathies at Abe's most tragic demise on behalf of Bangladesh's people, government and on her own behalf.

"We offer our prayers for the courage and fortitude of the bereaved friendly people of Japan and family members of late Shinzo Abe," she wrote.

Meanwhile, Bangladesh will observe one-day state mourning tomorrow (July 9, 2022), honouring the death of Shinzo Abe.

Cabinet Division issued a notification in this regard today.

National flag will be kept at half-mast at all government, semi-government and autonomous institutions and educational institutions and Bangladesh missions abroad in observance of the mourning day.

Abe succumbed to his wounds hours after a grisly gun attack earlier today.​

 

[Saif]

50 Years of Japan-Bangladesh Ties: From Economic to Strategic Partnership

This often-overlooked partnership figures prominently in the strategic and economic goals of both countries.

thediplomat.com

50 Years of Japan-Bangladesh Ties: From Economic to Strategic Partnership​

This often-overlooked partnership figures prominently in the strategic and economic goals of both countries.
By Hussain Shazzad
February 10, 2022
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Credit: Depositphotos

Half a century ago, on February 10, 1972, Japan officially recognized Bangladesh as a sovereign nation-state. Since then, the two countries have maintained a warm relationship, which can be dubbed as a “good model” of development partnership. On the golden jubilee of their bilateral relationship, it is time to analyze the strengths, problems, and prospects of their five-decade-long journey to take Bangladesh-Japan ties to a new plane of bilateral engagement.

The United States, the most intimate ally of Japan, supported Pakistan during the 1971 Liberation War, so Japan had to be tactful in establishing its links with newly born Bangladesh. Still, Japan was one of the very few countries that extended a helping hand for reconstructing war-torn Bangladesh during the post-independence era. Since then, Japan has actively participated in the development endeavors of Bangladesh.

Japan has generously donated through Official Development Assistance (ODA) to Bangladesh since 1972 and became Bangladesh’s single largest bilateral donor. Bangladesh is the largest recipient of Japan’s ODA, according to Ito Naoki, Japan’s ambassador in Dhaka. Financial assistance from Japan saw a boost after initiating a Comprehensive Partnership with Bangladesh in 2014. In fiscal year 2020-2021, Japan provided more aid to Bangladesh than any other country, amounting to $2.63 billion. Since Bangladesh’s independence, Japan has provided a total of $24.72 billion, almost evenly split between grants and loans. Japan’s development assistance to Bangladesh covers a wide range of areas, from social and economic development to energy and power generation to tangible and intangible infrastructure development. Japan’s ODA to Bangladesh has been proved mutually beneficial for both countries rather than being exploitative in nature.

In Asia, Bangladesh’s largest export destination is Japan. In the last decade, Bangladesh’s exports to Japan have almost doubled, but there is still huge untapped trade potential for Bangladesh. Bangladesh mainly exports ready-made garments and leather goods, but Ito, the Japanese ambassador, sees “high potential” for exporting “pharmaceuticals, agricultural and fishery products” to Japan. Bangladesh’s main imports from Japan, meanwhile, include iron and steel, vehicles, machinery, etc. In FY 2018-19, Bangladesh’s export to Japan was worth $1.3 billion while imports were worth $1.8 billion. The existing trade deficit in their bilateral trade could be addressed by signing a free trade agreement (FTA).

The geographical setting and meteorological characteristics have made Bangladesh extremely vulnerable to natural disasters. According to the 2015 Climate Change Vulnerability Index, Bangladesh was the most climate-change vulnerable country in the world. Likewise, Japan has long been affected by natural disasters, mainly because of its location along the Pacific Ring of Fire. These two disaster-prone countries can cooperate with each other on natural disaster management and raise their voice in different global platforms on climate change. Dhaka could learn to minimize the impact of disasters, especially earthquakes, from the experience of Tokyo. Also, Japan could train Bangladeshi personnel, share its expertise, and transfer relevant technology to help to mitigate risks posed by natural disasters.

Bangladesh is one of the most pro-Japanese countries in Asia, with 71 percent of Bangladeshis holding a favorable view of Japan as of a 2014 Pew Research survey. In 2014, Bangladesh withdrew its candidacy for non-permanent membership in the U.N. Security Council (UNSC) in favor of Japan. Undoubtedly, Japan will also have Bangladesh’s support for its aspiration of becoming a permanent member of the UNSC. As Bangladesh perceives Japan to be its all-weather ally, Dhaka will also expect Japan to advocate with the international community and Myanmar for safe and sustainable repatriation of the 1.2 million Rohingya refugees currently trapped in Bangladesh.

The Indian Ocean is considered a lifeline for Japan, as almost 80 percent of its maritime trade passes through the region. Any disturbance in the Indian Ocean will complicate Japan’s international trade scenario. Bangladesh, with growing economic and political influence on the world stage, is important in Japan’s strategic calculus not simply because of its unique location in between South Asia and Southeast Asia but also because of its direct access to the Indian Ocean. On the other hand, sound diplomatic ties with Japan will help Bangladesh in successfully implementing its “Look East” Policy.

Japan’s Bay of Bengal Industrial Growth Belt (BIG-B), an initiative for changing South Asia’s economic outlook, can play a key role in transforming Bangladesh into the heart of the regional economy by creating a gateway between South Asia and Southeast Asia, ensuring closer interregional cooperation, and incorporating Bangladesh into regional and global value chains. The major projects being implemented under BIG-B in Bangladesh are the MRT line in Dhaka, the deep-sea port at Matarbari, terminal three of the Dhaka airport, and the economic zone at Araihazar. Once implemented, these projects are expected to reshape Bangladesh’s infrastructure landscape, boost industrial agglomeration, ensure energy security, and enhance regional connectivity. Japan’s BIG-B can help Bangladesh to transcend national borders in becoming South Asia’s industrial hub with a congenial economic environment.

In South Asia, Bangladesh is a crucial factor in the strategic-diplomatic agenda of Japan. Bangladesh is one of the most free-market, trade-oriented economies in South Asia, and is gradually emerging as one of the most potentially lucrative markets in this region. From an economic perspective, a market of 164 million consumers with a growing middle-class, higher purchasing power, domestic demand, cheap labor, and rapid pace of economic development will make Japan keep Bangladesh in its geostrategic orbit. Meanwhile, Bangladesh can make itself an attractive alternative destination for those Japanese companies seeking to pivot away from China, due to concerns about overreliance and supply chain disruptions amid the pandemic.

Bangladesh is potentially one of the most attractive investment destinations for Japan. But Bangladesh needs to create a better investment climate, for example, by implementing fast-track projects, to convert itself into an investment-friendly hub for Japan. On the part of Japan, it should provide duty-free access to Bangladeshi products to create a level playing field. Coordinated efforts from both sides are required to eradicate existing bottlenecks, such as cumbersome customs clearance procedures, double taxation, and foreign exchange issues, that are acting as a major stumbling block in their bilateral relations.

Apart from economic benefits, stronger relations with Dhaka will help Tokyo to redesign its power equation to have greater influence in South Asia beyond New Delhi. On the other hand, a close connection with Japan will help Bangladesh to exploit its full economic potential, confront challenges arising after its graduation from Least Developed Country status, to be effective in 2026, and diversify its diplomatic relations with great powers. Both sides can elevate ties to a higher level by exploring new avenues of cooperation in vaccine production, healthcare, the blue economy, high-tech industries, automobile manufacturing, shipbuilding, etc.

Standing at this important juncture of their relationship, Bangladesh and Japan should work together, with pragmatic steps, to cement their partnership with a clear vision for economic cooperation in the year to come.​

 

[Saif]

Japan brings Bangladesh into the folds of new security framework | East Asia Forum

Belying Japan’s new defence cooperation partnership with Bangladesh is a desire to balance regional influence and manage tension between Dhaka and Washington, writes Asif Hassan

eastasiaforum.org

Japan brings Bangladesh into the folds of new security framework​

Published: 18 November 2023Reading Time: 4 mins

Asif Muztaba Hassan

The OSA, which came into effect in April 2023, is Japan’s new security initiative that centres on assisting ‘like-minded’ countries with military aid amid the escalating regional security environment. The other countries currently included in the OSA are Malaysia, the Philippines and Fiji.

Outside of Tokyo’s ambitions to be a more involved geopolitical actor in the region, what is also apparent in Japan’s security considerations is the shared context in which the selected countries operate.

The Philippines has had numerous skirmishes with the Chinese People’s Liberation Army, coast guard and maritime militia vessels near Ayungin Shoal — an island in the South China Sea under Manila’s control but claimed by China within its ‘nine-dash line’.

In August 2023, Fijian Prime Minister Sitiveni Rabuka warned China and the United States against polarising ‘the Pacific into their camps’, amid growing US concern over China’s escalating activities in the region.

While willing to negotiate with China over the South China Sea dispute, Malaysia has made it clear that its state energy firm Petronas’ energy exploration sites fall within the country’s maritime borders.

Most countries selected for the OSA harbour grievances against China. Japan’s strategic thinking reflects the concerns of the United States and the Quad about China’s growing influence in the Pacific Islands. But it is unclear why Tokyo has allocated a distinct defensive budget towards Dhaka, which maintains warm relations with Beijing and purchases a significant portion of its weaponry from China.

Japan maintains economic partnerships with most Asian countries, particularly Bangladesh. Dhaka has received around US$25 billion in development and economic assistance from Tokyo since 1972 and around US$9.2 billion of this has been overseas development assistance.

Japanese companies were also behind the construction of Dhaka’s metro line. But the most crucial aspect of Japan’s economic engagement was the transfer of the Matarbari deep seaport construction from Chinese developers to Japan.

The least-discussed element of the bilateral relationship is the potential for defence cooperation and its significance for both countries amid escalating global geopolitical tension.

The OSA will take the form of grants, rather than loans, aimed at strengthening the region’s ‘comprehensive defence architecture’ without the burden of repayment. This will enable Dhaka to take a significant step towards its military modernisation goal.

While Bangladesh is intent on maintaining geopolitical neutrality amid the US–China power struggle in Asia, Dhaka and Washington have intensified their rhetoric against each other.

In April 2023, the United States highlighted instances of human rights violations by the incumbent party in Dhaka. In 2021, Washington levied sanctions on multiple Bangladeshi security officials for employing extrajudicial tactics while on duty and prohibited their entry into the United States. The United States also denied entry to various government officials, politicians and law enforcers suspected to have been complicit in rigging elections.

Bangladeshi Prime Minister Sheikh Hasina fought against Washington’s criticism, accusing the United States of seeking a regime change and underscoring its history of overthrowing governments that do not align with its interests.

This tension does not indicate a souring relationship between Washington and Dhaka over Bangladesh’s growing economic connections with China. It merely highlights the United States’ values-based foreign policy and its emphasis on the promotion of democracy.

Given this context, Japan’s inclusion of Bangladesh in the OSA holds strategic significance for several key reasons. Primarily, it serves Tokyo’s geopolitical interest in balancing China’s growing economic and defence investments in Dhaka and the surrounding region.

More importantly, Japan’s strategic cooperation manoeuvres are a testament to the Quad’s commitment to establishing a regional hold in South Asia. This will become especially pertinent should US–Bangladesh tensions continue to rise, as it would help to balance any potential strain in relations between the Biden administration and Hasina’s government.

Bangladesh’s enhanced ties with Japan seem to be an outcome of careful geopolitical balancing by all actors. Tokyo is well placed to manage the relationship between Shaka and Washington to ensure Bangladesh stays within the United States’ umbrella while maintaining its neutrality.

Asif Muztaba Hassan is a security researcher and journalist based in Dhaka, Bangladesh.​

 

[Saif]

Japan, BD need to work more for better business environment: Envoy

Ambassador of Japan to Bangladesh Iwama Kiminori said on Thursday that the Economic Partnership Agreement (EPA) and the Public Private Economic Dialogues (PPED) between Japan and Bangladesh are the two organs to move forward the business environment in the years to come. “We have to move for

thefinancialexpress.com.bd

Japan, BD need to work more for better business environment: Envoy​

FE ONLINE DESK

Published :​

Mar 14, 2024 22:27

Updated :​

Mar 14, 2024 22:27

Ambassador of Japan to Bangladesh Iwama Kiminori said on Thursday that the Economic Partnership Agreement (EPA) and the Public Private Economic Dialogues (PPED) between Japan and Bangladesh are the two organs to move forward the business environment in the years to come.


“We have to move forward to the continual dialogue between the two governments on the business environment,” he said.

The ambassador said this while speaking as the chief guest at the opening ceremony of the new office of HmAC on Wednesday, UNB reports.

He also uncovered a book “Taxation Handbook for Investors in Bangladesh” prepared by Howlader Maria & Co.

Japan recognises the paramount significance of Bangladesh's development acknowledging its role in shaping the business destiny, he said.

A growing number of companies are redirecting their focus on Bangladesh. Japan Bangladesh Chambers & Commerce of Industry (JBCCI) and JETRO Bangladesh offer valuable advice to companies in navigating the complexity of Bangladesh, according to a press release.

The synergistic collaboration between the Japanese Business Circle along with the embassy of Japan is manifested through a concerted effort to ensure a comprehensive and seamless support structure for companies venturing into Bangladesh, the release adds.​

 

[Saif]

BD-Japan FTA talks: Zero duty may impact Indian exports to Bangladesh

A report by Indian think-tank CUTS International (Consumer Unity & Trust Society) has warned India about the possible impact of the proposed Bangladesh-Japan Free Trade Agreement (FTA) on its trade with Bangladesh. The report -- a quarterly analysis by CUTS Dossier on Preferential Trade Agreements

thefinancialexpress.com.bd

BD-Japan FTA talks: Zero duty may impact Indian exports to Bangladesh
Indian think tank says in a report
ISMAIL HOSSAIN
Published :
Apr 22, 2024 09:29
Updated :
Apr 22, 2024 09:29

A report by Indian think-tank CUTS International (Consumer Unity & Trust Society) has warned India about the possible impact of the proposed Bangladesh-Japan Free Trade Agreement (FTA) on its trade with Bangladesh.

The report -- a quarterly analysis by CUTS Dossier on Preferential Trade Agreements and India released two days ago -- recommends that India "exercise caution and closely monitor the progress of the Bangladesh-Japan EPA negotiations."

CUTS International anticipates that India's exports to Bangladesh could be adversely affected if Bangladesh offers zero duty on all products to Japan under the FTA, which is scheduled to be signed by December this year.

"Several products in sectors such as automobiles, metals, electricals and textiles may be largely impacted by the Bangladesh-Japan FTA," according to the CUTS International analysis of possible scenarios.

As Bangladesh seeks to expand its trade relations with Japan, the CUTS report recommends that India assess the potential impact on its own trade interests and competitiveness in the region.

The report suggests that India may need to consider strengthening its existing trade ties with Bangladesh, diversifying its export markets, enhancing its competitiveness and exploring partnership opportunities to navigate the changing trade dynamics effectively.

The report said while India has a Preferential Trade Agreement (PTA) with Bangladesh and there is the Agreement on South Asian Free Trade Area (SAFTA), addressing these concerns is crucial to maintaining India's export performance in this market and neutralising the shocks posed by future FTAs that Bangladesh may engage in.

"This calls for a comprehensive economic cooperation agreement between India and Bangladesh," the report suggests.

Bangladesh is not a big competitor for India in terms of access to the Japanese market, as India already enjoys a tariff advantage in Japan due to its Comprehensive Economic Partnership Agreement (CEPA), according to CUTS International analysis.

However, the report warns that India should assess the possible impact of Bangladesh's fast-growing textile and apparel sector, including footwear, which is gaining a comparative advantage over time.

"As Bangladesh is entering into FTAs, India's textile and apparel industry should be concerned about their prospective market access challenges to third-country markets."

However, the CUTS International analysis using its SMART methodology suggests that India is unlikely to experience significant market share loss for textile and apparel products in Japan.

"Still it will be better to take some precautionary measures," the report cautions.

The analysis also suggests that any reduction in India's exports of certain textiles, apparel, and footwear to Japan would likely be negligible.

While Bangladesh's current export value to Japan remains lower than India's, the gap is narrowing due to Bangladesh's export growth. Bangladesh's exports to Japan reached $1.70 billion in 2022, compared to below $1 billion in 2013.

India's key exports to Japan include petroleum oils, fish products, non-industrial diamonds and ferro-silicon manganese, accounting for 42.76 per cent of its total exports to the country.

Bangladesh's exports to Japan are dominated by various types of readymade garments and footwear for both men and women, contributing 55 per cent of its total exports to Japan.

India's exports to Japan began a steady rise in 2016 after a three-year downturn in 2013-2015. This growth continued after the Covid-19 pandemic. However, the overall value of India's exports to Japan has declined, falling from nearly $8 billion in 2013 to $5.70 billion in 2022.

In March, Dhaka initiated talks to sign the Economic Partnership Agreement (EPA) with Tokyo in order to retain the duty benefit after Bangladesh's scheduled graduation to a developing nation in 2026.

The Bangladeshi authorities said the EPA with Japan will be signed before December.

If trade deals are not finalised before 2026, LDC-graduating Bangladesh will need to seek bilateral agreements with World Trade Organisation (WTO) member countries to continue enjoying duty-free market access until 2029.

The 13th WTO ministerial conference in Abu Dhabi last month extended duty-free benefits for graduating LDCs for an additional three years. However, Bangladesh will still need to negotiate bilateral trade deals to retain these benefits in the long term.

Therefore, Bangladesh is pursuing preferential trade agreements (PTAs) such as Economic Partnership Agreements (EPAs), Comprehensive Economic Partnership Agreements (CEPAs), and Free Trade Agreements (FTAs) with major trading partners.

In 2022, Japan imported approximately $1.72 billion worth of goods from Bangladesh, with over 90 per cent comprising apparel items like clothing and footwear.

Conversely, Japan exported $2.57 billion worth of goods to Bangladesh, with iron and steel accounting for around 30 per cent of these exports.

A study by the Japan External Trade Organization (JETRO) in May 2023 found that the number of Japanese companies operating in Bangladesh has doubled over the past decade, reaching 338.

These firms could face challenges if Bangladesh experiences higher tariffs exceeding 10 per cent for certain textile products after graduating from LDC status.

This situation marks a first for Japan, as it has never negotiated an EPA with a country on the verge of leaving its LDC status.

Initial research into a potential EPA with Bangladesh began in December 2022, and the findings recommended launching formal negotiations.

The research suggested that an EPA would not only boost trade and investment between Japan and Bangladesh but also strengthen their political and diplomatic ties.

Besides, Japan is also keen on setting standards for tariffs and trade regulations, particularly as Bangladesh considers a free trade agreement with China.

The negotiations will focus on simplifying import and export procedures, including reducing excessive paperwork.​

 

[Saif]

Japan-Bangladesh Joint Statement on Strategic Partnership

 

[Saif]

2 more projects dropped

Two more development projects to be implemented following a public-private partnership module under Bangladesh-Japan joint initiative have been dropped.

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Bangladesh, Japan JOINT PPP PLATFORM
2 more projects dropped

Two more development projects to be implemented following a public-private partnership module under Bangladesh-Japan joint initiative have been dropped.

The projects are expansion of Chattogram-Cox's Bazar Highway and the upgrading of Nabinagar-Manikganj-Paturia Highway into an expressway.

The decision came at the sixth Bangladesh-Japan Joint PPP Platform meeting held in Dhaka on March 18 this year, shows its minutes.

With the two, five projects have been dropped from the government-to-government initiative, which had created hopes of receiving huge investments from Japanese companies.

The development came at a time when most of the other projects under the initiative could not make significant progress over the last six years due to multiple problems.

Most of the projects were included in the list without carrying out any studies. So, when the studies were done, the projects were found not to be viable for PPP, leading to their exclusion from the list, officials said.

Besides, some Japanese companies involved in the process needed more engagement, they added.

To read the rest of the news, please click on the link above.​

 

[Saif]

Japan keen to invest more in Bangladesh's manufacturing sector

Japanese Ambassador to Bangladesh Iwama Kiminori on Saturday expressed his country’s willingness to invest more in the manufacturing sector in Bangladesh. The envoy expressed this interest in a bilateral meeting with Education Minister Mohibul Hasan Chowdhury in the National Parliament on Su

thefinancialexpress.com.bd

Japan keen to invest more in Bangladesh's manufacturing sector
Published :
Jun 10, 2024 00:03
Updated :
Jun 10, 2024 00:03

Japanese Ambassador to Bangladesh Iwama Kiminori on Saturday expressed his country's willingness to invest more in the manufacturing sector in Bangladesh.

The envoy expressed this interest in a bilateral meeting with Education Minister Mohibul Hasan Chowdhury in the National Parliament on Sunday.

The Japanese government is also willing to increase the connection and collaboration of Bangladeshi universities with Japanese universities, UNB reports.

He has expressed interest in retraining Bangladeshi students to employ them in Japanese industrial factories in the fields of robotics and manufacturing in Japan.

Education Minister Mohibul assured to support any initiative of the Japanese government in all fields of education starting from the university level to increase the skills of Bangladeshi students through information technology and technical and vocational training.

He expressed his interest in teaching the Japanese language in universities and introducing a teacher exchange program aimed at improving the skills of secondary-level teachers in Bangladesh through Japanese-trained teachers.​

 

[Saif]

Japan leads development funding to Bangladesh

Japan leads development funding to Bangladesh by releasing the highest US$1.66 billion worth of assistance among the foreign financiers in recent tough times facing the country amid forex crunch. The amount of foreign-aid disbursement by Japan was the highest during the first 10 months fro

thefinancialexpress.com.bd

Japan leads development funding to Bangladesh
FHM HUMAYAN KABIR

Japan leads development funding to Bangladesh by releasing the highest US$1.66 billion worth of assistance among the foreign financiers in recent tough times facing the country amid forex crunch.

The amount of foreign-aid disbursement by Japan was the highest during the first 10 months from July to April of the outgoing financial year (FY) 2023-24, in keeping with its top position since last fiscal, official data showed.

In the FY2023 also, Bangladesh received the highest $1.94 billion in loans and grants from the historically highest bilateral donor, Japan, according to the Economic Relations Division (ERD) data.

During this past July-April period, the total amount of the assistance was nearly $600 million higher than Bangladesh's historically largest development partners-the World Bank-and nearly $200 million higher than the second-biggest financier- the Asian Development Bank.

The Manila-based Asian bank disbursed $1.499 billion worth of assistance and the Washington-based WB $1.05 billion during the period in question.

In the past fiscal, Japan disbursed $1.94 billion worth of loans and grants in FY2023. But the ADB released $1.787 billion and the WB $1.898 billion.

"Japan has emerged as the biggest development partner of Bangladesh in recent years, as its fund disbursement is rising year on year," says a senior ERD official in appreciation of the gesture at a time when the country faces the toughest challenge on the financial front from foreign-exchange inadequacies.

"The amount of foreign assistance from Japan is higher than that of two other larger development partners -the WB and the ADB," he adds.

According to another ERD official, Japan is currently bankrolling some mega-and larger projects in Bangladesh which need lots of fund investment every year.

The developed Asian country is financing MRT-01, MRT-05 and MRT-06, the rail bridge over the Jamuna, and the third terminal at the Hazrat Shahjalal International Airport in Dhaka.

For the Uttara-Motijheel MRT-06, Japan International Cooperation Agency (JICA) has made a commitment of $2.1 billion.

In June 2022, JICA confirmed $979.8 million (JPY 133,399 million) in credit for building MRT-05 from Hemayetpur to Vatara in Dhaka.

For the Airport-Kamalapur MRT-01, Dhaka will receive $1.10-billion loan from Tokyo as they signed an agreement in 2021 for construction of Dhaka's first underground metro rail.

For the third-terminal project, Japan has recently signed an agreement for providing some $517.27 million (JPY 76.635 billion).

Earlier in August 2020, JICA confirmed nearly $750 million (JPY 80 billion) worth of aid in the first installment for the same project.

Meanwhile, the agency provided a record $2.314 billion worth of aid in FY2022, some $1.945 billion in FY2021 and $1.69 billion in FY2020, the ERD data showed.

JICA's support has been on the rise since FY2018 when it disbursed $1.54 billion in foreign assistance, up by $899 million from FY2017.

Japan disbursed $1.195 billion in FY2019 and $1.544 billion in FY2018.

Meanwhile, the country's biggest multilateral financier, the World Bank, disbursed $1.42 billion in FY2018, $2.03 billion in FY2019, $1.51 billion in FY2020, $1.64 billion in FY2021, $1.739 billion in FY2022 and $1.93 billion in FY2023.

The ADB released $938 million in FY2018, $1.25 billion in FY2019, $1.70 billion in FY2020, $1.30 billion in FY2021, $2.628 billion in FY2022 and $1.56 billion in FY2023.

Historically, Japan also remains the third-largest donor among its peers operating in Bangladesh. In 2012, it became the largest bilateral donor to Bangladesh.

To read the rest of the news, please click on the link above.​

 

[Saif]

Japan reviewing plan to support BD's LDC graduation, 9th FYP

Japan is reviewing the Country Assistance Plan for Bangladesh, taking into account the nation's upcoming graduation from Least Developed Country status and its Ninth Five-Year Plan, Japanese Ambassador to Bangladesh Iwama Kiminori said. "We are considering Bangladesh's needs against its developmen

thefinancialexpress.com.bd

Japan reviewing plan to support BD's LDC graduation, 9th FYP
General Economic Division is currently formulating the Ninth Five-Year Plan
FE REPORT
Published :
Jul 11, 2024 09:47
Updated :
Jul 11, 2024 09:47

Japan is reviewing the Country Assistance Plan for Bangladesh, taking into account the nation's upcoming graduation from Least Developed Country status and its Ninth Five-Year Plan, Japanese Ambassador to Bangladesh Iwama Kiminori said.

"We are considering Bangladesh's needs against its development plan and Japan's assistance policy," he said after a meeting with Planning Minister Major General (Retired) Abdus Salam at his office on Wednesday.

The General Economic Division (GED) is currently formulating the Ninth Five-Year Plan (FYP), titled 'Sustainable and Equitable Growth for Higher Middle Income'.

This plan, involving secretaries from over 15 ministries, aims to transform Bangladesh into a developed nation by 2041. The Eighth FYP, covering 2020-2025, was the first in a series of four designed to implement the government's Vision 2041.

After the meeting, the ambassador told journalists that various topics, including Bangladesh's future development plans, were discussed.

"Bangladesh is working on its Ninth Five-Year Plan. In this ambitious plan, Japan will provide financing in line with Japan's policies and Bangladesh's needs," he added.

Japan is revising its Country Assistance Plan, with specific areas of support to be determined through further discussions with Bangladesh. Japan's assistance will prioritise areas aligned with the Bangladeshi government's priorities, he added.

Planning Minister Abdus Salam called for Japanese collaboration to support the second phase of the Public Investment Management System to improve the efficiency of government spending.

Mr Salam told journalists that the ambassador visited to congratulate him and that Bangladesh has requested Japan's continued cooperation in capacity building.

"Specifically, support is sought for the second stage of the Public Investment Management System, with 40 projects already implemented with Japanese funding," said the minister.

Discussions also focused on enhancing Bangladesh's skills capacity, with Japan committed to supporting the implementation of both the current five-year plan and future development plans, he said.

While responding to a media query, Minister Salam said, "Japan is always with us. They have promised to stand by Bangladesh in various developments in the future".​

 

[Saif]

Japan to continue supporting Bangladesh

Japan has expressed happiness over Bangladesh reaching political stability recently and assured of continuing its support for the development of the country, said Finance and Commerce Adviser Salehuddin Ahmed yesterday.

www.thedailystar.net

Japan to continue supporting Bangladesh
Salehuddin says

Salehuddin Ahmed

Japan has expressed happiness over Bangladesh reaching political stability recently and assured of continuing its support for the development of the country, said Finance and Commerce Adviser Salehuddin Ahmed yesterday.

"We discussed various bilateral issues, including trade, investment and employment. Japan is very happy over the political stability and interim government's leadership," he said.

The adviser made the remarks while talking to journalists after meeting with Japanese Ambassador to Bangladesh Iwama Kiminori at the Ministry of Finance in Dhaka.

"There are no more questions about the work. Rather, they want to extend their cooperation with more projects for the future, including metro rail projects," he said.

Ahmed said during the meeting, they sought budgetary support and more investment in the private sector to boost the foreign exchange reserves.

"We have urged them to expand their cooperation in the health and education sectors," he said.

Ahmed said Japan wanted Bangladesh to ensure a business-friendly environment and smooth access and processes in banks and customs.

"About their concerns regarding reforms, I have assured them of bringing about reforms in the banking sector and customs of the National Board of Revenue. We are already on it," he said.

"About the near future, we have told them that their existing cooperation is good and we urged them to intensify it," he said.

The government wants to relieve people's sufferings and Japan will stand by Bangladesh, he added.

"In the meeting, we have also discussed free trade agreement (FTA) and graduation from LDC (least developed country) status. Japan also assured us about their cooperation," he added.​

 

[Saif]

Japan assures of cooperation for Bangladesh's economic rebuilding

The envoy acknowledged the challenges of the interim government and compared the Bangladesh situation with post-World War 2 period in Japan.

en.prothomalo.com

Japan assures of cooperation for Bangladesh's economic rebuilding
BSS
Published: 21 Aug 2024, 23: 04

Japanese ambassador in Dhaka assured Chief Adviser Professor Muhammad Yunus of Tokyo’s cooperation in rebuilding Bangladesh economy as he called on him at his Jamuna office on Wednesday.

Briefing the newsmen after the meeting chief adviser’s press secretary Shafiqul Alam said Prof Yunus sought enhanced Japan’s assistance for rebuilding Bangladesh economic when Ambassador Iwama Kiminori assured him that his country would stay beside his interim government.

The envoy acknowledged the challenges of his interim government and compared the Bangladesh situation with post-World War 2 period in Japan.

“The envoy said Japan is interested to work closely with the interim government of Bangladesh . . . He congratulated Prof Yunus on his assumption as the chief adviser to the interim government,” Alam told the briefing at the Foreign Service Academy.

Kiminori, the press secretary said, focused on economic cooperation, peace and people-to-people bonding.

The chief adviser told the envoy he considered none as foe in Bangladesh saying “we are all brothers and sisters. No one is enemy”.

The press secretary said the Rohigya crisis also came up during the meeting when the chief adviser said the repatriation of the forcibly displaced people was the only solution to the crisis.

“He sought more Japanese humanitarian assistance for Rohingyas,” Alam said.​

 

[Saif]

Japan to start work to recover World War 2 soldiers' remains in Bangladesh

There are graves of 43 Japanese soldiers in Cumilla, says the country's public broadcaster

www.thedailystar.net

Japan to start work to recover World War 2 soldiers' remains in Bangladesh
There are graves of 43 Japanese soldiers in Cumilla, says the country's public broadcaster

Photo: Mohiuddin Ahmed Sagor/File

Japan has taken an initiative to recover the remains of Japanese soldiers taken as prisoners of war to Bangladesh during World War Two.

The work is set to begin in November, NHK, the public broadcaster of Japan, reported yesterday.

Japan's welfare ministry said the soldiers were captured by British forces during the Battle of Imphal, in which the Imperial Japanese military sought to conquer British-controlled northeastern India.

The Japanese soldiers were taken to Bangladesh, where they died. The Japanese government learned through a field survey that there are 43 soldiers' graves in Cumilla.

In July this year, the Bangladesh government approved the recovery of the remains, NHK reports.

Japan plans to first send a team to Cumilla's Mainamati War Cemetery, where the remains of 24 soldiers are said to be buried, NHK reported.

The Japan Association for Recovery and Repatriation of War Casualties, entrusted by the welfare ministry to conduct surveys of wartime remains, says the recovery work has been delayed due to worsening security in Bangladesh and the coronavirus pandemic.

It said it hopes to finally return the remains to their families, nearly 80 years after the end of World War Two.​

 

[Saif]

BD seeks $1.0b aid from Japan

Bangladesh has recently sought $1.0-billion budgetary support from Japan to facilitate the country's post-flood recovery in the eastern region and also to weather the economic storm, officials said on Saturday. "We sent a request letter to our friendly country Japan early this month seeking its su

thefinancialexpress.com.bd

Post-flood economic recovery
BD seeks $1.0b aid from Japan
FHM Humayan Kabir
Published :
Sep 22, 2024 00:02
Updated :
Sep 22, 2024 00:02

Bangladesh has recently sought $1.0-billion budgetary support from Japan to facilitate the country's post-flood recovery in the eastern region and also to weather the economic storm, officials said on Saturday.

"We sent a request letter to our friendly country Japan early this month seeking its support. Bangladesh needs sizeable funds to recover the economy, damaged by some wrong macro-economic policies of the Sheikh Hasina government and sudden floods in late August," said a senior official of the Economic Relations Division (ERD).

"We also wrote to Japan seeking its budget support in last regime…"

The government has also requested the World Bank, the Asian Development Bank, the International Monetary Fund (IMF), the Asian Infrastructure Investment Bank (AIIB), the New Development Bank (NDB), the French lender AFD and others for the same.

Recent floods deluged 11 districts in eastern and north-eastern parts of Bangladesh claiming at least 59 lives and impacting over 5.3-million people.

Millions of dollars have been lost in agriculture, industry and service sectors as dozens of roads and bridges got destroyed, croplands submerged, and fisheries and livestock damaged.

"Japan usually provides us loans to execute different projects. After the Covid pandemic in 2020, it started to give us some budgetary support too. As Bangladesh's economy has been affected by recent floods, we need budgetary support for economic recovery," said another ERD official.

Last June, Japan provided JPY30 billion (equivalent to $225 million) as budgetary support to Bangladesh.

Earlier, it also provided two rounds of budget aid amounting to total 685 million yen ($4.7 million) in 2020 and 2021.

Japan is Bangladesh's largest bilateral development partner, which helped it build three metro rails, third terminal at the Hazrat Shahjalal International Airport and Jamuna Railway Bridge.

"Japanese loan is very concessional. It will be good for Bangladesh if the budget support from Japan is confirmed," according to the ERD official.

For the $225-million budget support in June, the loan came with an annual interest rate of 1.6 per cent with a 30-year repayment period, which includes a 10-year grace period.

"We are eagerly waiting for Japan's response to our latest budget support request," the official added.

Meanwhile, the WB, ADB, AIIB and IMF have already assured the interim government of providing necessary support for the recovery of economic shocks and post-flood impacts.​

 

[Saif]

Bilateral ties with Japan and potentials within socio-economic matrix

On September 25, 2024, retired Bangladesh Ambassadors of AOFA organised an interactive session with Ambassador Iwama Kiminori of Japan to Bangladesh. The dialogue had several significant dimensions and recalled not only the longstanding friendship between Bangladesh and Japan since 1972 but also Ja

thefinancialexpress.com.bd

Bilateral ties with Japan and potentials within socio-economic matrix
Muhammad Zamir
Published :
Oct 27, 2024 21:54
Updated :
Oct 27, 2024 21:54

On September 25, 2024, retired Bangladesh Ambassadors of AOFA organised an interactive session with Ambassador Iwama Kiminori of Japan to Bangladesh. The dialogue had several significant dimensions and recalled not only the longstanding friendship between Bangladesh and Japan since 1972 but also Japan's pivotal role in Bangladesh's infrastructure and connectivity, highlighting the multifaceted partnership across various sectors.

The discussion recalled the leading role of Japan in sectors such as IT and automated manufacturing. It was also stressed that there needs to be continued cooperation between the two countries in new areas such as regional security, maritime affairs, sustainable development and climate change.

In his in-depth presentation, Ambassador Kiminori briefly highlighted elements of Japan's foreign policy including their commitment to the Free and Open Indo-Pacific (FOIP), focusing on inclusiveness, diversity, and openness. He also outlined the four pillars of cooperation under FOIP, emphasising peace, prosperity, and regional security.

Reflecting on over 50 years of Japan-Bangladesh relations, the Japanese Ambassador highlighted key milestones in the relationship, including Japan's recognition of Bangladesh in 1972, announcing the Comprehensive Partnership in 2014 and elevating it to Strategic Partnership in 2023, which deepened cooperation. He also noted the increased presence of Japanese companies in Bangladesh and Japan's ODA commitment to Public-Private Joint Economic Dialogue (PPED) and people-to-people exchange between the two countries. He also mentioned new initiatives and trends such as the rising interest in learning Japanese. He concluded by stressing the importance of strengthening ties for the future and expressed commitment of Japan to respect the policy decisions of Bangladesh.

Following the in-depth presentation of the Japanese Ambassador, Mr. Yuji Andu, Country Representative of JETRO Bangladesh and President, JBCCI offered his insights about the investment opportunities, bureaucratic limitations and other structural issues related to Bangladesh. He explained how Japan had reduced the number of ministries to attain greater efficiency and reduce bureaucratic red tape. He lso suggested reduction of corruption and advancement of a business-friendly environment for promotion of business between the two countries.

To a question about the possibility of inviting Hon'ble Chief Adviser to Japan and Japan's views on enhancing people-to-people exchanges and defence cooperation, Ambassador Kiminori responded that Japan was keen to engage with the current government in Bangladesh and would extend invitation to Hon'ble Chief Advisor at an appropriate time. He also stressed Japan's willingness to enhance cooperation in all sectors, including people- to-people cooperation and defence. He further emphasised Japan's commitment to strengthening ties with Bangladesh, in the light of the priorities of the new government and continuing the Economic Partnership Agreement (EPA). He also clarified that Japanese companies were not withdrawing from Bangladesh and stressed the importance of improving the investment environment to attract more foreign businesses, particularly from Japan.

On a query regarding the Japan Foundation, he clarified that the Foundation's primary focus was on cultural exchange. He emphasised for promoting cooperation across various sectors, including defence and academia, and hoped for a swift recovery of the domestic situation in Bangladesh.

On a request for his perspective on the Matarbari power plant-- with reference to recent remarks that the project was a luxury project-- Ambassador Kiminori mentioned the sensitivity of the issue and refrained from providing a specific response. He mentioned Japan's past consultations with the former government, emphasising the project's utility for Bangladesh.

To another query on Japan's role on the Rohingya issue-- given its humanitarian support-- Ambassador Kiminori highlighted Japan's commitment for a dignified repatriation and a resolution of the issue despite the complexity of the existing situation.

Ambassador Kiminori also acknowledged strong economic ties between Bangladesh and Japan but emphasised for reassessing infrastructure projects according to the new government's priorities. He stressed the need for a better investment climate to attract foreign businesses and also indicated that the issue of possible agricultural cooperation between Japan and Bangladesh was also on the cards.

Regarding a query on Japan's position on QUAD and containment of China, he noted the complexities surrounding the Quad, mentioning that it encompassed security discussions as well as health and pandemic responses. He reaffirmed Japan's commitment to fostering a positive relationship with China, emphasising cooperation based on common interests.

Regarding the Economic Partnership Agreement (EPA) and its role in Bangladesh's graduation from LDC status, Ambassador Kiminori noted that Japan offered duty-free access to LDCs, with the EPA providing a framework not only for transparent investment procedures and improved business environment but also for attracting Japanese investment. With the current duty-free access ending, the EPA would establish a new framework.

In response to queries about academic and scientific cooperation, Ambassador Kiminorii acknowledged the positive developments in academic exchanges between Japan and Bangladesh. He pointed out the existing frameworks, such as those of JICA, that promoted research collaboration. He stressed the importance of enhancing these initiatives, fostering cooperation in various fields, especially in medical and technological research, to strengthen bilateral relations further.

Responding to a question regarding Bangladesh strategic location and how it could leverage benefits from projects like the Big B initiative, which aims to enhance connectivity in industry, trade, and energy, the Japanise Ambassador reiterated Japan's commitment to support initiatives that align with the current government's vision. He stressed the importance of responding to Bangladesh's priorities and exploring avenues for cooperation based on mutual interests.

In response to a question about Japan's diplomatic relations with different countries, Ambassador Kiminori acknowledged diplomatic challenges, especially with China, both the Koreas and Russia, and underlined that efforts are underway to overcome the challenges and thereby improve ties.

However, at this point, the focus of Japan's involvement needs to be also on food security and lifting the quality of life of the poorest of the poor in many of our rural areas, and create a greater balance by removing growing income inequality.

Those involved in politics in Bangladesh also need to understand that this is a country where politicisation of efforts can only create obstacles towards the current efforts that are being taken to reduce poverty. We also must not forget that removal of poverty will also enhance our chances of gender equality and better movement forward for our youth population.

The World Bank, the Asian Development Bank and the International Monetary Fund have all been carefully monitoring the economic activities of Bangladesh and have also been suggesting how to overcome existing challenges in the financial sector. Very correctly they are reiterating that Bangladesh has to be careful and bring forth accountability for reduction of poverty. It has been stressed that this will then enable Bangladesh to reach the goal of becoming a middle-income country and also be free of extreme poverty by 2030. It has also been underlined that Bangladesh, to sustain its economic growth needs to focus on developing energy and transport infrastructure, improve the quality of healthcare, education and governance and also strengthen anti-corruption measures.

In this context, attention may also be drawn to the fact that Bangladesh is not only vulnerable to natural disasters but is also faced with the challenges of climate variability through adaptation and mitigation.

Muhammad Zamir, a former Ambassador, is an analyst specialised in foreign affairs, right to information and good governance.​

 

[Saif]

Bangladesh, Japan agree to ink EPA to deepen trade ties

Bangladesh and Japan have agreed to sign the Economic Partnership Agreement (EPA) by the end of 2025 or early 2026 to deepen and expand bilateral trade and investment relations between the two nations. This was revealed on Wednesday at a ceremony to launch the ‘EPA Study Report’ at the

thefinancialexpress.com.bd

Bangladesh, Japan agree to ink EPA to deepen trade ties
BSS
Published :
Nov 15, 2024 17:03
Updated :
Nov 15, 2024 17:45

Bangladesh and Japan have agreed to sign the Economic Partnership Agreement (EPA) by the end of 2025 or early 2026 to deepen and expand bilateral trade and investment relations between the two nations.

This was revealed on Wednesday at a ceremony to launch the ‘EPA Study Report’ at the Embassy of Japan in the city, said a press release.

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) officially launched the EPA Study Report.

For signing the EPA, JBCCI has formed a standing committee and assigned a consulting firm named ‘Policy Exchange of Bangladesh Limited’. The consulting firm prepared the “EPA Study Report”.

As the chief guest, Iwama Kiminori, Ambassador of Japan to Bangladesh, appreciated JBCCI for organizing the launching ceremony and expressed the hope that the inputs and findings of the ‘EPA Study Report’ will accelerate the process of EPA signing.

Md Emran, executive director of JBCCI, said that EPA is a very important vehicle to secure duty-free market access for Bangladesh after its graduation from LDC in 2026.

Manabu Sugawara, president of JBCCI, laid emphasis on EPA for increasing the trade and investment relations between Bangladesh and Japan.

M Masrur Reaz, chairman of Policy Exchange of Bangladesh, presented a keynote paper outlining the benefits and challenges of the EPA, along with insights into how countries could benefit from it.​

 

[Saif]

Japanese envoy urges better business climate for EPA benefits

Outgoing Japanese Ambassador Iwama Kiminori on Sunday called for improving the business environment in all aspects as a fundamental requirement for a new chapter of relations between Japan and Bangladesh to reap the benefits of the economic partnership agreement (EPA). The successful conclusion of

thefinancialexpress.com.bd

Japanese envoy urges better business climate for EPA benefits
FE Online Report
Published :
Nov 17, 2024 20:11
Updated :
Nov 17, 2024 20:11

Outgoing Japanese Ambassador Iwama Kiminori on Sunday called for improving the business environment in all aspects as a fundamental requirement for a new chapter of relations between Japan and Bangladesh to reap the benefits of the economic partnership agreement (EPA).

The successful conclusion of the second round of negotiations on EPA last week has shown the strong determination to take the country forward and improve the business environment, he added.

The Ambassador was addressing the annual general meeting of the Japan Bangladesh Chamber of Commerce and Industry (JBCCI) as chief guest at a Dhaka city hotel.

He said the last week’s successful negotiations signal the nurturing of a positive environment.

Ambassador Iwama also said the foundation that has been established during all the years continues to offer opportunities for both Japan and Bangladesh.

He lauded the role of JBCCI in this regard as a valuable platform and said the increase in the chamber's membership shows the success and opportunities ahead. The Ambassador also lauded the Chamber's role in EPA negotiation.

The Ambassador recalled respect and support received by all during his two years of tenure in the country and hoped for the government's more support in improving investment and the business environment.

JBCCI secretary general Anwar Shahid said Bangladesh has amazing potentials to rebuild and go forward using the experiences of Japan.

Abdul Haque of Haq Bay said more Japanese investment is expected in Bangladesh's manufacturing, technology and renewable energy sectors, apart from big infrastructure projects.

He added that reforms need to address the right agendas and to improve not only the business environment but also the social environment in the country.

Among others, founder of JBCCI and honorary member AKM Moazzem Hussain, past President Sugawara Manabu and newly elected President Tareq Rafi Bhuiyan spoke on the occasion.​

 

[Saif]

Interest grows among Japanese firms to invest in Bangladesh: JETRO

Japan External Trade Organisation (JETRO) Dhaka Country Representative Yuji Ando said Japanese firms have started to show interest to invest in Bangladesh as political situation is gradually improving here. “In the current month (November), around eight new Japanese companies from various se

thefinancialexpress.com.bd

Interest grows among Japanese firms to invest in Bangladesh: JETRO
BSS
Published :
Nov 29, 2024 18:25
Updated :
Nov 29, 2024 18:25

Japan External Trade Organisation (JETRO) Dhaka Country Representative Yuji Ando said Japanese firms have started to show interest to invest in Bangladesh as political situation is gradually improving here.

“In the current month (November), around eight new Japanese companies from various sectors, including infrastructure, manufacturing, logistics and food, came to us for discussion on investment. The number was almost zero in August and September. In October, it was a few,” he said while talking to BSS.

Besides this, he said, many Japanese companies running business in Bangladesh came to JETRO for discussions on expansion or their problems.

Ando, however, said business sentiment for Japanese companies in Bangladesh is rather high in Asia and Oceania region. Especially, domestic market size and growth potential is high, he added.

For competitive labor cost, he said, Bangladesh has the second highest ratio of export volume in the total sales in the region.

Local procurement is the key factor for reducing the production cost and expanding the export and domestic business, he added.

From the comparative perspective (especially with ASEAN countries), Ando said, it would be necessary for business environment in Bangladesh to be improved by addressing the issues for Japanese companies in Bangladesh, especially in custom clearance procedures and transparency.

By realizing the competitive investment climate, he said, Bangladesh would be the next investment destination for Japanese companies.

Trade agreement like Economic Partnership Agreement (EPA) would bring more business-friendly environment in Bangladesh, he opined.

Ando mentioned that Bangladesh Special Economic Zone (BSEZ) and Matarbari deep seaport would become the game changers for Bangladesh’s logistics and manufacturing industry respectively by developing world class infrastructure.

Ando, also Secretary General of the Japanese Commerce and Industry Association in Dhaka (JCIAD, SHOO-KOO-KAI in Japanese), said that JCIAD already submitted a set of proposals for reforms before Bangladesh Investment Development Authority (BIDA) to ensure business-friendly environment in the country.

Regarding the proposals, he said, JCIAD called for the simplification of administrative procedures such as reducing paperwork and reviewing submitted information and then speeding up and making them more transparent.

JCIAD requested that policy consistency be ensured, such as maintaining incentives for Economic Zones (EZs) to attract investment and continuing Official Development Assistant (ODA) projects, he added.​

 

[Saif]

Intercultural collaboration between Bangladesh, Japan

IN AN era of rapid globalisation, exchange, collaboration, and the building of bridges between cultures are of great importance. The partnership between Bangladesh and Japan...

www.newagebd.net

Intercultural collaboration between Bangladesh, Japan
by Akinori Seki 31 December, 2024, 00:00

IN AN era of rapid globalisation, exchange, collaboration, and the building of bridges between cultures are of great importance. The partnership between Bangladesh and Japan exemplifies the profound potential of such connections, fostering shared values, ethical leadership, and mutual understanding. As someone deeply committed to these ideals, I have dedicated my career to cultivating meaningful relationships that transcend borders.

I was born and raised in a snow-covered rural region of Japan, where educational opportunities were limited. Entering university was both inspiring and intimidating. My urban peers seemed worlds ahead, fluent in English and comfortable with global perspectives. I, by contrast, had never met a foreigner, let alone travelled abroad. Yet, through perseverance and transformative experiences, I have come to dedicate my life to international cultural exchanges and academic research on intercultural communication. This journey has taught me the immense value of bridging divides, both personal and cultural.

In 2011, my academic work took me to Bangladesh for a comparative study on student motivation in intercultural communication and foreign language learning. My visit revealed stark disparities in the education system, particularly in impoverished areas. I met students who were eager to learn despite having limited access to resources. Conversations with educators highlighted systemic inequalities that left many children without basic education. The resilience and determination I witnessed in these communities inspired a deep commitment to exploring how education could become a tool for transformation.

Three years later, in 2014, I met Professor Jamilur Reza Choudhury, a visionary leader in Bangladesh’s education sector. Our shared passion for fostering cross-cultural understanding led to a fruitful collaboration. Professor Choudhury’s insights and optimism became pivotal in shaping many of my projects. He often emphasised that collaboration rooted in shared values could address systemic issues and inspire students to see beyond their immediate environments.

Together, we envisioned a program that would unite Japanese and Bangladeshi students to tackle global challenges such as poverty, education, and sustainability. These initiatives were guided by ethical principles and mutual respect, offering participants opportunities to learn from one another’s strengths. Professor Choudhury’s wisdom formed the foundation of these programs, transforming them into platforms for meaningful human connection.

In a globalised era, attempting to solve a country’s issues within its borders is both inefficient and limited in scope. Japan, for instance, is a nation known for its economic prosperity and high educational standards. Yet, it grapples with deep societal issues such as low happiness levels, high rates of depression, and alarmingly frequent suicides, particularly among its youth. Addressing these challenges requires looking beyond Japan’s borders and embracing global perspectives. Experiencing the mindset of Bangladeshi people — their community spirit, resilience, and joy — offers invaluable insights into the underlying causes of Japan’s struggles. At the same time, Bangladesh can learn from Japan’s post-war recovery and its disciplined approach to building a society rooted in integrity and hard work.

History has shown that transformative progress often occurs at the intersection of cultures. The Renaissance, for instance, was a period of profound cultural exchange that redefined human civilisation. Similarly, individual growth often stems from exposure to diverse mindsets. By engaging with different cultural paradigms, we continuously reassess and enrich our own beliefs, leading to a more profound understanding of ourselves and the world around us. This is why opportunities for Japanese and Bangladeshi students to engage in collaborative projects are so valuable. Despite cultural differences and initial challenges, these exchanges provide a unique chance to touch and shape one another’s mindsets.

The journey was not without setbacks. In 2016, a terrorist attack in Dhaka claimed the lives of several people, including Japanese nationals. The tragedy led to heightened travel restrictions, forcing us to pause our plans. Despite the difficulties, Professor Choudhury remained steadfast in his support, reminding me of the importance of resilience in the face of adversity. By 2019, with conditions stabilising, we resumed preparations. However, the Covid pandemic and Professor Choudhury’s sudden passing in 2020 brought unforeseen challenges, testing our resolve and adaptability.

Determined to honour his legacy, we transitioned our initiatives online. Virtual sessions became a lifeline, enabling students from both countries to engage in meaningful dialogue despite physical distance. These exchanges rekindled hope and reaffirmed the importance of cross-cultural collaboration. Since 2022, in-person programs have resumed, focusing on fostering ethical awareness and mutual learning. Each interaction deepens the bonds between participants, transcending borders and enriching perspectives.

In these exchanges, we explore themes that reflect the strengths of both cultures. Japanese ethics rooted in Bushido — emphasising loyalty, respect, and sincerity — offer a structured framework for addressing challenges. Bangladeshi students, in turn, share their cultural emphasis on community resilience and familial bonds. Together, these values create a powerful synergy, demonstrating how diverse perspectives can complement one another in solving global issues.

Japanese participants often reflect on the inspiration they draw from Bangladeshi communities, particularly their resilience and warmth. They describe how direct and open communication in Bangladesh contrasts with Japan’s more reserved social norms, offering valuable lessons in building relationships. Similarly, Bangladeshi students admire Japan’s disciplined approaches to problem-solving and its commitment to fairness and transparency. These insights go beyond academic learning, leaving lasting impressions on everyone involved.

My own journey has been equally transformative. Despite the immense challenges faced by many in Bangladesh, their optimism and community spirit never fail to inspire me. Observing their resilience has made me reflect on the true essence of well-being. At the same time, Japan’s struggles with loneliness and emotional isolation highlight the universal need for connection and belonging. These shared challenges remind me that every nation has much to learn from others, regardless of its economic status or technological advancements.

One conversation that stays with me is from a Bangladeshi student who said, “Through these exchanges, I have realised that our differences are not barriers but opportunities to grow together.” This sentiment captures the heart of cultural exchange. It is not about erasing differences but celebrating them as strengths. It is about finding common ground, not despite our diversity, but because of it.

As I reflect on these experiences, I am reminded of the proverb, “The grass is always greener on the other side.” For many in Bangladesh, Japan represents a model of efficiency and development. Yet, for me, the warmth and communal resilience of Bangladeshi society are equally aspirational. Both nations have unique strengths to offer each other. By combining Japan’s focus on transparency and institutional integrity with Bangladesh’s emphasis on human connections, we can address pressing global challenges while enriching our shared humanity.

Looking ahead, I am steadfast in my commitment to fostering collaboration where the people of both countries respect one another and work together as equals. My aspiration is to explore a better world and more meaningful ways of living, which I believe is my contribution to society. With this conviction, I am confident that through education and cultural exchange, we can transcend individual differences and build a truly global community. To achieve this, both governments and key stakeholders — including academic institutions and national groups from diverse ethnic and cultural backgrounds — must actively participate to make these exchanges more effective and impactful. Academicians and researchers, in particular, should take the lead in enhancing the quality of these exchanges by providing academic guidance and fostering scholarly engagement.

Together, we can shape a future grounded in shared values, mutual respect, and collective progress.

Akinori Seki is a professor and chairperson of the International Exchange Committee at Tokyo Keizai University and president of the Asia Association of Education and Exchange.​

 

[Saif]

JICA to support forest department to enhance coastal resilience

Japan International Cooperation Agency (JICA) will support Bangladesh Forest Department (BFD) in implementing comprehensive forest management utilizing advanced technologies in the country's coastal zone. To this end, JICA has signed a record of discussion with the Economic Relations Division

thefinancialexpress.com.bd

JICA to support forest department to enhance coastal resilience
FE Online Desk
Published :
Jan 11, 2025 17:30
Updated :
Jan 11, 2025 17:30

Japan International Cooperation Agency (JICA) will support Bangladesh Forest Department (BFD) in implementing comprehensive forest management utilizing advanced technologies in the country's coastal zone.

To this end, JICA has signed a record of discussion with the Economic Relations Division (ERD), Ministry of Environment, Forest, and Climate Change (MoEFCC) and BFD for the project titled "Project for Enhancing Coastal Resilience through Technology-based Forest Management", BSS reports citing a JICA press release.

The project is set to span four years (May 2025 to April 2029) and will involve Japanese experts in necessary fields with relevant BFD counterparts at both headquarters and field levels.

This technical cooperation project aims to enhance the BFD's capacity for forest landscape restoration in coastal areas by promoting technology-based forest management planning and monitoring.

According to the Intergovernmental Panel on Climate Change (IPCC), the Bangladesh coast is one of the most vulnerable areas to climate change and is exposed to frequent cyclones and storm surges.

As a result, the region is experiencing significant coastal degradation, severely impacting coastal forests, particularly mangrove ecosystems.

In response, BFD has taken a number of initiatives to expand coastal forestry. The project will build on these initiatives by identifying and taking advanced forest planning and monitoring approaches to ensure effective coastal landscape restoration and coastal resilience to mitigate climate change impacts.

Miura Mari, Senior Representative, JICA Bangladesh Office has appreciated ERD, MoEFCC, and BFD for their enormous effort on a project formulation.

She mentioned that this technical cooperation is the first attempt at cooperation in the forestry sector in JICA's cooperation to Bangladesh that is highly significant to disaster risk reduction, livelihood improvement of local community and climate change mitigation.

Dr AKM Shahabuddin, Additional Secretary, ERD, expressed his appreciation to JICA, MoEFCC and BFD for realizing the project and requested MoEFCC and BFD to accelerate the implementation process.

Md. Amir Hosain Chowdhury, Chief Conservator of Forests, BFD said that there are many challenges in the planning and monitoring of the forest resources, including a lack of modern technology to conserve the forests.

So, BFD will be benefitted by this project and happy to be a part of JICA's first cooperation in the forestry sector in Bangladesh, he added.

Fatema Tuz Zohora, Joint Secretary, MoEFCC, said the project will support the conservation of forest resources using modern technology, including the capacity development of BFD officials.

The ministry is looking forward to having more cooperation with JICA in the future, she added.​

 

[Saif]

Japan reaffirms strong support for Bangladesh's interim govt

Japanese Ambassador to Bangladesh Saida Shinichi has reiterated Japan’s strong support for the interim government of Bangladesh and stated that the upcoming parliamentary vice minister-level visit will officially convey this message of political support. During a meeting with Foreign Affairs

thefinancialexpress.com.bd

Japan reaffirms strong support for Bangladesh's interim govt
Published :
Jan 27, 2025 19:56
Updated :
Jan 27, 2025 19:56

Japanese Ambassador to Bangladesh Saida Shinichi has reiterated Japan’s strong support for the interim government of Bangladesh and stated that the upcoming parliamentary vice minister-level visit will officially convey this message of political support.

During a meeting with Foreign Affairs Adviser Md Touhid Hossain at the Ministry of Foreign Affairs on Monday, the ambassador expressed Japan’s commitment to standing firmly by the interim government to support their reform efforts and to further strengthen bilateral relations in broad areas under the Strategic Partnership, UNB reports.

In this context, both sides cordially exchanged views on various issues, including deepening economic ties, enhancing political and security cooperation, addressing the Rohingya refugee crisis, and other bilateral cooperation agendas.

The ambassador emphasised the importance of holding Foreign Office Consultations (FOC) soon and ensuring regular high-level exchanges between the two countries. He also expressed satisfaction with the ongoing negotiations for the Economic Partnership Agreement (EPA) between Bangladesh and Japan.

Ambassador Shinichi informed the foreign affairs adviser that the chief of the Japan International Cooperation Agency (JICA) is scheduled to visit Bangladesh in March this year.

Additionally, he announced Japan’s decision to provide Bangladesh with five patrol vessels to enhance coastal security and confirmed their readiness to sign an agreement with the government to provide equipment for air pollution monitoring in Bangladesh.

In response, the foreign affairs adviser thanked the Japanese government for their unwavering support for the interim government and acknowledged Japan’s role as Bangladesh’s largest bilateral development partner. He also recognized Japan’s significant contributions to Bangladesh’s major development initiatives.

The foreign affairs adviser assured that Japanese investments in Bangladesh will always remain secure and highlighted the steady and longstanding relationship between the two countries.

He expressed gratitude for Japan’s continued efforts towards finding a durable solution for the safe, sustainable, and dignified return of the Rohingya refugees to Myanmar’s Rakhine State. The adviser also appreciated Japan’s humanitarian assistance to the Rohingyas, including support for those relocated to Bhashan Char.

Mentioning that recent developments in Rakhine State are increasing pressure on Bangladesh, he sought Japan’s support for the upcoming conference on the Rohingya crisis, to be organized by Bangladesh in collaboration with the United Nations in Doha.

Both sides also discussed bilateral collaboration and mutual support on election-related matters in international forums, according to the Ministry of Foreign Affairs.

The foreign affairs adviser wished the new Japanese ambassador a successful tenure in Bangladesh and expressed hope that bilateral relations would reach new heights during his tenure.​

 

[Saif]

Tokyo seeks early EPA with Dhaka to boost trade

Japanese parliamentary vice-minister Ikuina Akiko has underscored the need for early conclusion of the economic partnership agreement or EPA between Bangladesh and Japan in order to boost trade and investment between the two countries...

www.newagebd.net

Tokyo seeks early EPA with Dhaka to boost trade
United News of Bangladesh . Dhaka 02 February, 2025, 23:23

Japanese parliamentary vice-minister Ikuina Akiko has underscored the need for early conclusion of the economic partnership agreement or EPA between Bangladesh and Japan in order to boost trade and investment between the two countries.

The issues were discussed when Japanese parliamentary vice-minister Akiko met foreign adviser Md Touhid Hossain at the Ministry of Foreign Affairs on Sunday.

Appreciating Bangladesh’s positive investment climate, Akiko mentioned that the Japanese investment and businesses were continuing their operations in Bangladesh despite recent political changes.

The Japanese parliamentary vice-minister is on a two-day visit to Bangladesh, said the Ministry of Foreign Affairs.

Lauding Japan’s humanitarian assistance for the Rohingyas including their relocation to Bhashan Char, the foreign adviser sought Japanese support to draw a roadmap for early repatriation of the Rohingyas.

He also sought Japanese support for hosting a high-level conference on the Rohingya issue in Doha in collaboration with the United Nations.

During the meeting, the Japanese vice-minister reiterated Japan’s support for the interim government and its ongoing reform and nation-building initiatives.

The foreign adviser thanked Japan for its immense contribution to Bangladesh’s socio-economic development initiatives since independence.

The Japanese vice-minister conveyed Japan’s continued support for Bangladesh during the post-LDC graduation period.

She noted that more than 310 Japanese companies were currently doing business in Bangladesh and the number would go higher.

Reiterating Bangladesh’s commitment to improve the investment environment, the foreign adviser mentioned that BIDA was very proactive to ensure effective functioning of one-stop service (OSS) to facilitate services for foreign investors.

Vice-minister Akiko highlighted the importance of a free and open Indo-Pacific region for regional peace and stability.

In response, the foreign adviser mentioned that as an advocate for regional peace and stability, Bangladesh had been supportive of a free and open Indo-Pacific region with freedom of navigation for all parties.​

 

[Saif]

Japan reaffirms support for Bangladesh interim govt

Japan Sunday reaffirmed its support for Bangladesh’s interim government and sought to increase bilateral engagement for a boost in businesses and development cooperation

en.prothomalo.com

Japan reaffirms support for Bangladesh interim govt
BSS
Dhaka
Updated: 02 Feb 2025, 22: 11

Ikuina Akiko, the Parliamentary Vice-Minister for Foreign Affairs of Japan, called on Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna in Dhaka on 2 February 2025 PID

Japan Sunday reaffirmed its support for Bangladesh’s interim government and sought to increase bilateral engagement for a boost in businesses and development cooperation.

Ikuina Akiko, the Parliamentary Vice-Minister for Foreign Affairs of Japan, conveyed the message to Chief Adviser Professor Muhammad Yunus as she called on him at the State Guest House Jamuna here.

“Japan values its relationship with Bangladesh and has consistently supported it. My visit is to convey our commitment towards supporting Bangladesh and further enhancing our bilateral relationship,” Akiko told the Chief Adviser.

Chief Adviser Muhammad Yunus termed Japan as a very close ally and helpful friend and said the two countries need strong cooperation at this historic period.

“This is a new Bangladesh and a very opportune time in view of our relationship,” he said.

Japan is the single largest bilateral development partner of Bangladesh, which offered sustained and generous support over the years to Bangladesh’s socio-economic advancement.

The bilateral trade between the two countries now stands at around US$ 4 billion, with Japan being one of Bangladesh’s top five export destinations.

More than 350 Japanese companies are currently operating in Bangladesh.

The Japanese vice minister enquired about the interim government’s ongoing reform initiatives and plans for the next general elections.

Ikuina Akiko invited the Chief Adviser to visit Japan for the Nikkei 30th Future of Asia event to be held on 29-30 May 2025 in Tokyo.

She also invited Professor Yunus, a recipient of the Nikkei Asia Prize in 2004, for Osaka Expo 2025, a separate event, in May.

The organiser of the Expo will observe 11 May as Bangladesh Day, the Japanese vice-minister said, adding that the Bangladesh Chief Adviser’s presence there could be encouraging for all.​

 

[Saif]

Bashir urges top Japanese groups to invest more

Commerce adviser Sk Bashir Uddin on Monday called upon the top Japanese investors to invest more in Bangladesh...

www.newagebd.net

Bashir urges top Japanese groups to invest more
Bangladesh Sangbad Sangstha . Dhaka 17 February, 2025, 22:47

Commerce adviser Sk Bashir Uddin and Bangladesh ambassador to Japan Md Daud Ali, among others, are present at a bilateral meeting in Tokyo on Monday. | PID/Focus Bangla photo

Commerce adviser Sk Bashir Uddin on Monday called upon the top Japanese investors to invest more in Bangladesh.

He made this call in a bilateral meeting with representatives of Japan’s one of the largest trade groups NEXI (Nippon), Mitsui, Marubeni, HSBC, Mitsubishi Heavy Industry and JT in Tokyo.

The commerce adviser said that currently the bilateral trade volume between Bangladesh and Japan was about $4 billion while Japan is Bangladesh’s one of top five export destinations, said a commerce ministry press release.

‘Currently, more than 350 Japanese companies are operating in Bangladesh. We expect more investment from Japan,’ Bashir added.

The commerce adviser also urged the Japanese side to import more products as well as manpower from Bangladesh.

In the meeting, the top Japanese business representatives assured to continue their business and thus increase their investment in Bangladesh.

Bangladesh ambassador to Japan Md Daud Ali, JETRO representative Iuji Ando and JICA representative Yasuyuki Murahashi, commercial counselor to Japan Morarji Desai Burman and representatives of Bangladesh Investment Development Authority (BIDA) and National Board of Revenue (NBR) were present in the meeting.

Later, the commerce adviser had a meeting with Watami Group head Miki Watanabe.​

 

[Saif]

Bashir assures Japanese investors of support

Commerce adviser Sk Bashir Uddin has assured of extending all necessary cooperation to Japanese entrepreneurs and businesspeople who were interested to invest in Bangladesh...

www.newagebd.net

Bashir assures Japanese investors of support
Bangladesh Sangbad Sangstha . Dhaka 18 February, 2025, 22:30

Sk Bashir Uddin. | BSS file photo

Commerce adviser Sk Bashir Uddin has assured of extending all necessary cooperation to Japanese entrepreneurs and businesspeople who were interested to invest in Bangladesh.

He gave the assurance while speaking as chief guest at a seminar on ‘Investment Promotion’ at a hotel in Tokyo on Tuesday morning during which he urged Japanese entrepreneurs and businesspeople to invest more in Bangladesh.

He said that Japan was a very trusted friend of Bangladesh and also the largest development partner of Bangladesh as a single country.

He thanked the Japanese government for its continued support and cooperation towards the development of Bangladesh, said a ministry press release.

At the seminar, Bangladesh Investment Development Authority executive chairman Chowdhury Ashik Mahmud Bin Harun made a power-point presentation on investment opportunities in Bangladesh.

Nahian Rahman Rochi, head of business development of BIDA, and Yuji Ando, representative of JETRO in Bangladesh, participated in the panel discussion titled ‘Investment Potentials in Post-Reform Bangladesh’.

Bangladesh ambassador to Japan Md Daud Ali, senior vice-president of JICA Sachiko Imoto and senior vice-president of JETRO Kazuya Nakajo spoke at the seminar.

Economic minister of the Bangladesh embassy in Japan, representatives from the Bangladesh Bank and National Board of Revenue and commercial counsellor Tokyo were present at the event.

The seminar was jointly organised by the BIDA, Japan International Cooperation Agency and Japan External Trade Organization. More than a hundred entrepreneurs and businesspeople from Japan participated in the seminar.

Meanwhile, commerce adviser Sk Bashir Uddin met with Ogushi Masaki, state minister of economy, trade and industry of Japan on Tuesday and discussed in details bilateral trade, investment and economic partnership agreement and the Public-Private Economic Dialogue.

In the meeting, the commerce adviser requested the Japanese state minister to take measures so that more Japanese companies invest in Bangladesh.

Bashir said that currently there was a favourable investment situation in Bangladesh as Bangladesh Single Window had been launched in the country to provide services to the investors in a speedy manner.

He requested the Japanese investors to avail of this service.

The Japanese state minister also urged the commerce adviser to expedite process for economic partnership agreement.

In the meeting, both the adviser and the state minister expressed their keen intention to work together to strengthen the bilateral trade.​

 

[Saif]

Japan lending Bangladesh $581 million

Japan is going to lend Bangladesh US$581 million for improving power generation and ensuring food safety, officials said Monday, in aid to the interim government. The Economic Relations Division (ERD) under the Ministry of Finance (MoF) and Japan are likely to sign two loan deals on March

thefinancialexpress.com.bd

Japan lending Bangladesh $581 million
FHM Humayan Kabir
Published :
Mar 11, 2025 00:40
Updated :
Mar 11, 2025 00:40

Japan is going to lend Bangladesh US$581 million for improving power generation and ensuring food safety, officials said Monday, in aid to the interim government.

The Economic Relations Division (ERD) under the Ministry of Finance (MoF) and Japan are likely to sign two loan deals on March 25 to this effect MoF officials said.

Japan International Cooperation Agency (JICA) under the 45th Overseas Development Assistance (ODA) package would provide $386.72 million (8th tranche) loan for completing the Matarbari Ultra Super Critical Coal-fired Power Project.

Another $194.30 million would be confirmed for upgrading capacity of the Bangladesh Food Safety Authority (BFSA) in ensuring the food quality and its safety for the people.

"We are going to sign loan deals on March 25. The loans will be provided under the ongoing 45th ODA package. The funds will be utilized for completing Matarbari coal-fired power-plant project and ensuring food safety in Bangladesh," said a senior MoF official.

The proposed $386.72-million loan will be the last tranche for the Matarbari coal-fired power project, which is already supplying 1200 megawatts (MW) of power into the national grid, he added.

Earlier in September 2023, JICA confirmed the 7th tranche of the loan for the Matarbari power project, and this will be the 8th and last instalment.

Under the 44th Japanese ODA Loan Package (2nd batch), Japan extended financial support of 217,556 million Japanese Yens (JPY), approximately $1,500 million, for the seaside power project.

The Japanese aid agency has been a crucial partner in different phases of this project, having already disbursed 437,754 million JPYs in six tranches. The 7th tranche, under the ODA Loan for this project, involves an additional 217,556 million JPYs.

Meanwhile, the government has recently approved a project of the BFSA where JICA will provide the proposed $194.30 million worth of funds and work for improving the food safety and security across the country, the MoF official said.

The ECNEC early February approved a Tk 24.09 billion 'Food Safety Testing Capacity Development Project' run by the Bangladesh Food Safety Authority under the Ministry of Food.

The project will be implemented by December 2034.

The first phase of the 45th Japanese ODA package brought approximately $257 million in November last year. Under the loans, $11.07 million was provided for Chittagong WASA and $249.34 million for the Jamuna Rail Bridge Construction Project (III).

Japan usually charges 1.70-percent interest rate for construction work and 0.40 per cent for consultancy services. Additionally, there is a one-time front-end fee of 0.2 per cent.

The repayment period is spread over 30 years, including a 10-year grace period.​

 

[Saif]

Half of Japanese firms optimistic about profit growth in 2025: survey

After a challenging year, Japanese companies in Bangladesh are eyeing 2025 with cautious optimism, as 50 percent anticipate a rise in operating profits despite persistent hurdles.

www.thedailystar.net

Half of Japanese firms optimistic about profit growth in 2025: survey

After a challenging year, Japanese companies in Bangladesh are eyeing 2025 with cautious optimism, as 50 percent anticipate a rise in operating profits despite persistent hurdles.

However, political instability, unclear regulatory policies, and difficulties in local procurement continue to hinder smooth business operations, according to findings of the latest Japan External Trade Organisation (Jetro) survey 2024, which will be released today.

The report also highlighted both optimism and concerns among Japanese firms navigating these obstacles.

As of 2024, nearly 315 Japanese companies are operating in Bangladesh, with cumulative investments exceeding $508 million.

Despite the interest from Japanese businesses, the percentage of companies expecting profitability in Bangladesh in 2024 remains among the lowest in Asia and Oceania, standing at just 37.4 percent, according to the Jetro survey.

However, looking ahead to 2025, 50 percent of these companies anticipate a rise in operating profits, indicating cautious optimism.

Bangladesh has consistently ranked as one of the top investment destinations in South Asia for Japanese firms, with 57.7 percent of surveyed companies planning to expand their business activities in the next one to two years.

"The local market demand is a significant factor driving this expansion," said Yuji Ando, country representative of the Jetro in Dhaka.

"However, a combination of structural inefficiencies and policy uncertainties pose serious challenges," he said.

Among the major concerns highlighted in the survey are political and social instability, unpredictable regulatory policies, and insufficient infrastructure.

Notably, 94.8 percent of Japanese firms cited political uncertainty as a key risk while 75.3 percent pointed to unclear government policy management.

Moreover, Bangladesh's legal and administrative processes, including delays in obtaining permits and tax-related complexities, were identified as significant hurdles to smooth business operations.

Further challenges are posed by a shortage of skilled labour, which impacts productivity and efficiency.

Japanese companies have noted that while Bangladesh has a growing workforce, gaps in technical training and professional expertise create barriers to scaling up operations.

Investing in workforce development, Ando suggested, would significantly improve the investment climate and increase the competitiveness of the local industry.

A key area where Bangladesh struggles is in local procurement, which remains significantly lower than in other regional economies.

Only 23.3 percent of materials and parts used by Japanese companies are sourced locally, compared to higher rates in Vietnam, Indonesia, and India.

"The lack of reliable suppliers meeting international quality and technical standards remains a major obstacle," Ando noted.

The survey found that 79.3 percent of Japanese companies in Bangladesh faced difficulties in finding suppliers who met their quality requirements while 55.2 percent reported challenges in securing necessary raw materials.

To mitigate this, Japanese businesses are calling for more investment in the backward linkage industries and increased government support to strengthen local supply chains.

"Improving the local supplier ecosystem is critical to reducing dependency on imports and ensuring cost efficiency in production," Ando emphasised.

Additionally, logistical inefficiencies, such as delays at ports and high transportation costs, further complicate supply chain operations.

Japanese firms have called for streamlined customs procedures and improved transport infrastructure to ensure a more seamless movement of goods, which would reduce costs and enhance profitability.

Despite these obstacles, Japanese firms see long-term potential in Bangladesh, given its growing consumer base and strategic location.

The Jetro report suggests that expansion of business activities in Bangladesh remains a priority, particularly in sectors such as high-value manufacturing, consumer goods, and technology.

Ando emphasised that while Bangladesh presents numerous investment opportunities, addressing regulatory transparency and policy consistency would be essential in sustaining investor confidence.

"A stable and predictable business environment is crucial for attracting more Japanese investments," he noted.

One promising development is an increase in economic cooperation between Japan and Bangladesh.

Large-scale infrastructure projects supported by Japanese investment, such as the ongoing construction of the Matarbari deep-sea port and various road and energy projects, demonstrate Japan's commitment to enhancing Bangladesh's business environment.

These improvements could alleviate some of the logistical constraints currently affecting foreign businesses.

With Japan being one of Bangladesh's largest development partners, continued collaboration between the two nations could help overcome these challenges and pave the way for stronger economic ties.

Experts believe that a combination of government policy reforms, infrastructure advancements, and skilled workforce development will be key to ensuring long-term success for Japanese investors in Bangladesh.

While risks persist, the overall sentiment remains one of cautious optimism as Bangladesh works towards becoming a more favourable investment destination.

If the country can successfully address its regulatory and infrastructure shortcomings, it has the potential to emerge as a premier hub for Japanese investment in South Asia.​

 

[Saif]

Political stability key to higher Japanese investment: experts

Bangladesh must ensure long-term political stability, maintain policy consistency, and improve regulatory processes to create an environment conducive to attracting more Japanese investment, according to speakers at a discussion yesterday.

www.thedailystar.net

Political stability key to higher Japanese investment: experts

Bangladesh must ensure long-term political stability, maintain policy consistency, and improve regulatory processes to create an environment conducive to attracting more Japanese investment, according to speakers at a discussion yesterday.

The findings of the Japan External Trade Organization (Jetro) 2024 survey have underscored the country's resilience and investment potential, particularly in attracting Japanese businesses, they said.

The discussion on the "2024 Jetro Survey on Business Conditions of Japanese Companies in Asia and Oceania" was organised by Jetro at The Westin Dhaka.

"Political stability and policy consistency remain vital to investor confidence," said Ashik Chowdhury, executive chairman of Bida

"Bangladesh's investment potential and key areas for improvement have been reflected in the Jetro 2024 survey," said Ashik Chowdhury, executive chairman of the Bangladesh Investment Development Authority (Bida).

Speaking on the country's commitment to fostering a business-friendly environment, he reaffirmed Bida's dedication to addressing investor concerns, particularly those of Japanese businesses.

"The structured flow of human capital is crucial," he said, noting that Japanese investors emphasise skilled labour export and knowledge exchange.

Bida is actively working to streamline labour management systems to ensure a stronger economic partnership with Japan, he said.

Chowdhury also stressed the need to integrate Bangladesh into the broader regional trade network.

He acknowledged that investment decision-making varies globally and that Japanese investors typically adopt a long-term approach.

"Political stability and policy consistency remain vital to investor confidence," he said.

Chowdhury also emphasised the need for structural reforms to ensure transparency and predictability.

"Developing quantifiable indicators will help track progress and build a more stable investment environment," he said.

An upcoming investment summit has drawn significant global interest, said Chowdhury, expressing optimism about Bangladesh's potential to become a leading investment destination.

Saida Shinichi, Japan's ambassador to Bangladesh, said the findings of the Jetro survey reaffirm what has long been recognised—that Bangladesh holds immense potential as a destination for Japanese investment.

He said the country's business environment was improving and that despite global uncertainties, the Bangladeshi economy remained resilient.

"While some investors may be waiting for the outcome of upcoming national elections, it is reassuring to see a growing sense of stability and optimism in the market," he said.

"My recent visit to Japan, along with high-level exchanges between our two countries, highlights the deepening economic relationship we share," he pointed out.

"However, to fully unlock this potential, we must continue working together to enhance business conditions, address investor concerns, and ensure long-term policy continuity," the ambassador emphasised.

He also said Japanese companies were eager to explore opportunities in Bangladesh, particularly in manufacturing, infrastructure, and human capital development.

"To attract more investment, it is crucial to streamline regulatory processes, improve logistics, and create a more predictable business environment," he said.

"These efforts will not only benefit Japanese investors but also contribute to Bangladesh's long-term economic growth," Shinichi added.

He said stability, continuity, and cooperation would be essential in shaping a future where Japanese and Bangladeshi businesses thrive together.

"I… remain confident that, through collaboration, we can further strengthen our economic partnership," he said.

"Japan remains committed to supporting Bangladesh's development journey, and I believe our cooperation will only grow stronger in the years ahead," Shinichi said.

"The Jetro 2024 survey highlights Bangladesh's strong business momentum despite political changes, reflecting its resilience and investment potential," said Tareq Rafi Bhuiyan, president of the Japan-Bangladesh Chamber of Commerce and Industry.

He said Japanese companies were increasingly exploring both export and domestic market opportunities, showcasing confidence in Bangladesh's economic landscape.

However, for sustainable growth, key factors must be addressed—ensuring political stability, maintaining policy consistency, and developing backward linkage industries to enhance local procurement, he added.

"BIDA's proactive approach and the Japanese ambassador's continuous support are crucial in this regard. Strengthening these areas will further solidify Bangladesh's position as a key investment destination for Japanese businesses," he said.

Yuji Wagata, vice president of the Japanese Commerce and Industry Association in Dhaka, said they were committed to creating a stable and conducive environment for business growth through collaboration and effective regulation.

"By working together, we can enhance Bangladesh's business climate and contribute to its economic development," he said.

Yuji Ando, country representative of Jetro in Dhaka, highlighted that business momentum in Bangladesh remains strong despite political changes.

He said Japanese companies were increasingly exploring both export-oriented and domestic market opportunities in the country.

He emphasised that political stability, policy consistency, increasing local procurement to reduce costs, and the development of backward linkage industries were crucial for business expansion.

Ando stressed that the success of Japanese companies in Bangladesh directly contributes to the country's foreign direct investment promotion, underscoring the importance of continuous efforts and dialogue in business development.​

 

[Saif]

Over 60pc Japanese cos keen to expand business in Bangladesh

Japanese vice-minister for economy, trade and industry Matsuo Takehiko while referring to a survey said that more than 60 per cent of the Japanese companies were considering expanding their business in Bangladesh...

www.newagebd.net

Over 60pc Japanese cos keen to expand business in Bangladesh
Bangladesh Sangbad Sangstha . Dhaka 23 April, 2025, 22:41

Participants pose for photo during The 6th Bangladesh-Japan public-private joint economic dialogue held on Wednesday at the Ministry of Economy, Trade and Industry at Tokyo in Japan. | BSS photo

Japanese vice-minister for economy, trade and industry Matsuo Takehiko while referring to a survey said that more than 60 per cent of the Japanese companies were considering expanding their business in Bangladesh.

He said that his government is ready to facilitate enhancing Japanese investment in Bangladesh through public private partnership.

The vice-minister was speaking at the 6th Bangladesh-Japan Public-Private Joint Economic Dialogue held today at the Japanese Economy, Trade and Industry ministry in Tokyo, according to a message received here today.

The Bangladesh delegation, comprising senior government officials and private sector representatives, was led by principal secretary to the chief advisor M Siraz Uddin Miah.

Bangladesh Ambassador to Japan Md Daud Ali and Japanese Ambassador to Bangladesh Saida Shinichi also attended the event.

The dialogue provided a platform for continued open and constructive engagement between stakeholders from both countries.

The discussions focused on strengthening trade and investment cooperation, with particular attention to connectivity, the Bay of Bengal Industrial Growth Belt (BIG-B), logistics, energy transition, agriculture, and the simplification of tax and customs procedures.

At the dialogue, Bangladesh highlighted its investment potential and ongoing reform initiatives aimed at fostering a more business-friendly environment.

The Japanese side was updated on the progress made in response to earlier feedback from Japanese investors.

The Japanese delegation conveyed their private sector’s strong satisfaction with Bangladesh’s improving business climate, noting that the number of Japanese companies in the country has tripled over the past decade.

This reflects increased investor confidence and strong interest in business expansion.

Both sides reaffirmed their commitment to deepening bilateral economic ties and expressed the hope for concluding the Economic Partnership Agreement (EPA) by the end of this year.

Bangladesh reiterated its full support to facilitate Japanese investment and emphasized its willingness to work closely with Japanese stakeholders.

The Japanese side welcomed the ongoing reforms and expressed optimism that the current momentum would continue.

Principal Secretary Miah assured that the Bangladesh government will continue working to address the key challenges, as raised in the discussion.

He highlighted reform and automation efforts to ensure a more investor-friendly environment and underscored the importance of concluding the EPA before Bangladesh’s graduation from Least Developed Country (LDC) status.

The dialogue, held in a hybrid format, was attended by senior officials from both governments and prominent business leaders.

From Bangladesh, participants included representatives from the chief advisor’s Office, National Board of Revenue, Ministry of Commerce, Bangladesh Investment Development Authority (BIDA), Bangladesh Bank and FBCCI.

From the Japanese side, participants included among others the Chairman of the Japan-Bangladesh Committee for Commercial and Economic Co-operation of the Japan Chamber of Commerce and Industry (JCCI), Japanese foreign ministry and other ministries officials as well as heads of the JICA and JETRO offices in Bangladesh and representatives from the Japanese private sector.​

 

[Saif]

Bangladesh now a unique example of growth and development: Commerce Adviser

Commerce Adviser Sk Bashir Uddin has said Bangladesh is now a unique example of growth and development in the world. “With extensive socio-economic development, the country now aspires to become an upper middle income country by 2031,” the adviser said, while speaking at a programme or

thefinancialexpress.com.bd

Bangladesh now a unique example of growth and development: Commerce Adviser
Published :
May 11, 2025 21:50
Updated :
May 11, 2025 21:50

Commerce Adviser Sk Bashir Uddin has said Bangladesh is now a unique example of growth and development in the world.

“With extensive socio-economic development, the country now aspires to become an upper middle income country by 2031,” the adviser said, while speaking at a programme organised on the occasion of “Bangladesh Day” of World Expo 2025 in Japan’s Osaka on Sunday afternoon.

He also mentioned that the growing young population and stable growth have elevated the people of the country to a level of prosperity, reports UNB.

The adviser has called on business leaders around the world to be partners in the journey of a developed and prosperous Bangladesh.

Bashiruddin has called on business leaders around the world to be partners in the journey of a developed and prosperous Bangladesh.

Calling for investment by exploring business opportunities in Bangladesh, Adviser Bashir said that we need to work together for the future generations by utilizing technology and experience.

Urging visitors to visit the Bangladesh Pavilion, he said that the pavilion highlights the rich history, culture and heritage of Bangladesh. As a symbol of bridging the gap between tradition and future society, the pavilion has been built with a wooden structure, which is an example of zero carbon and sustainable practices.

He also said that in addition to the growing domestic market, Bangladesh has become a strategic hub for ASEAN countries. As such, Bangladesh has immense potential to become one of the most important strategic trade partners in the region.

Stating that the July-August Revolution led by the youth has created new possibilities in Bangladesh, he further said that by taking advantage of the liberal investment regime, developed countries of the world can take advantage of investment opportunities in ready-made garments, leather, pharmaceuticals, light engineering, IT, jute and jute products, and ceramic industries.

Speaking as a special guest at the event, State Minister of the Ministry of Economy, Trade and Industry of Japan (METI) Ogushi Masaki said that Japan has been engaged in diplomatic and economic relations with Bangladesh since 1972.

“This relationship is constantly growing and Japan’s cooperation will continue in the LDC transition process of Bangladesh in 2026,” he added.

Bangladesh Ambassador to Japan Md. Daud Ali was present at the event.​

 

[Saif]

Bangladesh-Japan FOC to focus on CA's Japan visit

The upcoming visit of Chief Adviser Professor Muhammad Yunus to Japan will be a key focus during the Foreign Office Consultation (FOC) between the two countries on May 15 in Tokyo. Professor Yunus is expected to attend the Nikkei Forum, scheduled to be held in Tokyo on May 29. He is also likely to

thefinancialexpress.com.bd

Bangladesh-Japan FOC to focus on CA's Japan visit
FE OLINE REPORT
Published :
May 13, 2025 19:43
Updated :
May 13, 2025 19:43

The upcoming visit of Chief Adviser Professor Muhammad Yunus to Japan will be a key focus during the Foreign Office Consultation (FOC) between the two countries on May 15 in Tokyo.

Professor Yunus is expected to attend the Nikkei Forum, scheduled to be held in Tokyo on May 29. He is also likely to hold a bilateral meeting with the Japanese Prime Minister on 30 May, before departing for home on the same day, according to sources at the Foreign Ministry.

“Issues related to trade, investment, and the continuation of economic cooperation will be highlighted during the FOC,” said the Japanese Ambassador to Dhaka, Saida Shinichi.

Speaking to reporters at the Foreign Ministry following a meeting, the envoy noted that the Japanese government has not yet made a public announcement regarding the Chief Adviser’s visit.

“Japan has been your faithful development partner since independence,” he stated.

He also highlighted Japan’s involvement in key development projects in Bangladesh, such as the Matarbari Deep Sea Port, metro rail, and railway line initiatives.

According to Foreign Ministry officials, Mr Nazrul Islam, Secretary (East), will lead the Bangladeshi delegation.

Although the Foreign Secretary typically leads such consultations, he will not be attending this time. His absence from the recent FOC with Denmark has further fuelled speculation regarding his possible removal.​

 

[Saif]

Dhaka-Tokyo meeting: Nazrul Islam to lead Bangladesh, not Jashim Uddin

Chief Adviser of the interim government Professor Muhammad Yunus is scheduled to visit Tokyo at the last week of May.

en.prothomalo.com

Dhaka-Tokyo meeting: Nazrul Islam to lead Bangladesh, not Jashim Uddin
Raheed Ejaz Dhaka
Published: 14 May 2025, 17: 19

Flags of Bangladesh and Japan

Uncertainty shrouded all of a sudden on Monday over the foreign secretary-level meeting between Bangladesh and Japan, scheduled to be held on 15 May.

Finally, the meeting will go ahead, and Md Nazrul Islam, secretary (east) at the foreign ministry, will lead the Bangladesh side at the meeting, not the foreign secretary Md Jashim Uddin.

The two countries agreed some time ago to hold the foreign secretary-level talks in Tokyo, but the foreign ministry sent a diplomatic note to the Japanese embassy on Monday morning infirming the latter that Bangladesh postponed the meeting due to ‘unavoidable circumstances.’

Chief adviser of the interim government Professor Muhammad Yunus is scheduled to visit Tokyo at the last week of May.

Prior to that, there had been talk of postponing the foreign secretary-level meeting between the two countries.

According to diplomatic sources, Japan brought the matter to the attention of the chief adviser’s office on Monday afternoon.

That evening, the chief advisor's special envoy for international affairs, Lutfey Siddiqi, instructed the foreign ministry to propose to Japan that a preparatory meeting be held on 15 May instead of the foreign secretary-level meeting.

Later that night, national security adviser Khalilur Rahman spoke to the chief adviser about the previously scheduled foreign secretary-level meeting. It was then decided that the meeting between the foreign secretaries of Bangladesh and Japan will be held in Tokyo.

However, Md Nazrul Islam, secretary (east) of the foreign ministry, would lead Bangladesh in the meeting on 15 May, not foreign secretary Md Jashim Uddin.

When asked, Md Nazrul Islam confirmed to Prothom Alo on Tuesday evening that he would participate in the foreign secretary-level meeting in Tokyo.

He said Tokyo has been officially informed that he would lead the Bangladeshi delegation in the talks.

Earlier, in light of the evolving situation, foreign secretary Md Jashim Uddin held a meeting on Tuesday afternoon in his office with Japan's ambassador to Dhaka, Saida Shinichi.

After the meeting with the foreign secretary, Saida Shinichi told Prothom Alo, “To the best of my knowledge, the prescheduled foreign secretary-level meeting is going to take place in Tokyo on 15 May. Various bilateral relations, as well as regional and international matters will be discussed at the meeting. Since professor Yunus is scheduled to visit Tokyo at the end of this month, that visit will also be discussed in the meeting.”

Just a week ago, ambassador Saida Shinichi also met with foreign secretary Md Jashim Uddin in preparation for the foreign secretary-level meeting between Dhaka and Tokyo.

The foreign ministry’s sudden decision to postpone the meeting via a letter surprised not only Japan but also policymakers within the Bangladeshi government.

Given that Japan is a long-standing and trusted partner, postponing the foreign secretary-level meeting just before professor Yunus’s visit—citing “unavoidable reasons”—was deemed unwelcome.

If the scheduled meeting had not taken place, there was concern that Japan might receive the wrong impression about the Bangladeshi government. However, due to timely intervention from the government, the risk of unnecessary complications between the two countries has been avoided.

According to government sources, the postponement of the foreign secretary-level meeting with Japan is linked to changes in the position of Bangladesh’s foreign secretary.

About a week ago, top policymakers of the government had nearly finalised the decision to remove Jashim Uddin from the post of foreign secretary. However, as of Tuesday, no official order was issued in this regard.

Currently, foreign adviser Md Touhid Hossain is on a visit to Germany to attend a UN ministerial-level meeting.

He is expected to return to the country this Thursday. Government officials indicated that decisions regarding changes to the foreign secretary post and the future of Jashim Uddin will be finalised after Touhid Hossain returns.

Agenda of foreign secretary-level meeting

Diplomatic sources have said the foreign secretary-level meeting between Bangladesh and Japan in Tokyo on 15 May will be held in two parts.

The initial session will focus on bilateral issues. In this segment, Japan will present a summary of the current state of bilateral relations. Japan is also expected to share its stance on a ‘Free and Open Indo-Pacific.’ Japan will also raise defence and security cooperation issues.

On the other hand, Bangladesh will bring up issues related to economic relations and cooperation, cultural exchange, and people-to-people contact. The Rohingya refugee issue is also expected to be addressed by Bangladesh during the first session.

In the second session, the focus will shift to regional issues. Bangladesh will raise matters concerning South Asia, while Japan is expected to discuss China and East Asia. Japan also plans to talk about global issues and mutual cooperation in the international arena.​

 

[Saif]

Duty-free trade facilities for BD in post-graduation era signalled

Japan is intent on step up engagement with Bangladesh under the heretofore-dormant Bay of Bengal Industrial Growth Belt (Big-B) initiative and also signals continued duty-free trade facilities even after Bangladesh's LDC graduation. The desires of the host were expressed during the 6th round of Fo

thefinancialexpress.com.bd

Greater BD-Japan coop spotlighted
Duty-free trade facilities for BD in post-graduation era signalled
Japan intent on invigorating Big-B initiative

FE REPORT
Published :
May 16, 2025 08:15
Updated :
May 16, 2025 08:15

Japan is intent on step up engagement with Bangladesh under the heretofore-dormant Bay of Bengal Industrial Growth Belt (Big-B) initiative and also signals continued duty-free trade facilities even after Bangladesh's LDC graduation.

The desires of the host were expressed during the 6th round of Foreign Office Consultations (FOC) with Bangladesh, held Thursday in Tokyo on wide-ranging agenda that also focused Indo-Pacific cooperation affairs.

Also, the industrially developed country of Asia intends to promote high-quality infrastructure projects and encourage Japanese manufacturing and production companies to expand their value chains into Bangladesh under the initiative codenamed Big-B, said officials of the foreign ministry in Dhaka.

"These efforts are aligned with Japan's broader vision of a Free and Open Indo-Pacific and its commitment to sustainable development of the region," said a spokesman for the foreign ministry.

A significant development happens to be Japan's positive stance on Bangladesh's request to maintain Duty-Free Quota-Free (DFQF) market access for Bangladeshi products during the post-graduation era after the country's exit from the least-developed country (LDC) club.

Japan also pledged support for improving market access for Bangladeshi fruits and vegetables.

The Bangladesh delegation was led by Ambassador Dr Md. Nazrul Islam, Secretary (East) of the Ministry of Foreign Affairs, while AKAHORI Takeshi, Senior Deputy Minister for Foreign Affairs of Japan, headed the host side.

Held in a "warm and congenial environment", the consultations encompassed comprehensive discussions on political, economic, and sectoral cooperation, with special focus on trade and investment, people-to-people connectivity, cultural exchanges, the Rohingya crisis, regional and global developments, and security partnerships, the spokesman added.

The two sides reviewed the progress made since the 5th round of FOC held in June 2024 in Dhaka and looked for future avenues of cooperation, including the upcoming visit of the Chief Adviser of Bangladesh to Japan.

Key areas of discussion included cooperation in human-resource development, energy transition through a joint crediting mechanism, climate-change adaptation, disaster and earthquake management, and collaboration on Effluent Treatment Plants (ETP), Treatment Storage and Disposal Facilities (TSDF), solar-power projects, agricultural mechanisation, and modernisation of shipyards.

Japan reaffirmed its strong support for Bangladesh's interim government and its reform agenda, reassuring continued assistance for the country's socioeconomic uplift.

Bangladesh, in turn, sought enhanced Japanese support through increased Official Development Assistance (ODA) concessional loans, extended loan-repayment periods, and budgetary support to bolster its development initiatives.

Tokyo also commended Bangladesh's continued efforts in sheltering the forcibly displaced Myanmar nationals (Rohingyas) and reiterated its commitment to their early and voluntary repatriation to Myanmar. Tokyo confirmed it would continue providing humanitarian assistance to the Rohingya population.

The two sides exchanged views on key regional and international developments and reaffirmed their commitment to strengthening collaboration on multilateral platforms, addressing global challenges and mutual interests.

The consultations concluded with a shared vision to fully leverage the strategic partnership between the two countries by integrating resources, geographical advantages, and development capacities to enhance the wellbeing of the two peoples, officials added.​

 

[Saif]

Advancing Japan-Bangladesh ties

Japan has long been one of Bangladesh's most dependable and consistent development partners. Since the latter's emergence as an independent nation in 1971, Japan has extended unwavering support to a broad range of sectors -- infrastructure, health, education, energy, and governance -- shaping much

thefinancialexpress.com.bd

Advancing Japan-Bangladesh ties
MIR MOSTAFIZUR RAHAMAN

Published :
May 20, 2025 00:20
Updated :
May 20, 2025 00:20

Japan has long been one of Bangladesh's most dependable and consistent development partners. Since the latter's emergence as an independent nation in 1971, Japan has extended unwavering support to a broad range of sectors -- infrastructure, health, education, energy, and governance -- shaping much of Bangladesh's socio-economic progress. Today, as Bangladesh stands on the cusp of graduating from its Least Developed Country (LDC) status, the importance of deepening its bilateral relationship with Japan is more pressing than ever.

A significant milestone in this enduring friendship is on the horizon. The upcoming three-day visit of Chief Adviser Professor Muhammad Yunus to Tokyo marks an important diplomatic engagement that is expected to yield major decisions aimed at further advancing Japan-Bangladesh ties. At a time when global alliances are being redefined and regional economic architecture is undergoing transformation, such high-level visits signal a renewed commitment to elevating bilateral cooperation to strategic heights.

The recent 6th round of Foreign Office Consultations (FOC) between the two nations, held in Tokyo, underscored the depth and breadth of this partnership. Japan reiterated its intent to deepen engagement with Bangladesh under the Bay of Bengal Industrial Growth Belt (BIG-B) initiative -- a visionary framework that seeks to integrate Bangladesh into regional value chains and catalyze industrial growth. By promoting high-quality infrastructure development and encouraging Japanese companies to establish manufacturing and production bases in Bangladesh, BIG-B has the potential to transform the country into a key economic hub in South Asia.

The alignment of this initiative with Japan's larger vision of a Free and Open Indo-Pacific is not only strategic but also timely. As geopolitical dynamics shift and regional economies seek greater interdependence, Bangladesh's geographical position as a gateway between South and Southeast Asia makes it an indispensable partner for Japan's Indo-Pacific aspirations. By reinforcing economic cooperation through BIG-B and other bilateral platforms, both countries are contributing to a shared vision of regional stability, open trade, and sustainable development.

One of the most noteworthy developments during the FOC was Japan's positive response to Bangladesh's request for Duty-Free Quota-Free (DFQF) market access for Bangladeshi products beyond the LDC graduation. This is a crucial consideration for our exporters, especially in the garments sector, who may face increased tariffs once Bangladesh transitions out of LDC status. Japan's willingness to consider continued DFQF access, along with improved entry for Bangladeshi fruits and vegetables, reflects its understanding of our developmental needs and its commitment to equitable trade relations.

The FOC also provided a platform for comprehensive discussions on an array of bilateral and multilateral issues, ranging from trade and investment to regional security and humanitarian cooperation. High on the agenda was the plight of the Rohingya population. Japan's continued humanitarian assistance and its support for the voluntary, safe, and dignified repatriation of Rohingya refugees underscore Tokyo's role as a responsible global actor. As the burden of hosting over a million displaced people continues to weigh heavily on Bangladesh, such international solidarity is both necessary and commendable.

Beyond trade and humanitarian concerns, both sides explored avenues of cooperation in human resource development, energy transition, climate resilience, and disaster management. Japan's experience and technological expertise in these areas can significantly enhance Bangladesh's capacity to adapt to the challenges of the 21st century. Joint initiatives such as effluent treatment plants, solar power projects, and modernisation of shipyards are not merely development projects -- they are vital instruments for building a green, resilient, and inclusive future.

The discussions also touched upon the importance of cultural exchange, people-to-people connectivity, and educational cooperation -- areas that form the bedrock of long-term diplomatic ties. At a time when global politics is increasingly polarized, soft power diplomacy and mutual cultural appreciation serve as powerful tools to strengthen mutual trust and understanding.

Japan's reassurance of support for Bangladesh's interim government and reform agenda is particularly significant. As the nation navigates complex governance and economic challenges, strategic partnerships such as this can serve as both a stabilising force and a source of inspiration. Japan's model of development -- rooted in innovation, discipline, and human capital -- offers valuable lessons for Bangladesh's own journey toward prosperity.

Furthermore, Bangladesh has sought Japan's increased Official Development Assistance (ODA) in the form of concessional loans, extended repayment periods, and budgetary support. As the largest bilateral ODA donor to Bangladesh, Japan has consistently demonstrated its reliability. In this next phase of development -- which will involve major infrastructure modernization, digital transformation, and green transition -- continued Japanese assistance will be instrumental.

It is also worth noting that the two countries reaffirmed their commitment to multilateralism and shared interests in regional and global forums. In a rapidly changing world order, cooperative diplomacy is key to tackling shared challenges such as climate change, economic inequality, and security threats. Japan and Bangladesh, through their collaborative efforts, can be valuable contributors to a more inclusive and peaceful international system.

As the editorial team of this newspaper reflects on the evolving Bangladesh-Japan partnership, we are filled with optimism. The relationship between these two countries is not transactional; it is built on mutual respect, shared values, and a vision for a better future. The upcoming visit of Professor Muhammad Yunus to Tokyo is not just a diplomatic formality -- it is an opportunity to reaffirm our strategic alignment and to script a new chapter of deeper cooperation.

In the end, advancing Japan-Bangladesh ties is not just a foreign policy goal; it is a national imperative. In Japan, we find a partner that respects our sovereignty, supports our aspirations, and stands with us in times of need. As we look ahead, let us strengthen this friendship with renewed vigor, ensuring that our partnership continues to blossom for the benefit of both nations and the broader region.​

 

[Saif]

Japanese FDI rising, still there’s room to attract more

Japanese investment in Bangladesh has grown steadily over the past decade. But with clearer policies, improved infrastructure and a more predictable regulatory environment, there is room to attract much more.

www.thedailystar.net

Japanese FDI rising, still there’s room to attract more
Says Japan-Bangladesh chamber president, advocates for policy consistency and clarity

Tareq Rafi Bhuiyan Jun

Japanese investment in Bangladesh has grown steadily over the past decade. But with clearer policies, improved infrastructure and a more predictable regulatory environment, there is room to attract much more.

These were the key observations shared by Tareq Rafi Bhuiyan Jun, president of the Japan-Bangladesh Chamber of Commerce and Industry (JBCCI).

"There are now over 350 Japanese companies running in Bangladesh, which is nearly three times more than a decade ago," Jun said in a recent interview with The Daily Star.

"That is a positive sign, but it is not where it could be. Many Japanese companies are still in a wait-and-see mode because of recurring uncertainties in policy and regulation."

While Japanese firms are interested in Bangladesh's prospects, especially in light engineering, logistics, IT services, infrastructure, human resources and manufacturing, they are also wary of the country's investment climate.

"We are not just competing with ourselves," Jun said. "We are competing with countries like Vietnam, Indonesia, and India. Investors compare policies, timelines, and ease of doing business. In too many of these areas, Bangladesh still lags."

One promising development Jun pointed to is the Bangladesh Special Economic Zone in Araihazar area of Narayanganj, a joint venture between Japan's Sumitomo Corporation and the Bangladesh Economic Zones Authority (Beza).

Several Japanese and international firms, including Singer, Art Nature, Lion Corporation and IRIS, have already begun setting up operations there.

"The infrastructure of the zone at Araihazar is truly world-class," Jun said. "It gives Japanese investors confidence that things can be done right here. But one zone is not enough. The pace of such developments must be accelerated and backed by consistent policies."

However, even where infrastructure exists, policy instability often undercuts progress. According to Jun, predictability now matters more to investors than low costs.

"Cost matters, but stability matters more," he said. "Sudden changes to tax laws, customs rules, or investment incentives cause hesitation. Investors plan for decades, not for five-year electoral terms."

Japanese firms often cite political uncertainty, unclear policies, complex tax structures and customs delays as key concerns. These not only increase costs but also create unnecessary confusion for companies operating under tight schedules.

"Many of our member companies have experienced long delays at ports, inconsistent duty assessments, and overlapping regulations," Jun said. "For firms importing high-precision machinery or perishable components, this can be devastating."

The Japan-Bangladesh chamber president called for urgent reform of customs procedures, including the digitisation of clearance systems and a reduction in the discretionary powers of officials at checkpoints.

He welcomed government initiatives such as the Bangladesh Single Window (BSW) and the Authorised Economic Operator (AEO) schemes, describing them as steps in the right direction.

Jun also raised concern over the disadvantages faced by companies that follow the rules.

"Japanese firms follow global standards in labour, safety, import procedures and environmental compliance. But when they compete with local companies that cut corners on wages, taxes, or workplace safety, it creates an uneven playing field," he said.

He urged the government to reward ethical business conduct by offering incentives and support to both foreign and local firms that play by the rules.

"If compliance becomes a burden, investors will go elsewhere. We must align our systems so that the most responsible companies are also the most competitive."

Jun believes Bangladesh can strengthen its partnership with Japan by investing in its people. With Japan's ageing population, the demand for skilled foreign workers is rising and Bangladesh has the demographic advantage.

"If we can align our vocational and technical training systems to Japanese standards, our youth can find employment both at home and in Japan," he said.

Jun also pointed to the growing significance of the IT sector in Japan-Bangladesh ties.

"There is high demand for software development, business process outsourcing, and engineering services. But to meet this demand, we need collaboration between academia and industry, better training and greater exposure to global best practices."

To attract targeted Japanese investment, Jun said Bangladesh should develop sector-specific investment roadmaps.

"Each sector has its own requirements," he commented. "Whether it is infrastructure for logistics, power stability for manufacturing, or certifications for IT, these need to be mapped out clearly. Investors need visibility."

He also added that public-private consultation must be institutionalised and continuous, citing the Japan-Bangladesh Public-Private Economic Dialogue (PPED) as a platform that identifies and resolves key issues faced by investors.

"Happy investors work as ambassadors to attract further FDI," he added.

"Dialogue must not be ceremonial. It must feed directly into policy decisions, and its outcomes should be measurable."

Several major Japanese-backed infrastructure projects are already under way, including the Matarbari Deep Sea Port, the Dhaka Metro Rail, and the third terminal at Hazrat Shahjalal International Airport.

Jun believes these could be transformative, if completed on schedule.

"These are game changers," he said. "They will reduce logistics costs, boost efficiency, and make the country more attractive to investors."

Jun expressed optimism about the upcoming visit to Tokyo by Chief Adviser Professor Muhammad Yunus, calling it an opportunity to reset and deepen bilateral investment ties.

"This visit can demonstrate that Bangladesh is serious about long-term partnerships. But we must ensure deliverables, such as investment pledges, new agreements or knowledge-transfer initiatives."

He also praised the interim government's efforts to engage with all political parties, saying it had sent a reassuring message to foreign investors.

"Japanese investors want to see unity and continuity. Political alignment on economic goals builds long-term confidence."

"The next five years are make-or-break. If we make our systems more efficient, commit to policy stability, and deliver infrastructure on time, Japanese FDI will not just grow, it will multiply."

"But we cannot take this window for granted," he added. "Vietnam, Thailand, India, they are moving fast. If Bangladesh wants to compete, we must act now."​

 

[Saif]

BD-Japan economic corridor set for strategic growth

Standard Chartered Bangladesh, in association with Japan External Trade Organisation (JETRO) and key government institutions, recently hosted a high-level economic briefing spotlighting the strategic importance of the Japan-Bangladesh economic corridor. The event brought together senior representa

thefinancialexpress.com.bd

Resilient Horizons
BD-Japan economic corridor set for strategic growth
FE DESK REPORT
Published :
May 23, 2025 11:50
Updated :
May 23, 2025 11:50

Naser Ezaz Bijoy, CEO, Standard Chartered Bangladesh; Yusuke Asai, CEO, Standard Chartered Japan; Chowdhury Ashik Mahmud Bin Harun, Executive Chairman, BIDA; Saida Shinichi, Ambassador of Japan to Bangladesh; and other guests pose for photo at a high-level economic briefing held in Dhaka recently

Standard Chartered Bangladesh, in association with Japan External Trade Organisation (JETRO) and key government institutions, recently hosted a high-level economic briefing spotlighting the strategic importance of the Japan-Bangladesh economic corridor.

The event brought together senior representatives from Standard Chartered, the Bangladesh Investment Development Authority (BIDA), Japan International Cooperation Agency (JICA), Japan External Trade Organisation (JETRO), and the Embassy of Japan, along with business leaders and investors from both nations, says a statement.

As shifting global trade dynamics heighten interest in South Asia, the event underscored growing confidence in Bangladesh's economic resilience and reinforced the commitment of public and private sector stakeholders to unlocking new opportunities.

From macroeconomic stability to bold reforms -- leaders on both sides shared optimism, insights, and a shared vision for the future. With over 300 Japanese companies already operating in Bangladesh, the next chapter of this partnership is one of scale, sustainability, and shared prosperity.

Naser Ezaz Bijoy, CEO, Standard Chartered Bangladesh, said, "Japan has been an unwavering friend to Bangladesh since independence -- our partnership is rooted not just in policy, but in deep people-to-people ties. We are seeing encouraging signs across key economic indicators, and the outlook is more stable than it has been in years. With the right reforms and collaboration, Bangladesh has every potential to become a trillion-dollar economy within the next five years."

Yusuke Asai, CEO, Standard Chartered Japan, said, "Despite global shifts, two things remain unchanged-Standard Chartered's commitment to the Japan-Bangladesh corridor and the unconditional friendship between our two nations. Japan is one of the world's most globalized economies, and our companies are well-positioned to expand their footprint in Bangladesh. With over 300 Japanese firms already present, the time is ripe to scale up investment and strengthen our role in Bangladesh's growth story."

Chowdhury Ashik Mahmud Bin Harun, Executive Chairman, Bangladesh Investment Development Authority (BIDA), acknowledged the path ahead, saying: "We recognise the challenges investors face, and we are committed to transparency and reform. But progress requires continued pressure from the business community. Our aim is to create a stable, investor-friendly environment -- one that attracts long-term investment and reinforces economic resilience."

Saida Shinichi, Ambassador of Japan to Bangladesh, affirmed Japan's enduring partnership. "As a faithful strategic partner, Japan remains committed to investing in Bangladesh and supporting critical infrastructure. Our ongoing Economic Partnership Agreement negotiations further highlight our shared ambition, with significant opportunities emerging across agro-business, fisheries, automotive, and textiles," he said.

Enamul Huque, Country Chief Risk Officer, Standard Chartered Bangladesh, added: "With reserves stabilizing and exports on a consistent growth trajectory, Bangladesh remains a competitive and attractive destination for international investors, including those from Japan. As a leading foreign bank in Bangladesh and one of the largest foreign investors, Standard Chartered remains committed to promoting Bangladesh as a positive investment destination."

Yuji Ando, Country Representative, JETRO, reinforced investor confidence, "Bangladesh ranks number two in Asia in terms of business expansion potential, second only to India. Despite global economic and political uncertainty, existing Japanese companies are eager to expand their operations, underscoring their long-term commitment to this market."

Ichiguchi Tomohide, Chief Representative, JICA Bangladesh, said, "While progress has been made, much work remains to improve the investment climate. At JICA, we are working closely with JETRO and other partners to push forward strategic initiatives-from transformative infrastructure projects like the Matarbari deep-sea port and MRTs to streamlining investment procedures."

The event concluded on a note of shared optimism, with participants expressing strong confidence in Bangladesh's strategic potential underpinned by a longstanding partnership with Japan and a collective commitment to shaping a resilient future.​

 

[Saif]

Bangladesh to seek $1.0b in budget support

Bangladesh will seek one-billion-dollar budget support from Japan during the Chief Adviser's upcoming visit, which will also yield some bilateral cooperation accords, officials said. Chief Adviser Prof Muhammad Yunus is scheduled to visit Tokyo on June 28-31, with these matters high on agenda, t

thefinancialexpress.com.bd

CA visits Japan from May 28
Bangladesh to seek $1.0b in budget support
Defence equipment deal dropped from agenda, seven MoUs likely

MIR MOSTAFIZUR RAHAMAN
Published :
May 26, 2025 01:42
Updated :
May 26, 2025 01:42

Bangladesh will seek one-billion-dollar budget support from Japan during the Chief Adviser's upcoming visit, which will also yield some bilateral cooperation accords, officials said.

Chief Adviser Prof Muhammad Yunus is scheduled to visit Tokyo on June 28-31, with these matters high on agenda, the foreign adviser told The Financial Express Sunday.

Officials of the ministry have said both the countries have agreed to sign 7 MoUs during the visit of the head of interim government.

"One will be signed on energy cooperation, two of them will be signed with BIDA, two with the Special Economic Zones Authority, and two will be business-to-business MoU," said a high official of the ministry.

"We will also seek one billion US dollars from the Japan government," he said, adding that Japan was yet to disclose their position in this regard.

"We are expecting a substantial amount," he said about the latest in a hunt for foreign funds to bankroll national budget and development recipe it carries. Bangladesh will seek enhanced Japanese support through increased Official Development Assistance (ODA), concessional loans, extended loan-repayment periods, and budgetary support to bolster its development initiatives, officials said.

The government will also seek cooperation from Japan in different sectors like infrastructure, shipbuilding, blue economy, trade and investment, and energy during the bilateral meeting scheduled for May 30.

The two Asian nations had previously agreed to ink a deal on defence-equipment technology and training, but on Sunday, Japan requested dropping the deal, saying that they cannot sign it without vetting by parliament.


There will be a proposal for increasing the number of Japanese scholarships for Bangladeshi students.

According to officials, as Japan expressed its intent to step up engagement with Bangladesh under the Bay of Bengal Industrial Growth Belt (Big-B) initiative, this issue will be focused during the visit.

Japan intends to promote high-quality infrastructure projects and to encourage Japanese manufacturing and production companies to expand their value chains into Bangladesh under this initiative, said officials of the foreign ministry in Dhaka.

These efforts are aligned with Japan's broader vision of a Free and Open Indo-Pacific and its commitment to sustainable development of the region, they added.

Bangladesh will also request Japan to extend Duty-Free, Quota-Free (DFQF) market access for Bangladeshi products during the post-LDC graduation period and is expecting a positive result.

Outlining key areas of cooperation, officials said human-resource development, energy transition through a joint crediting mechanism, climate- change adaptation, earthquake management, and collaboration on Effluent Treatment Plants (ETP), Treatment Storage and Disposal Facilities (TSDF), solar-power projects, and modernisation of shipyards.

The repatriation of Rohingyas and humanitarian support for them in Cox's Bazar will also be on the table.​

 

[Saif]

Japan sees Yunus’ visit as chance to deepen ties

Japan on Monday said Chief Adviser Prof Muhammad Yunus’ official visit to Japan is expected to ‘further strengthen’ the friendly relations between the two countries. The Chief Adviser will pay an ‘official working visit’ to Japan from May 28 to 31. During his stay in

thefinancialexpress.com.bd

Japan sees Yunus’ visit as chance to deepen ties

UNB
Published :
May 26, 2025 18:30
Updated :
May 26, 2025 18:30

Japan on Monday said Chief Adviser Prof Muhammad Yunus’ official visit to Japan is expected to ‘further strengthen’ the friendly relations between the two countries.

The Chief Adviser will pay an ‘official working visit’ to Japan from May 28 to 31.

During his stay in Japan, Prime Minister Ishiba Shigeru will hold a Bangladesh-Japan Summit meeting with Chief Adviser Prof Yunus.

The Chief Adviser will also attend the Nikkei Forum 30th ‘Future of Asia’.

This will be Prof Yunus’ first visit to Japan as the Chief Adviser, said the Japanese Ministry of Foreign Affairs.

Meanwhile, Japanese Ambassador to Bangladesh Saida Shinichi talked to a select group of reporters at his residence on various aspects of the visit.

Prof Yunus visited Japan multiple times, including the visit to attend the 2004 Nikkei Asia Prize award ceremony and the participation in the Ministry of Foreign Affairs’ Opinion Leader Invitation Program in 2007.​

 

[Saif]

Dhaka to seek US$1b soft loan during CA's Japan visit

Bangladesh will seek USD 1 billion soft loan from Japan during the upcoming official visit of Chief Adviser Professor Dr Muhammad Yunus to Tokyo

en.prothomalo.com

Dhaka to seek US$1b soft loan during CA's Japan visit

BSS
Updated: 26 May 2025, 22: 06

Flags of Bangladesh and Japan BSS

Bangladesh will seek USD 1 billion soft loan from Japan during the upcoming official visit of Chief Adviser Professor Dr Muhammad Yunus to Tokyo, scheduled for 28-31 May.

"The main focus of this visit is budgetary support," said Acting Foreign Secretary Md Ruhul Alam Siddique while addressing a curtain-raiser press briefing at the Ministry of Foreign Affairs this afternoon.

Chief Adviser Yunus is expected to depart Dhaka early Wednesday for the four-day visit, during which he will hold bilateral talks with Japanese Prime Minister Shigeru Ishiba on 30 May, aimed at deepening cooperation across a wide range of strategic areas.

"The formal announcement of the soft loan is expected following the bilateral talks, after which an exchange of notes will be signed," Siddique said.

Tokyo will accord a red-carpet welcome to the Chief Adviser upon his arrival, including a guard of honour, he said.

The Acting Foreign Secretary said the visit will prioritise the enhancement of bilateral relations, with special focus on economic and strategic collaboration.

A total of seven Memorandums of Understanding (MoUs) are expected to be signed during the visit, covering energy cooperation, human resource development, manpower export, and the establishment of special economic zones.

Professor Yunus will also participate in the Nikkei 30th Future of Asia Conference to be held in Tokyo on 29–30 May, where he will deliver a keynote speech in a plenary session.

He was invited to the forum by Japanese Parliamentary Vice-Minister for Foreign Affairs Ikuina Akiko earlier this year.

The Chief Adviser is also a recipient of the prestigious Nikkei Asia Prize, awarded in 2004.

Highlighting the broader significance of the visit, Siddique said discussions will include a wide range of bilateral and multilateral issues, including trade and investment, political and economic cooperation, security, regional and global developments, and the issue of forcibly displaced Rohingyas from Myanmar.

Japan has reiterated its commitment to strengthening engagement with Bangladesh under the Bay of Bengal Industrial Growth Belt (Big-B) initiative and the broader Free and Open Indo-Pacific Strategy, he said.

As part of these initiatives, Japan aims to support high-quality infrastructure projects in Bangladesh and promote the expansion of Japanese manufacturing value chains, he added.

Diplomatic sources noted that both countries will seek to further enhance ties under the Japan-Bangladesh Strategic Partnership with an emphasis on people-to-people connectivity, cultural exchanges, and sectoral cooperation.

Director General of the East Asia & Pacific Wing Mohammed Nore-Alam and Director General of the Public Diplomacy Wing Shah Asif Rahman also addressed the media.​

 

[Saif]

Prof Yunus seeks JICA’s greater support for MIDI

Chief Adviser Professor Muhammad Yunus on Thursday called upon the Japan International Cooperation Agency (JICA) to bolster its support for the Moheshkhali-Matarbari Integrated Development Initiative (MIDI), aiming to transform the region into a vital engine for Bangladesh’s future economic g

thefinancialexpress.com.bd

Prof Yunus seeks JICA’s greater support for MIDI
Moheshkhali-Matarbari region seen as pivotal engine for future economic growth

Published :
May 29, 2025 18:19
Updated :
May 29, 2025 18:19

Chief Adviser Professor Muhammad Yunus on Thursday called upon the Japan International Cooperation Agency (JICA) to bolster its support for the Moheshkhali-Matarbari Integrated Development Initiative (MIDI), aiming to transform the region into a vital engine for Bangladesh’s future economic growth.

The request was made during a meeting with JICA President Dr Tanaka Akihiko on the sidelines of the 30th Nikkei Forum: Future of Asia, held at the Imperial Hotel in Tokyo, reports UNB.

“The MIDI region represents the future of Bangladesh,” Prof Yunus said. “With access to the Bay of Bengal, we are developing deep-sea ports, highways, and railway links to connect the MIDI region with Nepal, Bhutan, and other parts of South Asia.”

JICA initially proposed the development of a deep-sea port at Matarbari. The interim government, under Prof Yunus’ leadership, is now formulating a comprehensive master plan to transform the entire MIDI region into a hub for ports, logistics, fishing, energy and power.

“Our vision includes building a megacity in the region,” Prof Yunus added, noting that airports are also being upgraded to accommodate increased travel demands.

Dr Tanaka reaffirmed JICA’s commitment to the MIDI development but emphasised the need for accelerated decision-making to expedite project implementation.

In response, Prof Yunus announced plans to appoint a senior official to oversee MIDI projects and coordinate efforts with JICA and other potential foreign investors.

The Chief Adviser also revealed plans to establish free trade zones within the MIDI area, inviting foreign investors to set up manufacturing plants aimed at export markets.

Besides, the government intends to create an exclusive fisheries zone in the region, enabling large fishing vessels to operate.

“We need to engage in deep-sea fishing,” Prof Yunus explained. “Currently, fishing vessels from neighbouring countries exploit these waters, while our trawlers are too small for deep-sea operations. By developing our capabilities, we can process the catch in the fisheries zone for both export and domestic consumption.”

Dr Tanaka said this was possibly the first time he had heard a Bangladeshi leader discuss deep-sea fishing initiatives.

The two leaders also discussed Bangladesh’s reform agenda following the July uprisings, the country’s democratic transition, and the Interim Government’s anti-corruption efforts.

Prof Yunus confirmed that general elections are scheduled to be held between December and June, after which he plans to return to his previous work once an elected government assumes office.

The Rohingya crisis was also discussed, with the Chief Adviser seeking increased JICA’s support for humanitarian responses.

Dr Tanaka expressed JICA’s willingness to participate in international efforts addressing the Rohingya crisis.​

 

[Saif]

Japan to recruit 1,00,000 Bangladeshi workers in 5yrs

Japanese authorities and businesses on Thursday announced plans to recruit at least 1,00,000 workers from Bangladesh in the next five years to meet the country’s growing labourers’ shortage.

www.newagebd.net

Japan to recruit 1,00,000 Bangladeshi workers in 5yrs
Bangladesh Sangbad Sangstha . Tokyo, Japan 29 May, 2025, 20:01

The national flags of Bangladesh and Japan. | File photo

Japanese authorities and businesses on Thursday announced plans to recruit at least 1,00,000 workers from Bangladesh in the next five years to meet the country’s growing labourers’ shortage.

Speaking at a seminar titled, ‘Bangladesh seminar on human resources’, chief adviser Professor Muhammad Yunus said that the interim government of Bangladesh would do everything in its capacity to create the job opportunities for Bangladeshis in Japan.

‘This is going to be the most exciting day for me, the most inspiring day. This will open the door for Bangladeshis not to only work but to know Japan,’ he said.

The chief adviser witnessed the signing of two Memorandum of Under standings – first between Bangladesh’s Bureau of Manpower Employment and Training and Kaicom Dream Street, a Japan-Bangladesh joint venture, and second among Bangladesh’s BMET and Japan’s National Business Support Combined Cooperatives, a business federation with over 65 receiving companies operating in the country, and Japan Bangla Bridge Recruiting Agency at the event organised in Toshi Kaikan conference hall in Tokyo.

Yunus noted that Bangladesh was a country of 180 million people, and half of them were under 27. The government’s job was to open the door for them.

Mitsuru Matsushita, representative director of supervising organisation Shizuoka Workplace Environment Improvement Cooperative, said that many Japanese companies were facing enquiries about Bangladeshis, and he believed the trend would continue.

‘Bangladeshi talents hold great potential. It is our duty to nurture their talent,’ he said.

Mikio Kesagayama, chairman of NBCC, recalled that about 14 years ago, Professor Yunus came to Japan and was telling stories about helping women through microcredit.

‘Our Federation looks to Bangladesh for young and capable labour. They can contribute to the development of both Bangladesh and Japan. In the coming five years, we are prepared to welcome more than 1,00,000 Bangladeshi workers,’ he said.

Sharing the future plan on the recruitment of Bangladeshis in the Japanese industries, Miki Watanabe, president of Watami Group, said that a school, they established in Bangladesh, trained 1,500 students every year, and they were then planning to raise the number to 3,000.

‘With technical education in Bangladesh, they can enter the job market in Japan,’ he said.

Hiroaki Yagi, chairman of Japan International Trainee and Skilled Worker Cooperation Organisation, shared the potential and challenges for Bangladeshis in the Japanese labour market.

He said that the number of language teachers in Bangladesh was still short.

Niki Hirobumi, state minister of the ministry of health, labour and welfare in Japan, said that his country was facing a declining population and thus would need the support of Bangladeshi workforce.

‘This can be promising not only for Bangladesh but also for Japan,’ he said.

In his welcome speech, Daud Ali, Bangladesh ambassador to Japan, said that by 2040, the Japanese labour shortage could reach 11 million, and Bangladesh could take the opportunity to send more skilled workers.

Foreign adviser Md Touhid Hossain, chief adviser’s special envoy Lutfey Siddiqi and principal coordinator on SDG affairs Lamiya Morshed were also present at the meeting.​

 

[Saif]

Yunus, Japanese PM to hold talks tomorrow eyeing greater cooperation

Chief Adviser Professor Muhammad Yunus and Japan Prime Minister Ishiba Shigeru are set to hold bilateral talks tomorrow which will outline areas of cooperation to further strengthen the relations between the two friendly nations

www.thedailystar.net

Yunus, Japanese PM to hold talks tomorrow eyeing greater cooperation

Chief Adviser Professor Muhammad Yunus and Japan Prime Minister Ishiba Shigeru are set to hold bilateral talks tomorrow which will outline areas of cooperation to further strengthen the relations between the two friendly nations.

Ahead of the meeting, Prof Yunus said he is looking forward to his meeting with the Japanese prime minister to expand the ongoing collaboration between the two countries in different sectors.

"There are so many areas of collaboration between Japan and Bangladesh; I want to build on this," the chief adviser said when President and CEO of Nikkei Inc. Tsuyoshi Hasebe called on him at the Imperial Hotel.

Japan said PM Ishiba Shigeru's bilateral talks with Prof Yunus would render a "precious opportunity" for Japan to indicate its further support to the transition efforts of the chief adviser and his interim government.

Prof Yunus and Shigeru Ishiba will discuss "strategic bilateral" issues to strengthen the relations on all fronts.

"The meeting will discuss various strategic bilateral issues between Bangladesh and Japan – trade and investment, cooperation in the areas of agriculture, infrastructure, human resources development," said Acting Foreign Secretary Md Ruhul Alam Siddique.

Prior to the meeting, the chief adviser will be given a red carpet reception and a guard of honour, he said.

The chief adviser is scheduled to arrive at Prime Minister's Office of Japan at 10:00am (Tokyo time).

"The main focus of this visit is budgetary support," Ruhul said, adding that a total of seven MoUs are likely to be signed during the official visit of the chief adviser.

Chief Adviser's Press Secretary Shafiqul Alam on Tuesday said Bangladesh is expecting to get $500 million budgetary supports from Japan in addition to $250 million for the country's railway sector with likely support in other areas as the two countries eye to further strengthen relations.

Bangladesh has sought $1 billion from Japan in the form of "soft loan", and the announcement will come formally after the bilateral talks between the two leaders and an exchange of notes will be signed.​

 

[Bilal9]

Japan to recruit 1,00,000 Bangladeshi workers in 5yrs

Japanese authorities and businesses on Thursday announced plans to recruit at least 1,00,000 workers from Bangladesh in the next five years to meet the country’s growing labourers’ shortage.

www.newagebd.net

Japan to recruit 1,00,000 Bangladeshi workers in 5yrs
Bangladesh Sangbad Sangstha . Tokyo, Japan 29 May, 2025, 20:01

View attachment 17971
The national flags of Bangladesh and Japan. | File photo

Japanese authorities and businesses on Thursday announced plans to recruit at least 1,00,000 workers from Bangladesh in the next five years to meet the country’s growing labourers’ shortage.

Speaking at a seminar titled, ‘Bangladesh seminar on human resources’, chief adviser Professor Muhammad Yunus said that the interim government of Bangladesh would do everything in its capacity to create the job opportunities for Bangladeshis in Japan.

‘This is going to be the most exciting day for me, the most inspiring day. This will open the door for Bangladeshis not to only work but to know Japan,’ he said.

The chief adviser witnessed the signing of two Memorandum of Under standings – first between Bangladesh’s Bureau of Manpower Employment and Training and Kaicom Dream Street, a Japan-Bangladesh joint venture, and second among Bangladesh’s BMET and Japan’s National Business Support Combined Cooperatives, a business federation with over 65 receiving companies operating in the country, and Japan Bangla Bridge Recruiting Agency at the event organised in Toshi Kaikan conference hall in Tokyo.

Yunus noted that Bangladesh was a country of 180 million people, and half of them were under 27. The government’s job was to open the door for them.

Mitsuru Matsushita, representative director of supervising organisation Shizuoka Workplace Environment Improvement Cooperative, said that many Japanese companies were facing enquiries about Bangladeshis, and he believed the trend would continue.

‘Bangladeshi talents hold great potential. It is our duty to nurture their talent,’ he said.

Mikio Kesagayama, chairman of NBCC, recalled that about 14 years ago, Professor Yunus came to Japan and was telling stories about helping women through microcredit.

‘Our Federation looks to Bangladesh for young and capable labour. They can contribute to the development of both Bangladesh and Japan. In the coming five years, we are prepared to welcome more than 1,00,000 Bangladeshi workers,’ he said.

Sharing the future plan on the recruitment of Bangladeshis in the Japanese industries, Miki Watanabe, president of Watami Group, said that a school, they established in Bangladesh, trained 1,500 students every year, and they were then planning to raise the number to 3,000.

‘With technical education in Bangladesh, they can enter the job market in Japan,’ he said.

Hiroaki Yagi, chairman of Japan International Trainee and Skilled Worker Cooperation Organisation, shared the potential and challenges for Bangladeshis in the Japanese labour market.

He said that the number of language teachers in Bangladesh was still short.

Niki Hirobumi, state minister of the ministry of health, labour and welfare in Japan, said that his country was facing a declining population and thus would need the support of Bangladeshi workforce.

‘This can be promising not only for Bangladesh but also for Japan,’ he said.

In his welcome speech, Daud Ali, Bangladesh ambassador to Japan, said that by 2040, the Japanese labour shortage could reach 11 million, and Bangladesh could take the opportunity to send more skilled workers.

Foreign adviser Md Touhid Hossain, chief adviser’s special envoy Lutfey Siddiqi and principal coordinator on SDG affairs Lamiya Morshed were also present at the meeting.​

Al-hamdu-lillah!

Best news I have heard all week.

 

[Saif]

Japan, Bangladesh to sign economic partnership deal by year-end: PM Ishiba

Japan’s Prime Minister Shigeru Ishiba announced that Bangladesh, under the leadership of Nobel laureate Professor Dr Muhammad Yunus, is entering a new era of transformation. During a bilateral meeting with Dr Yunus in Tokyo, Ishiba confirmed that the two friendly nations will finalise an Eco

thefinancialexpress.com.bd

Japan, Bangladesh to sign economic partnership deal by year-end: PM Ishiba

FE ONLINE DESK
Published :
May 30, 2025 22:26
Updated :
May 30, 2025 22:26

Japan’s Prime Minister Shigeru Ishiba announced that Bangladesh, under the leadership of Nobel laureate Professor Dr Muhammad Yunus, is entering a new era of transformation.

During a bilateral meeting with Dr Yunus in Tokyo, Ishiba confirmed that the two friendly nations will finalise an Economic Partnership Agreement (EPA) by the end of the year to boost trade and investment, according to local media.

In a joint statement, both leaders reaffirmed their commitment to deepening economic ties and strengthening strategic cooperation. Ishiba praised Bangladesh’s ongoing democratic transition and assured continued Japanese support. Dr Yunus expressed gratitude for Japan’s unwavering assistance during the interim government's reform efforts.

Dr Yunus also sought Japanese support for key infrastructure projects, including expressways, bridges, and energy terminals, and called for increased Japanese investment in Bangladesh’s high-tech and industrial sectors.

The leaders also discussed regional geopolitics and the Rohingya crisis, with Dr Yunus urging Japan to intensify efforts for a lasting solution. Prime Minister Ishiba expressed admiration for Dr Yunus’s global contributions to poverty alleviation and indicated his interest in visiting Bangladesh soon.​

 

[Saif]

CA urges Japanese firms to invest in Bangladesh

Chief Adviser Professor Muhammad Yunus on Friday called upon Japanese companies to invest in Bangladesh and help its economic recovery and rebuilding efforts. “Today, we are in a situation when we need your support most. We have come a long way. The rest of the journey should be of doing thi

thefinancialexpress.com.bd

CA urges Japanese firms to invest in Bangladesh

Published :
May 30, 2025 20:19
Updated :
May 30, 2025 20:26

Chief Adviser Professor Muhammad Yunus on Friday called upon Japanese companies to invest in Bangladesh and help its economic recovery and rebuilding efforts.

“Today, we are in a situation when we need your support most. We have come a long way. The rest of the journey should be of doing things together with fun and enjoyment,” he told a roundtable in Tokyo.

Japan External Trade Organization (JETRO) arranged the meeting at its headquarters, reports BSS.

Top executives of Japanese companies in Bangladesh were present at the meeting with significant business interests.

Prof Yunus said during the past 16 years, everything Bangladesh had was demolished in many ways.

“Our financial situation brought to negative situation, rather than zero. Banking system collapsed... our foreign exchange reserve went down, administrative and police system collapsed. That’s our starting point,” he said.

The Chief Adviser said the past ten months of his interim government’s journey have been about building things piece by piece.

“That’s why the support of the government of Japan and the business people of Japan will be extremely helpful,” he said.

Prof Yunus said his government’s commitment is to create a new Bangladesh because there were so many bad things in the old Bangladesh.

“We want to keep a distance from old Bangladesh. So, that’s our journey - to create a new Bangladesh. In that journey, you would be our friends and partners and you will be inspiring us. Wonderful to see you all. It is something that reassures us,” he told the Japanese entrepreneurs.

Prof Yunus said it is an opportunity to build the nation, leaving behind all the terrible things that happened in the past.

“We hope that will be a matter of the past... we have all the terrible experience, and we want to keep it as a thing of the past. We want to lay a foundation of a new future,” he said.

The Chief Adviser said Bangladesh got a “sign of life” with the departure of the autocratic regime and sought a “breathing space” to fix the mess.

He said the shortcomings that Bangladesh has now would soon be over.

Norihiko Ishiguro, JETRO Chairman & CEO, in his opening remarks at the event, said Bangladesh has seen remarkable growth and investment opportunities in recent years.

Fumiya Kokubu, Chairman of the Japan Bangladesh Committee for Commercial and Economic Cooperation (JBCCEC) and Director, Member of the Board, and Executive Corporate Advisor, Marubeni Corporation, said 85 percent of Japanese companies having business in Bangladesh hope the Economic Partnership Agreement (EPA) would be signed this year.

He called for bringing reform tax regulations to remove barriers for investors in Bangladesh.

Shinichi Saida, Ambassador of Japan in Bangladesh, said the most significant item that the Interim Government protected was the economy; no project was halted, and no businesses were suspended.

Shingo Ueno, CEO of Sumitomo Corporation; Mitsuru Izumo, CEO of Euglena Co., Ltd; Steven Winn, Chief Global Strategist of JERA; Kazunori Ogawa, Senior Managing Director of JBIC; Shigeyoshi Onoda, President of ONODA Inc.; Kazuya Nakajo, Executive Vice President of JETRO; and Mayumi Murayama, Executive Vice President of IDE-JETRO, spoke, among others, in the roundtable discussion.

Lutfey Siddiqi, Special Envoy of the Chief Adviser, delivered the concluding statement.​

 

[Saif]

Japan provides $1.063b for budget support, railways upgrade

Japan agrees to lend Bangladesh US$1.063 billion mainly for bankrolling budget and railway upgrade, summit talks in Tokyo Friday yielded several accords of cooperation in various fields. Of the total amount, as agreed, $418 million will come as a budget-support credit, $641 million for upg

thefinancialexpress.com.bd

BD-JAPAN SUMMIT TALKS YIELD SEVERAL COOP ACCORDS
Japan provides $1.063b for budget support, railways upgrade

FE REPORT
Published :
May 31, 2025 00:19
Updated :
May 31, 2025 00:19

Chief Adviser Professor Muhammad Yunus and Japanese Prime Minister Ishiba Shigeru shake hands at a bilateral meeting in Tokyo on Friday.— PID

Japan agrees to lend Bangladesh US$1.063 billion mainly for bankrolling budget and railway upgrade, summit talks in Tokyo Friday yielded several accords of cooperation in various fields.

Of the total amount, as agreed, $418 million will come as a budget-support credit, $641 million for upgrading the Joydevpur-Ishwardi section into a dual-gauge double-track railway and another $4.2 million as grants for scholarships.

The aid pledges were carried in exchange of notes following the meeting between the two countries. The visiting head of interim government of Bangladesh, Chief Adviser Prof Muhammad Yunus, and his Japanese counterpart, Prime Minister ISHIBA Shigeru, led their respective sides at the talks.

The amount of 418 million dollars is being provided as Development Policy Loan for Bangladesh's economic reforms and climate resilience, said a spokesperson for the CA Office.

During the bilateral meeting, both sides reaffirmed their commitments to the Strategic Partnership between the two Asian nations.

They also renewed their shared vision of a Free and Open Indo-Pacific (FOIP) to ensure peace, stability and shared prosperity for all.

Discussing international and regional matters of common concern, the two sides reaffirmed their commitment to enhancing cooperation for ensuring peace and stability in the region and beyond, upholding the principles of the United Nations Charter.

Both sides also affirmed their support to multilateralism based on the rule of law, as well as to democracy.

Prime Minister Ishiba reaffirmed Japan's full support to the Interim Government of Bangladesh led by Professor Yunus "in its nation-building efforts, its reform initiatives and its endeavour towards a peaceful transition in Bangladesh", says a joint press statement issued after the meeting.

Professor Yunus expressed gratitude to the Government of Japan for its continued support to foster sustainable economic growth and development in Bangladesh in advancing Japan-Bangladesh bilateral relations, especially for the projects under the Bay of Bengal Industrial Growth Belt (BIG-B) Initiative, including Moheshkhali-Matarbari Integrated Infrastructure Development Initiative (MIDI).

In this regard, both sides welcomed the signing of the exchange of notes for the Development Policy Loan for Economic Reform and Strengthening Climate Change Resilience, and the Loan for the Project for the construction of dual-gauge double-line rail in Joydebpur-Ishurdi section.

Both sides also welcomed the signing of MoUs and MoC, including ones on One Stop Service (OSS) system in BIDA, installation of prepaid gas meter, the setting up factory for battery-run cycles, the launch of a pilot project for information security, and land agreements with the Bangladesh Special Economic Zone (BSEZ), to promote Japanese investment in Bangladesh.

They underscored concluding the Economic Partnership Agreement (EPA) "in mutually beneficial way" and instructed their respective ministries and negotiating teams to accelerate negotiations to reach an agreement at the earliest.

Both sides reiterated their commitment to further strengthening political and security cooperation, including early delivery of five patrol boats to Bangladesh Navy under Japan's Official Security Assistance (OSA).

They welcomed two governments' consensus in principle on the Agreement concerning the Transfer of Defence Equipment and Technology, and expressed their hope for early conclusion of the pact.

They discussed ways of promoting people-to-people exchanges, including skilled human resources, and concurred in strengthening cultural ties between the two Asian countries.

In this regard, Professor Yunus thanked Prime Minister Ishiba for Japan's continued support for human-resource development in Bangladesh, including the Project for Human Resource Development Scholarship. Prime Minister Ishiba commended Bangladesh for temporarily sheltering the forcibly displaced persons from Rakhine State of Myanmar and extending continued humanitarian assistance to them.

Professor Yunus appreciated Japan's humanitarian assistance for these down-and-outs, including those in Bhasan Char. Japan reaffirmed its sustained efforts on this issue. Both sides shared the view that a sustainable, safe, voluntary, and dignified repatriation of the displaced persons to Myanmar is the ultimate solution to this crisis for peace and stability across the region.

Both sides also recognised the importance of sincere dialogue among all relevant stakeholders to resolve the crisis.

Meanwhile, Japan and Bangladesh signed six memoranda of understanding on economic, investment and other sorts of cooperation on Friday, the third day of the ongoing visit of Chief Adviser Prof Yunus to Japan, said a spokesperson for the CA Office. The CA witnessed the signing of the MoU accords on the sidelines of a seminar titled 'Bangladesh Business Seminar' in Tokyo. The first MoU involves the Japan Bank for International Cooperation and the ministry of energy and mineral resources of Bangladesh.

This accord is expected to strengthen cooperation between JBIC and Bangladesh to realise projects in the energy sector.

The second MoU is between ONODA Inc and Bangladesh SEZ Ltd for a land-lease contract for BSEZ.

Japan's ONODA has implemented a gas-meter-installation project initiated by JICA and is planning to do new assembly manufacturing, inspection and maintenance of gas meters at the factory in BSEZ.

The third MoU involves Bangladesh Naxis Co. Ltd and Bangladesh SEZ Ltd for a land lease in BSEZ.

Bangladesh SEZ Ltd. (BSEZ) and Bangladesh Naxis Co. Ltd (Naxis) will sign a land-sublease agreement. Naxis plans to manufacture apparel accessories at the factory in BSEZ.

The fourth MoU involves Glagit and Musashi Seimitsu Industry Glafit and the Bangladesh Investment Development Authority (BIDA) on support for setting up a factory for battery-run cycles and an electric motorcycle-manufacturing plant.

The fifth MoU involves Cipher Core Co. Ltd which is investing $20 million in its Bangladesh venture to launch a national pilot project for information security based on Complete Cipher Technology by award-winning inventor Takatoshi Nakamura.

The project aims to make Bangladesh a quantum-resilient digital economy, with exclusive rights granted to the local entity for technology deployment and global expansion.

The sixth MoU involves the Japan International Cooperation Agency and BIDA. This one confirms JICA's engagement in providing technical and in-kind support for the early-stage development of the Integrated Single Window Platform (ISWP). This platform is a BIDA-led effort to consolidate the individual one-stop services currently operated by various investment-promotion agencies across Bangladesh.

Speaking at the signing ceremony, Chief Adviser Professor Yunus congratulated all parties involved. "Now it is our task to implement. I am moved," he said.

Mentioning the situation Bangladesh had passed through in the past 16 years, the Chief Adviser said the country faced "continuous earthquakes" during the time that left "nothing in shape".

"In this situation a good friend came up... and that friend is Japan. I came here to thank you and design the next step," he told his audience.

Calling the challenge historical, the Chief Adviser said, "We want to show the history that it was done, done in a perfect way.

"We have kind of tightened our belt and say here we are to work. With your support it is doable."

In this onerous job, he stressed a combined synergy. "Let's put our hands together and execute it... it's not about making money. It's about changing people's lives."

Shinji Takeuchi, Parliamentary Vice-Minister of Economy, Trade and Industry (METI), noted at the event that the number of Japanese companies operating in Bangladesh exceeded now 300, three-fourths higher than 10 years ago.

Norihiko Ishiguro, Chairman and CEO, Japan External Trade Organisation (JETRO), delivered the welcome speech where Fumiya Kokubu, Chairman of Japan-Bangladesh Committee for Commercial and Economic Cooperation (JBCCEC) and Director, Member of the Board, Executive Corporate Adviser, Marubeni Corporation, also spoke.​

 

[Saif]

Prof Yunus' visit elevates Dhaka-Tokyo ties: Shafiqul Alam

Chief Adviser's Press Secretary Shafiqul Alam has said the relationship between Bangladesh and Japan relations reached a new height with wider and deeper cooperation through the just-concluded visit of Chief Adviser Professor Muhammad Yunus to Tokyo. "Our relations with Japan have reached a ne

thefinancialexpress.com.bd

Prof Yunus' visit elevates Dhaka-Tokyo ties: Shafiqul Alam

Published :
May 31, 2025 18:43
Updated :
May 31, 2025 18:43

Chief Adviser's Press Secretary Shafiqul Alam has said the relationship between Bangladesh and Japan relations reached a new height with wider and deeper cooperation through the just-concluded visit of Chief Adviser Professor Muhammad Yunus to Tokyo.

"Our relations with Japan have reached a new height through the Chief Adviser’s visit and the bilateral meeting with the Japanese Prime Minister," Alam told reporters in Tokyo on Friday night, UNB reports.

Chief Adviser Professor Yunus, who is scheduled to return home tonight (Saturday night) had a bilateral meeting with Japanese Prime Minister Ishiba Shigeru on May 30.

The Press Secretary said Japan stood by Bangladesh following the unprecedented mass uprising in July and August.

During a very cordial meeting with the Chief Adviser on Friday, the Japanese Prime Minister reaffirmed Japan’s commitment to stand beside Bangladesh in the coming days.

The Japanese Prime Minister also announced a commitment of $1.063 billion to Bangladesh for budget support and railway development.

“It will support the government’s efforts to revive the economy, especially as the autocratic ruler Sheikh Hasina fled the country, leaving the state coffers empty,” he said.

Alam said Japan is also providing five patrol boats to the Bangladesh Navy.

He mentioned that a wide range of issues were discussed during the meeting, and that the Japanese side expressed interest in making bilateral relations more multidimensional by expanding cooperation in many areas.

Japan also expressed its intention to support improvements in Bangladesh’s voter registration and other electoral processes.

The press secretary said the Japanese side also appreciated Bangladesh’s role in the Indo-Pacific region. "We hope that Bangladesh's relations with Japan will reach even greater heights in the future."

Both sides held in-depth discussions on bilateral relations and issues of mutual interest in a candid manner.

Prime Minister Ishiba reiterated Japan’s full support to the interim government of Bangladesh led by Professor Yunus for its nation-building efforts, its reform initiatives and its endeavour towards a peaceful transition in Bangladesh.

Professor Yunus expressed gratitude to the government of Japan for its continued support to foster sustainable economic growth and development in Bangladesh in advancing Japan-Bangladesh bilateral relations, especially for the projects under the Bay of Bengal Industrial Growth Belt (BIG-B) Initiative, including Moheshkhali-Matarbari Integrated Infrastructure Development Initiative (MIDI).

In this regard, both sides welcomed the signing of the Exchange of Notes for the Development Policy Loan for Economic Reform and Strengthening Climate Change Resilience, and the Loan for the Project for the Construction of Dual Gauge Double Line Between Joydebpur-Ishurdi Section (I).

Recalling the long-standing friendship since the independence of Bangladesh, both sides reaffirmed their commitments to the Strategic Partnership between the two countries.

They also reiterated their shared vision for a Free and Open Indo-Pacific (FOIP) to ensure peace, stability and shared prosperity for all.

Both sides held discussions on international and regional matters and reaffirmed their commitment to enhance cooperation for ensuring peace and stability in the region and beyond, upholding the principles of the United Nations Charter.

They also affirmed their support to multilateralism based on the rule of law, as well as to democracy.

Prof Yunus expressed sincere appreciation to Prime Minister Ishiba and the people of Japan for the warm welcome and hospitality extended to him and his delegation, and invited Prime Minister Ishiba to visit Bangladesh at a mutually convenient time.​