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Bangladesh and Japan strengthen economic ties through increased trade and investment

by supto
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trade and investment, economic, economic zone, regional hub

Prime Minister Sheikh Hasina announced that Bangladesh is set to become a regional hub for trade and investment, industrialization, and exports due to the government’s pragmatic policies. During the Bangladesh Investment Summit in Tokyo, Hasina encouraged more Japanese investment in larger volumes, while the Bangladesh Securities and Exchange Commission and Bangladesh Investment Development Authority co-organized the event named “Trade and Investment Opportunities between Bangladesh and Japan”.

Prime Minister Sheikh Hasina emphasized that Bangladesh’s business-friendly fiscal and non-fiscal policies and incentives, stable democracy, prudent governance, and leadership guarantee that foreign investment will return good value. She added, “We can confidently assure you that Bangladesh ensures a solid future for global investors.” The country’s expanding economy means opportunities for business expansion are increasing in various sectors, such as ICT, electronics, infrastructure, leather, textiles, hospitality, and tourism.

Bangladesh is set to become a regional hub for trade and investment

trade and investment

The prime minister reminded local and Japanese investors that Bangladesh has a population of 170 million, which itself is a growing market, and its location in the heart of a bigger market of nearly three billion consumers offers significant business opportunities. Bangladesh is expected to become the 9th largest consumer market globally by 2030, surpassing the UK and Germany.

Prime Minister Sheikh Hasina assured potential investors that the government is doing everything possible to facilitate smooth, easy, and efficient ways of doing business. This includes building 100 economic zones, hi-tech parks, and software parks for potential foreign investors and setting up the required agencies and frameworks to facilitate their business. Furthermore, the prime minister welcomed the outcome of the 5th Public-Private Joint Economic Dialogue meeting held recently on April 11, 2023, and expressed her desire to expand bilateral trade and investment with Japan through an Economic Partnership Agreement.

In her meet-and-greet program with selected Japanese business leaders in Tokyo, Prime Minister Sheikh Hasina urged taking business and investment relations between Bangladesh and Japan to a higher level and valuing the 50 years of bilateral relations between the countries. She highly appreciated the recommendations provided by Japanese businessmen and assured them of cooperation and facilitation from the Bangladesh embassy in Tokyo.

In conclusion, the prime minister called for investors worldwide, and Japan in particular, to see the opportunities for investment in Bangladesh and assured them of a great experience there. Bangladesh is moving towards a prosperous future, and the government wants investors to partner in its development and achievements. With its expanding economy and pragmatic policies, Bangladesh offers an attractive destination for foreign investors looking for a solid future for their investments.

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