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Adviser Urges Increased Japanese Investment in Bangladesh
Commerce Adviser Sk. Bashir Uddin. File Photo
Commerce Adviser Sk. Bashir Uddin today called on top Japanese investors to increase their investments in Bangladesh during a bilateral meeting with representatives from some of Japan's largest trade groups, including NEXI (NIPPON), Mitsui, Marubeni, HSBC, Mitsubishi Heavy Industry, and JT, held in Tokyo this morning.
Bashir highlighted that bilateral trade between Bangladesh and Japan is currently valued at approximately US$4 billion, with Japan ranking among Bangladesh's top five export destinations. "More than 350 Japanese companies are already operating in Bangladesh, and we are hopeful for even more investment from Japan," he stated, according to a press release from the Ministry of Commerce.
Describing Japan as a key strategic partner, the Commerce Adviser emphasized, "We are proud of our strong relationship with Japan, which has been a close friend and a significant development partner for Bangladesh."
Bashir also urged Japan to expand its imports from Bangladesh, including products and skilled manpower, to further strengthen economic ties.
During the meeting, Japanese business leaders assured continued investment and business operations in Bangladesh.
Bangladesh's Ambassador to Japan, Md. Daud Ali, along with representatives from JETRO, JICA, the Bangladesh Investment Development Authority (BIDA), and the National Board of Revenue (NBR), also attended the session.
Following the meeting, the Commerce Adviser held a separate discussion with Watami Group Head, Miki Watanabe.