Japan has reaffirmed its commitment to investing in Bangladesh, highlighting the necessity of upgrading infrastructure, particularly in logistics and port management, to facilitate greater business growth. Kazuaki Kataoka, the country representative of the Japan External Trade Organization (Jetro), emphasised these points during a meeting with leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at their Uttara office on July 30.
Kataoka stated, “Japan is one of Bangladesh’s major investment partners, and many Japanese companies are eager to expand their operations here. However, for that to happen, improvements in port operations, logistics development, and connectivity with neighboring countries are essential.”
During the discussion, BGMEA President Mahmud Hasan Khan Babu highlighted ongoing negotiations over the Economic Partnership Agreement (EPA) between Bangladesh and Japan. He underscored the importance of including Single Stage Rules of Origin in the agreement to streamline the export process for Bangladeshi garments to Japan.
Mahmud noted, “While our current apparel exports to Japan exceed $1 billion, the potential is far greater. We are focusing on diversifying our export markets, and Japan remains a market with immense untapped opportunities. Jetro’s active support is crucial to realizing this potential.”
Jetro plays a vital role in encouraging Japanese investments in Bangladesh, promoting Japanese products and technologies locally, and helping Bangladeshi goods gain access to the Japanese market. The organisation collaborates closely with the Bangladesh Government, business associations, and other stakeholders to strengthen bilateral economic relations.
