No Result
View All Result
INDUSTRY INSIDER
About Us
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • Magazine
  • More
Sunday, May 18, 2025
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • Magazine
  • More
No Result
View All Result
INDUSTRY INSIDER
No Result
View All Result
Home Bangladesh

Bangladesh and Japan set to strengthen trade relations with economic partnership agreement

Bangladesh and Japan set to strengthen trade relations with economic partnership agreement
by Insider Desk
July 24, 2023

Bangladesh’s commerce ministry announced today that Bangladesh and Japan will soon sign an economic partnership agreement (EPA) aimed at deepening and expanding bilateral trade and investment between the two nations.

To move forward with this initiative, the second round of talks will commence on July 25 in Dhaka and conclude on July 26, according to the commerce ministry.

Commerce Minister Tipu Munshi expressed his enthusiasm for the EPA, stating that it will elevate bilateral relations. 

He believes that the agreement will address Japanese investors’ challenges, leading to increased foreign investments and industrial production in Bangladesh.

The decision to pursue the EPA came after a meeting between Commerce Minister Tipu Munshi and Japan’s Economy, Trade, and Industry Minister Yasutoshi Nishimura. 

The meeting took place in a daylong summit on ‘Bangladesh-Japan economic relations for the next 50 years: for the industry upgradation of Bangladesh.’ 

The summit was jointly organized by the Japan External Trade Organisation (Jetro), Bangladesh Investment Development Authority (Bida), and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at Pan Pacific Sonargaon in Dhaka.

The groundwork for the EPA was laid in April of the previous year when Dhaka and Tokyo signed a memorandum of understanding during Prime Minister Sheikh Hasina’s visit to Japan. 

Both nations aim to finalize the agreement by the end of 2025 or early 2026, coinciding with Bangladesh’s expected graduation to developing country status.

As Bangladesh approaches its graduation from the group of least-developed countries (LDCs) in 2026, the country has been actively seeking trade agreements with key partners to retain duty-free export benefits. 

One crucial topic discussed during the meeting was the continuation of zero-duty entry of Bangladeshi products to Japan in the post-LDC era.

Japan expressed interest in investing in mega projects in Bangladesh, with ongoing investments and a desire to increase their involvement further. 

The meeting also highlighted the importance of exploring potential areas for bilateral investment to foster stronger economic ties between the two nations.

Tags: Bangladesh-Japan Trade
Previous Post

India’s foreign exchange reserves hit 15-month high at $609 billion

Next Post

Bangladesh and Japan sign MoUs to strengthen bilateral trade and investment

Related Posts

Behind dairy’s unrealized potential 

by Md Asaduz Zaman
| May 11, 2025

Bangladesh walking toward a market-determined exchange rate regime

by Rassiq Aziz Kabir and Iftekharul Islam
| May 9, 2025

Understanding labor market: Knowing the indicators better is crucial

by Insider Desk
| May 9, 2025

Strong political commitment required for data transparency

by Saiful Islam
| May 12, 2025

Rethinking hi-tech park strategies, focusing on FDI is key

by Shafiqul Islam
| March 23, 2025

Mapping out Bangladesh’s path to global semiconductor competitiveness

by AKM Uday Hasan Bhuiyan
| February 6, 2025

Next Post
Bangladesh and Japan sign MoUs to strengthen bilateral trade and investment

Bangladesh and Japan sign MoUs to strengthen bilateral trade and investment

You May Also Like


Bangladesh secures $290m World Bank loan to combat air pollution
News

Bangladesh secures $290m World Bank loan to combat air pollution

by Insider Desk
May 17, 2025
0

Bangladesh has concluded negotiations with the World Bank for a $290 million loan to tackle severe air pollution through a...

Read more
Nagad Digital Bank becomes first licensed digital bank in Bangladesh

Bangladesh Postal Department takes charge of Nagad

May 17, 2025
Bangladesh eases payment commitment regulations for banks

Surplus banks shun call money market

May 17, 2025
Interest payments to surge as Government faces mounting debt burden

Interest payments to surge as Government faces mounting debt burden

May 17, 2025
Internet prices to drop by 20% from July

Internet prices to drop by 20% from July

May 17, 2025
Home
Industry
Business
Tech
Bangladesh
World
Feature
R&D
Videos
Magazine
About Us Subscribe
Terms & Conditions
Privacy Policy
Refund Policy
Cancellation Policy
Industry Insider is published by Tareq Ahmed Robin, Sayem Sharif, Md Mahfuz Ul Islam and Mohammad Saiful Islam. It is a quarterly magazine, comes from House B-114, Level – 03, Road – 07, DOHS, Mohakhali, Dhaka – 1206
Reach Out: [email protected]
© 2023 – All rights reserved with Industry Insider | Developed By YSI Bangla Limited  Follow us on our socials:
© 2023 – All rights reserved with Industry Insider | Developed By   Follow us on our socials:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • All News
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • More
  • About Us
  • E-Magazine
  • Videos
  • Subscribe