Business Desk :
There is enormous scope for Japan and Bangladesh to further engage in trade and investment to derive more mutual benefits, said BGMEA President Faruque Hassan. He made the remark while exchanging views with Ambassador of Japan to Bangladesh ITO Naoki who paid a courtesy visit to BGMEA in Gulshan, Dhaka on Monday, reads a press release.
BGMEA Vice President Shahidullah Azim, Vice President Miran Ali, Director Asif Ashraf and First Secretary of Embassy of Japan Haruta Hiroki were also present at the meeting. They had discussions about possible ways of expanding trade between Bangladesh and Japan and further deepening the relationship between the two Asian countries. During their talks, they stressed removing existing trade barriers to facilitate more trade and investment.
They also expressed willingness to initiate communication between businessmen in Bangladesh and Japan, particularly those who are involved in the fashion industry to generate business opportunities. BGMEA President Faruque Hassan mentioned Bangladesh’s intention to increase the share of RMG exports in Japan and sought the cooperation of the ambassador in this regard. He urged Ambassador ITO Naoki to encourage Japanese businessmen to make investments in the potential sectors in Bangladesh, especially the non-cotton textile sector. The RMG sector in Bangladesh is increasingly focusing on apparel made from synthetic fibres to meet the rising demand in the global market. The Japanese envoy pointed to extending incentive facility to RMG factories inside export processing zone (EPZ) against their exports to new markets.
