Japan agreed to relax rules for knitwear entry

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UNB, Dhaka :
Japan has agreed to relax the rules of origin for Bangladeshi knitwear products in its market which the Bangladesh government considers as its big achievement.
“Japan in principle has agreed to relax the rules of origin for Bangladesh. The modalities on it will be worked out now. We think
it’ s a big announcement,” Foreign Secretary M Shahidul Haque told reporters at the ministry.
He came up with the decision after the first-ever Foreign Office Consultations (FOC) between Bangladesh and Japan held at the Foreign Ministry.
Earlier, Prime Minister Sheikh Hasina requested her Japanese counterpart to relax the rules of origin, said the Foreign Secretary.
He said Japan expressed satisfaction over the progress of setting up a special economic zone for the Japanese investors. “You know the issue was finalised yesterday.”
Foreign Secretary M Shahidul Islam and Japanese Deputy Foreign Minister Shinsuke Sugiyama led Bangladesh and Japan side respectively at the FOC which reviewed the entire gamut of bilateral relations.
Trade and investment issues were discussed in the meeting apart from reviewing the progress and agreed projects. “Both sides expressed satisfaction over the progress. The progress is virtually good,” said the Foreign Secretary.
The Japanese side made it clear that they want to help Bangladesh for its industrialisation through massive investment, he said.
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