Staff Reporter :
Bangladesh is going to be the second largest recipient of Japanese assistance after India with the Japanese government attaching coninuted importance to the development of the country while numbers of Japanese companies working increased by 50 percent in last five years, says a senior official at the Japanese Ministry of Foreign Affairs.
In last Japanese fiscal, Bangladesh was the third Japanese ODI recipient while some 270 Japanese companies are currently doing businesses in Bangladesh.
Foreign Minister Dr AK Abdul Momen and his Japanese counterpart Tara Kono, in their bilateral meeting in Dhaha recently, agreed to have more trade and investment in Bangladesh.
Minister Kono appreciated the increase of Japanese companies’ presence in Bangladesh and sought further efforts from Dhaka to improve the investment environment for the Japanese companies to come here, said Deputy Press Secretary of the Japanese government.
“Minister Kono was very happy to tell this (to Minister Momen),” said the spokesperson for the Japanese Foreign Minister.
He said Bangladesh is set to become the second largest recipient of Japanese assistance right after India in Japanese fiscal year 2019 while it was the third largest recipient in fiscal year 2018.
“The Japanese government is happy and proud of that.” Appreciating Bangladesh’s very remarkable economic development, Minister Kono said there is a strong need for socioeconomic infrastructure and Japan will strengthen its assistance in various fields, including human resource development and education.
Asked whether Japan is diverting investment to Bangladesh from other Asian countries, Saito said he does not think so. He said there has been campaign by the Japanese government to enlighten, particularly the small and medium enterprises what steps they should take to invest in foreign lands or abroad. “We encourage them to measure the situation and they listen to us.”
On security issues, the official said the Japanese government is responsible for the lives and property of Japanese people and any travel advice is solely from that point of view.
He hoped that Bangladesh government will continue to deal with the security situation within its own country in a very appropriate manner which helps them go for favourable exchanges.
Based on Prime Minister Sheikh Hasina’s visit to Japan in May this year, Minister Kono wanted to further promote the “comprehensive partnership.” The two countries also discussed some specific cooperation in the area of maritime security.
The Japanese spokesperson said Dhaka and Tokyo are taking preparations to celebrate the 50th anniversary of diplomatic relations between Bangladesh and Japan
As per Export Promotion Bureau (EPB) data, Bangladesh export earnings from Japan was 1.13 billion US dollars in 2018-19 fiscal year, an increase of 11.73 percent compared to the previous fiscal.
Bangladesh had signed an agreement with Japan on receiving US$ 2.5 billion official development assistance (ODA) to implement five projects in the country during Prime Minister Sheikh Hasina’s visit to Tokyo in May last.
Bangladesh is going to be the second largest recipient of Japanese assistance after India with the Japanese government attaching coninuted importance to the development of the country while numbers of Japanese companies working increased by 50 percent in last five years, says a senior official at the Japanese Ministry of Foreign Affairs.
In last Japanese fiscal, Bangladesh was the third Japanese ODI recipient while some 270 Japanese companies are currently doing businesses in Bangladesh.
Foreign Minister Dr AK Abdul Momen and his Japanese counterpart Tara Kono, in their bilateral meeting in Dhaha recently, agreed to have more trade and investment in Bangladesh.
Minister Kono appreciated the increase of Japanese companies’ presence in Bangladesh and sought further efforts from Dhaka to improve the investment environment for the Japanese companies to come here, said Deputy Press Secretary of the Japanese government.
“Minister Kono was very happy to tell this (to Minister Momen),” said the spokesperson for the Japanese Foreign Minister.
He said Bangladesh is set to become the second largest recipient of Japanese assistance right after India in Japanese fiscal year 2019 while it was the third largest recipient in fiscal year 2018.
“The Japanese government is happy and proud of that.” Appreciating Bangladesh’s very remarkable economic development, Minister Kono said there is a strong need for socioeconomic infrastructure and Japan will strengthen its assistance in various fields, including human resource development and education.
Asked whether Japan is diverting investment to Bangladesh from other Asian countries, Saito said he does not think so. He said there has been campaign by the Japanese government to enlighten, particularly the small and medium enterprises what steps they should take to invest in foreign lands or abroad. “We encourage them to measure the situation and they listen to us.”
On security issues, the official said the Japanese government is responsible for the lives and property of Japanese people and any travel advice is solely from that point of view.
He hoped that Bangladesh government will continue to deal with the security situation within its own country in a very appropriate manner which helps them go for favourable exchanges.
Based on Prime Minister Sheikh Hasina’s visit to Japan in May this year, Minister Kono wanted to further promote the “comprehensive partnership.” The two countries also discussed some specific cooperation in the area of maritime security.
The Japanese spokesperson said Dhaka and Tokyo are taking preparations to celebrate the 50th anniversary of diplomatic relations between Bangladesh and Japan
As per Export Promotion Bureau (EPB) data, Bangladesh export earnings from Japan was 1.13 billion US dollars in 2018-19 fiscal year, an increase of 11.73 percent compared to the previous fiscal.
Bangladesh had signed an agreement with Japan on receiving US$ 2.5 billion official development assistance (ODA) to implement five projects in the country during Prime Minister Sheikh Hasina’s visit to Tokyo in May last.
