Japan Wants Bangladesh To Better Investment Climate, Sign EPA By 2026

[Black_cats]

Japan Wants Bangladesh To Better Investment Climate, Sign EPA By 2026​

05 May 23 1 min read

Insights​

• Dhaka needs two initiatives to tackle the likely challenges after it graduates from the least developed country status.
• It should improve its investment and business environment to attract more Japanese firms and sign the proposed Economic Partnership Agreement to enjoy duty-free market access to Japan, Japanese envoy to Bangladesh Iwama Kiminori has said.

Dhaka needs two key initiatives to address the likely challenges after it graduates from the least developed country (LDC) status in 2026, Japanese ambassador to Bangladesh Iwama Kiminori recently said.

The country must improve its investment and business environment to attract more Japanese companies and sign the proposed Economic Partnership Agreement (EPA) to enjoy duty-free market access to Japan, the envoy said.

He identified lengthy approval procedures, bureaucratic red tape and duties as the primary obstacles to attracting Japanese investment.

He noted that neighbouring countries in Southeast and South Asia have a more congenial investment environment compared to that in Bangladesh, and therefore, Japanese entrepreneurs consider them better destinations to invest.

The Bay of Bengal Industrial Growth Belt (BIG-B) would accelerate industrial activities and make Matarbari a hub, benefitting not only neighbouring countries, but also Bangladesh, he was quoted as saying by media outlets in the country.

Japan wants Bangladesh to better investment climate, sign EPA by 2026

Dhaka needs two initiatives to tackle the likely challenges after it graduates from the least developed country status. It should improve its investment and business environment...

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[Bengal71]

Japan will likely be bankrupt and in deep recession by the end of the decade.

 

[bluesky]

Japan will likely be bankrupt and in deep recession by the end of the decade.

Recession or what, the Foreign Exchange Reserve of Japan is $1,226 billion. Japan remains an unsinkable ship in a vast Ocean of economic rivalry. Its technologies can only be matched by German ones.

Japan Foreign Exchange Reserves

Foreign Exchange Reserves in Japan increased to 1290606 USD Million in March from 1281484 USD Million in February of 2024. This page provides the latest reported value for - Japan Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term...

tradingeconomics.com

However, as of December 2022, the Japanese public (domestic) debt is estimated to be approximately $9,800 billion (1.29 quadrillion yen), or 263% of GDP,[1] and is the highest of any developed nation.[2][3][4][5] 43.3% of this debt is held by the Bank of Japan.[6]

Even then, domestic borrowing is not causing a recession. However, Corona disease has caused quite a downturn in economic activities. The issue of a minor recession will evaporate once the corona evaporates.

Japan is Japan with a highly productive population who cannot even enjoy a 3-day long holiday recession. However, the issue of this thread is all about Japan calling BD to improve its investment climate. The GoB must listen to Japanese opinion.