DCCI for more investment and trade with Japan

Business Desk :
Japan is a longstanding development partner of Bangladesh. Japan is providing financial and technical support to Bangladesh for improving regional connectivity, transport infrastructure, power & energy, metro rail and Moheshkhali-Matarbari Integrated Infrastructure Development Initiative (MIDI). Japan has also been playing crucial roles in order to promote the private sector, improving competitiveness & country brand image and capacity development of human resources of Bangladesh.
Considering bilateral trade and investment exposure, Japan emerged as the 11th largest export destination and 7th largest import sourcing country of Bangladesh, recording total bilateral trade to USD 3.79 billion in FY 2021-22. On the other hand, Japan is the 12th largest source of FDI stock of Bangladesh with USD 457.98 million Japanese investment. Growing presence of Japanese companies in Bangladesh is also the cornerstone for strengthening the economic partnership between Bangladesh and Japan, said Barrister Md. Sameer Sattar, President of Dhaka Chamber of Commerce & Industry (DCCI).
The deeper comprehensive economic engagements developed over the last 50 years between Bangladesh and Japan elevated our bilateral relationship towards strategic partnership level. The journey of strategic partnership will be further broadened by the recent Japan visit of our Hon’ble Prime Minister Sheikh Hasina. This is also evident from the signing of bilateral agreements and instruments, encompassing agriculture, customs matters, defence, ICT and cyber-security, industrial upgrading, intellectual property, ship recycling and metro rail, Barrister Sattar added.
He also said that this unprecedented development broadening bilateral strategic economic partnership will encourage more Japanese investment, innovation.