Japanese Ambassador: More Japanese entrepreneurs to invest

  • Tue,16 Apr 2019 11:08:51 AM

British Asia News Network- AD

Dhaka, April 16: Mr. Hiroyasu Izumi Japanese Ambassador in Dhaka Special Economic Zone for Japanese investors in Bangladesh will surely attract Japanese companies. “Since the year 2008, the investment from Japan to Bangladesh has been expanding and the trend is getting stronger, especially after 2011,” he told media.

This trend will surely continue in coming years taking into account competitive labour force and the size of the market of Bangladesh with its large, young population. Logistics and taxation issues need to be addressed. “They are not only the hindrances for FDI from Japan but also cause drawbacks to the growth of the local economy in Bangladesh,” he said.

When asked about Bangladesh’s exports to Japan, he said in Japan they are seeing more and more clothes manufactured in Bangladesh, but Japanese people are not very aware that they are made in Bangladesh. Other potential exports from Bangladesh to Japan, he thinks, could be medicine, leather goods or agricultural (marine) products.

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