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Tokyo, Dhaka have ample scope to further expand trade: BGMEA

Staff Correspondent
10 Jan 2022 21:19:18 | Update: 10 Jan 2022 22:25:07
Tokyo, Dhaka have ample scope to further expand trade: BGMEA
— Courtesy Photo

There is enormous scope for Japan and Bangladesh to engage further in trade and investment to derive more mutual benefits, said BGMEA President Faruque Hassan.

He made the remark while exchanging views with Ambassador of Japan to Bangladesh ITO Naoki who paid a courtesy visit to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at Gulshan in Dhaka Monday, a press release said.

BGMEA vice-presidents Md Shahidullah Azim and Miran Ali, Director Asif Ashraf and First Secretary of Embassy of Japan Haruta Hiroki were also present at the meeting.

They had discussions about possible ways of expanding trade between Bangladesh and Japan and further deepening the relationship between the two Asian countries.

During the talks, they put emphasis on removing existing trade barriers to facilitate more trade and investment.

Both sides also expressed willingness to initiate communication between traders in Bangladesh and Japan, particularly those who are involved in the fashion industry to generate business opportunities.

BGMEA President Faruque Hassan said Bangladesh intends to increase the volume of apparel exports in Japan and sought cooperation of the ambassador in this regard.

He urged Ambassador ITO Naoki to encourage Japanese businessmen to make investments in the potential sectors in Bangladesh, especially the non-cotton textile sector.

The Japanese envoy pointed to extending incentive facilities to ready-made garment factories inside export processing zones against their exports to new markets, read the release.

He also laid emphasis on further easing of doing business in Bangladesh to attract Japanese investment.

The BGMEA president expressed hope that Japan would continue its cooperation with Bangladesh in its march towards more prosperity.