Japan to Sign EPA with Bangladesh, Increase Economic Ties
15:09 JST, July 24, 2023
Economy, Trade and Industry Minister Yasutoshi Nishimura met with Bangladeshi economy-related ministers and agreed to accelerate a joint study for signing a bilateral economic partnership agreement (EPA) during his visit to the country on Sunday. It is the first time that a sitting Japanese economy, trade and industry minister has made an official visit to Bangladesh.
Nishimura met with Bangladeshi Commerce Minister Tipu Munshi and Industries Minister Nurul Majid Mahmud Humayun, and they agreed on the need to strengthen economic relations between Japan and Bangladesh. The two countries made a pact to conduct a joint study for signing an EPA in December last year.
The ministers also signed a memorandum which states that the Japan External Trade Organization (JETRO) will cooperate with Bangladesh’s planned trade policies.
In addition, Nishimura proposed Japan’s cooperation for the utilization of liquefied natural gas in Bangladesh.
At an online press conference, Nishimura said, “The average age of the population of Bangladesh is 24, and the country’s economic growth is remarkable. I want to upgrade our relationship from focusing on aid [from Japan] to focusing on trade and investments.”
Nishimura has been touring India and Bangladesh since Wednesday. While in India, he signed a memorandum stating that Japan and the country will cooperate on strengthening supply chains of semiconductor products.
"Politics" POPULAR ARTICLE
-
Ishiba: Asian NATO Must Consider Introduction of N-Weapons, Japan-U.S. Treaty Should Be Pact Between ‘Ordinary Nations’
-
Japan Scrambles Fighter Aircraft After Russia Violates Airspace
-
Shigeru Ishiba Elected Japan LDP President; Poised to be New Prime Minister
-
Japan’s New Prime Minister Shigeru Ishiba Forms Cabinet, Announces to Dissolve Lower House on Oct. 9
-
Ishiba Elected President of Japan’s Ruling Party, Beats Takaichi in LDP Runoff
JN ACCESS RANKING
- Harris Widens Lead over Trump to 47%-40%, Reuters/Ipsos Poll Finds
- Japan-S. Korea Exchange Festival Held in Seoul
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- JICA Employee Suspected of Leaking Info on ODA Project in Manila; Bidding for Railway Renovation May Have Been Impacted
- Asukayama Monorail in Tokyo: Free to Ride!