Dhaka, Bangladesh (BBN) – Bangladesh government has formed a high-powered committee aiming to attract more Japanese investment through providing bilateral relations between the two countries, officials said.
The committee, headed by Abul Kalam Azad, Senior Secretary in the Prime Minister's Office (PMO), will also devise ways to make investment approval procedures easy and exchange of investment-related information between Bangladesh and Japan, they added.
“The committee will work to meet all the requirements of the Japanese entrepreneurs to facilitate their investment in Bangladesh,” a senior government official said, adding that it will meet and discuss with their Japanese counterparts from time to time and create a better environment for Japanese investors.
The government’s latest move came following an agreement signed in Tokyo to initiate the 'Joint Bangladesh-Japan Public- Private Economic Dialogue (JBPPED).
During her visit to Japan in May this year, Prime Minister Sheikh Hasina urged Japanese businessmen to invest in Bangladesh. She also assured that her government would remove obstacles to promote their investment in the country.
As agreed in the Joint statement signed by Prime Ministers of Bangladesh and Japan on May 26, 2014, seeking to enhance bilateral trade and economic relations and facilitate Japanese investment in Bangladesh, the two governments decided to initiate the JBPPED.
BBN/SSR/AD-04July14-10:20 am (BST)
