Prime Minister Urges Japan to Boost Role in Bangladesh’s Development

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Tokyo:Prime Minister Tarique Rahman has called on Japan to take a more active role in the economic development, technological advancement, and industrialization of Bangladesh. This call was made during a bilateral summit with Japanese Prime Minister Sanae Takaichi at the Japanese Prime Minister's Office, where discussions centered on expanding cooperation in sectors such as energy, infrastructure, ICT, trade, and investment.

According to Bangladesh Sangbad Sangstha, Tarique Rahman emphasized Bangladesh's aim to establish itself as a hub for economic activity, highlighting opportunities for Japanese businesses. He projected that Bangladesh could become the ninth-largest consumer economy by 2030, with its GDP potentially exceeding US$1 trillion by 2034.

The leaders discussed a plan to attract private investment worth 1 trillion Japanese yen in Bangladesh's energy, infrastructure, and ICT sectors. Additionally, a Japanese team is expected to visit Bangladesh soon to expedite the implementation of this investment plan.

Tarique Rahman underscored the importance of reliable energy supplies for economic growth and expressed gratitude for Japan's support, including a recent emergency assistance loan under the Partnership for Power Asia initiative. He advocated for Japanese investment in Bangladesh's LNG infrastructure, power generation, and renewable energy sectors.

The Prime Minister proposed establishing a Bangladesh-Japan Tech Park to foster technology transfer and innovation. He also expressed interest in collaborating in space science and transport infrastructure, seeking Japanese assistance for large-scale projects like a high-speed railway network.

Rahman conveyed his commitment to improving the investment climate and expressed optimism about the Bangladesh-Japan Economic Partnership Agreement. He recalled the historical ties between the two nations and thanked Japan for its longstanding support.

Regional and international issues were also discussed, with Rahman appreciating Japan's support in various global forums. He raised concerns over the Rohingya crisis and urged for humanitarian assistance and dialogue to resolve the situation.

In conclusion, Tarique Rahman expressed hope that the summit would strengthen Bangladesh-Japan relations, proposing a joint ministerial commission to further cooperation. He invited Prime Minister Takaichi to visit Bangladesh, reinforcing the shared commitment to peace and prosperity. The summit concluded with a joint press announcement and the exchange of several memorandums of understanding.