Tokyo:State Minister for Foreign Affairs Humaiun Kobir announced that Prime Minister Tarique Rahman's commitment to democracy and his development initiatives have significantly boosted Japan's confidence in Bangladesh.
According to Bangladesh Sangbad Sangstha, Prime Minister Rahman's leadership has positioned Bangladesh as an important partner for investment and economic cooperation with Japan. This was highlighted during a press conference at the Bangladesh Embassy in Tokyo, where the recent bilateral meeting between Prime Minister Rahman and Japanese Prime Minister Sanae Takaichi was discussed. Japan reaffirmed its strong support for Bangladesh's democratic transition and economic development efforts.
During the visit, both countries emphasized upgrading their traditional friendship into a strategic economic partnership. Initiatives were taken to enhance cooperation in various sectors, including economic affairs, trade, employment, and climate change. Six cooperation instruments were signed, securing financing commitments for two yen-loan projects, which are expected to advance Bangladesh's infrastructure and capacity building.
Interest among Japanese investors in Bangladesh is reportedly growing, with potential investment opportunities worth around US$6 billion discussed during the visit. Prime Minister Rahman aims to make Bangladesh an attractive destination for foreign investment by fostering a business-friendly environment and offering tax incentives.
Prime Minister Rahman also met with the governor of the Japan Bank for International Cooperation (JBIC) to discuss investment climate and infrastructure development cooperation. Additionally, he visited the headquarters of Uniqlo, inviting the clothing brand to invest in Bangladesh.
At the Bangladesh-Japan Economic Forum, organized by the Japan External Trade Organization (JETRO), Bangladesh's young population and manufacturing capacity were highlighted as key factors in attracting Japanese companies to become partners in the country's development.
The joint statement issued by both countries during the visit outlined areas of bilateral cooperation and future plans, prioritizing Bangladesh's national interests and long-term partnership with Japan. The visit is expected to elevate Bangladesh-Japan relations and open new opportunities for development and prosperity.