3 MoUs inked with Japan for bilateral trade, investment

Bangladesh and Japan today inked three
memorandum of understandings (MoUs) to enhance bilateral trade and investment
between the two countries.

The MoUs were signed at a daylong summit on “Bangladesh-Japan economic
relations for the next 50 years: for the industry upgradation of Bangladesh”
at a hotel in the city.

The Japan External Trade Organisation (JETRO), Bangladesh Investment
Development Authority (BIDA), and the Federation of Bangladesh Chambers of
Commerce and Industries (FBCCI) jointly organised the summit.

Bangladesh Special Economic Zone Ltd (BSEZ Ltd) signed the first MoU with
Bangladesh IRIS Co Ltd, a Bangladesh-Japan joint venture company, promoting
education for children-to purchase land and get the right to use the land
inside BSEZ of phase 2.

A separate economic zone for Japanese entrepreneurs was inaugurated at
Araihazar in Narayanganj in December last year.

The BSEZ Ltd signed the second MoU with Brac Kumon Ltd to provide the school
going children near the BSEZ areas with the education opportunity.

The commerce ministry signed the third MoU with Japan External Trade
Organisation (JETRO) to cooperate with each other in promotion and exchange
of trade information and enhance of capacity of the officials.

Commerce Minister Tipu Munshi, Industries Minister Nurul Majid Mahmud Humayun
and State minister for ICT Zunaid Ahmed Palak attended the event, among
others. (BSS)