A tripartite agreement between two local trade bodies and the Japan External Trade Organisation (Jetro) was signed on 23 Novermber, 2020 to strengthen private sector engagement in trade and investment between Japan and Bangladesh.
The Chattogram Chamber of Commerce & Industry (CCCI), the Japan-Bangladesh Chamber of Commerce & Industry (JBCCI), and the Jetro inked the memorandum of understanding (MoU) at an event in the port city.
The MoU aims to develop a plan for private sector engagement and cooperation for the next 10 years to identify the challenges and new opportunities for strengthening ties between the two nations.
This includes identifying the challenges and opportunities for Japanese companies operating in Bangladesh, exploring areas of technical cooperation for innovation in the private sector and locating potential sectors for export and investment in collaboration with private sector leaders.
The deal also intends to facilitate government spending to strengthen the investment climate and attract Japanese investment.
