BEPZA-JETRO signs MoU to give highly value the Japanese investment

Bangladesh Export Processing Zones Authority (BEPZA) and Japan External Trade Organization (JETRO) have signed a Memorandum of Understanding (MoU) to give highly value the Japanese investment. In presence of Prime Minister Sheikh Hasina this MoU signed in the JETRO headquarter in Tokyo, Japan today (27.05.2014).

"We highly value the Japanese investment," Prime Minister said, 40 industrial plots in the Export Processing Zones (EPZ) will be kept reserved exclusively for the Japanese investors. She hoped that Japanese investors would respond positively to the gesture. She added Bangladesh is one of those countries, which was benefited from Japanese trade, investment and technological cooperation.

Major General Mohd. Habibur Rahman Khan, ndc, psc, Executive Chairman of BEPZA and Mr. Kei Kawano, Country Representative, JETRO Bangladesh signed the MoU on behalf of their own organization. According to MoU, JETRO and BEPZA will assist jointly for facilitating Japanese investors, mainly small and medium enterprises (SMEs), both high-tech and labour intensive to set up their industrial establishments in EPZs. In this regard BEPZA will provide special facilities to Japanese investors in allotting industrial plots at Ishwardi, Mongla & Uttara EPZ and standard factory building at Adamjee & Comilla EPZ since there is no vacant industrial plot.

JETRO will disseminate information on the investment opportunities in EPZs among the existing and potential Japanese investors.  At the same time they will support Japanese business delegation to visit in EPZs. JETRO will support BEPZA to find out & select good Japanese companies. Both the organizations maintain direct communication / hotline to discuss issues related to Japanese investment in EPZs.

Among others Ms. Midori Matsushima, Minister of State for Economy, Trade and Industry of Japan and Mr. Hiroyuki Ishige, Chairman & CEO of JETRO were present during the MoU signing ceremony.

Meanwhile presently 35 Japanese enterprises are in the EPZs of Bangladesh. Out of them 25 are in operation and 10 others are under implementation stages with actual investment US$ 291.05 million. 11,203 Bangladeshi nationals and 55 foreign nationals are working in these enterprises. However, 78 Japanese nationals are also working in the various enterprises of EPZs.