Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Bangladesh can attract more investment from Japan, other countries by applying ASEAN models

downloadJapan International Cooperation Agency (JICA) recently sponsored visit of ten members from various ministries and agencies of Bangladesh to Indonesia and Vietnam to learn about investment promotion and economic zones development activities in these countries.

The delegation members include Executive Chairman of Bangladesh Economic Zones Authority (BEZA), Director General of Prime Minister’s Office (PMO), Joint Secretary of Economic Relations Division (ERD), Ministry of Finance (MOF) and other government officials dealing with investment climate issues in Bangladesh.

JICA conducted this “Third Country Visit” under the Technical Cooperation, “Advisor for Investment Climate Improvement”.

Since the initiation of this Program in October, 2012, Mr. Takayuki Shimizu, Expert of JICA,has provided technical inputs for 22 ministries/agencies related to investment climate issues through conducting inter-ministerial workshops. Up to date, four workshops were held, and various issues on investment climate (including infrastructure development, one-stop service for foreign investors and regulations on the financial sector) have been discussed.

At the same time, JICA sent ten representatives from various ministries/agencies to Japan to learn about Japan’s appetite and strategy on investment overseas in November, 2013.

While visiting Indonesia and Vietnam, the delegation members visited three economic zones in Jakarta and Hanoi managed by Japanese companies and the key ministry/agency dealing with investment climate; namely BKPM (Indonesia Investment Coordination Board) and Ministry of Planning and Investment (MPI) in Vietnam. In addition, the delegation team had a meeting with Japan Business Association in Vietnam to learn about their unique activity called “Vietnam Japan Joint Initiative (VJJI)” where Japanese investors and Vietnamese government officials discuss investment climate issues regularly to attract more investment from Japan.

One delegation member mentioned that it was really useful to learn about actual management and operation of economic zones in other countries.

Another delegation member shared the view that Bangladesh could attract more investment from Japan and other countries by applying what ASEAN countries have done to attract investment from overseas.

After coming back from Indonesia and Vietnam, the delegation team will prepare action plans to improve investment climate in Bangladesh and make a presentation in the upcoming inter-ministerial workshop, according to a statement issued by JICA.

Source: Financial Express

Share This Post