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An Assignment On Trade in BD and Japan
An Assignment On Trade in BD and Japan
On
JAPAN BANGLADESH BILITERAL ECONOMIC RELATION
INTRODUCTION
Bangladeshi-Japanese relations were established in February 1972. Japan is Bangladesh's 11thlargest export market; imports from Bangladesh make up 26% of all Japanese imports from the
least developed countries, second only to those from Cambodia. Common imports from
Bangladesh to Japan include leather goods, ready-made garments, and shrimp. By 2004, Japan
had become Bangladesh's fourth-largest source of foreign direct investment, behind the, United
Kingdom, and Malaysia. Japan's political goals in its relationship with Bangladesh include
gaining support for their bid to join the United Nations Security Council, and securing markets
for their finished goods. Japan Bangladesh Relations|
| 1. GENERALJapan and Bangladesh have maintained friendly relations since February 10th,
1972, through economic and technical cooperation, cultural exchanges and mutual visits. Japan
is a major development partner for Bangladesh, extending support to the efforts of Bangladesh
for its economic and social development. The two governments signed the Agreement on
Technical Cooperation between Japan and Bangladesh on December 8th, 2002 to strengthen
further mutual technical cooperation by consolidating its infrastructure and simplifying its
process under a single umbrella framework.Mutual support and cooperation in international
arena have also produced excellent results and deepened the trust between both governments. In
private economic sector, the bilateral relations are increasingly strengthened and diversified.
Agreement between Japan and the People's Republic of Bangladesh concerning the Promotion
and Protection of Investment entered into force in 1999.The year 2002 marked the 30th
anniversary of establishment of diplomatic relations between Japan and Bangladesh. To convey
resolve of the Japanese Government towards further enhancement of its ties with Bangladesh,
Japanese Prime Minister Junichiro Koizumi dispatched
Mr. Shin Sakurai, M.P. and Vice President of Japan Bangladesh Parliamentarians
League, to Bangladesh as his special envoy in October 2002. Throughout the year
2002, a series of cultural programs was held to commemorate the anniversary. H.E.
M. Morshed Khan, Foreign Minister of Bangladesh, visited Japan in March-April, 2003,
for bilateral consultations with the Japanese Government.2. DIPLOMATIC RELATIONS|
1994| Prime Minister Khaleda Zia|
1997| Prime Minister Sheikh Hasina Finance Minister S. A. M. S. Kibria| 1998| Foreign
Minister Abdus Samad Azad|
2000| Foreign Minister Abdus Samad Azad |
2001| Science and ICT Minister Moyeen Khan Woman and Children Affairs Minister
Begum Khurshid Zahan Hoque| 2002| Foreign Minister Abdus Samad Azad|
2003| Social Welfare Minister Ali Ahsan Muhammad Mujaheed, Water Resource
Minister L. K. Siddiqui, Foreign Minister M. Morshed Khan, Fisheries and Livestock
Minister Sadek Hossain Khoka| 2007| Nobel Laureate Dr. Muhammad Yunus visited
Japan. |
liberation war, marks an watershed in Bangladesh-Japan friendship. During the war the Japanese
people extended immense support. The great friend of Bangladesh Late Mr. Takashi Hayakawa
MP played a leading role in Bangladeshs support. According to his wish his ashes are kept in
Bangladesh. The people of Bangladesh nurture enduring gratitude for all Japanese who stood by
us in our trying hours. A bond of mutual goodwill and respect has since developed between the
two peoples. Japan was among the countries that recognized Bangladesh soon after the
independence and established diplomatic relations on 10 February 1972. Early that year both
countries opened Embassies in each others capital. The first ever highest level visit from
Bangladesh was undertaken by Bangabandhu Sheikh Mujibur Rahman in 1973, as the Prime
Minister of a free and independent Bangladesh. Since then our two countries relations have
developed steadily and satisfactorily and never looked back. Bangladesh and Japan have shared
views on many key international issues and closely worked for promoting global peace and
stability. Both our countries have important contributions in the UN peace keeping operations.
Bangladesh supports Japans permanent membership in UN Security Council and appreciates its
role as an observer of SAARC that anchors it to the region as a bona fide partner. The relations
with Japan are of priority for us and both countries are already engaged to exploit the high
potentials for further deepening and widening cooperation. Japan Bangladesh Parliamentary
League actively promotes mutual friendship between the two countries. H.E. Mr. Taro Aso, the
incumbent Prime Minister of Japan, assumed the office of the President of the parliamentary
body last year reflecting the confidence of Japan in Bangladeshs potentials. Bangladesh is
deeply appreciative of the Government and the people of Japan for standing by its side over the
last 38 years as the leading development partner. Japan has been greatly instrumental in our
economic infrastructure building; poverty alleviation efforts and human resources development.
Japan aided infrastructures including bridges in Bangladesh have directly helped its economy to
grow at healthy rates. Japan has been a major contributor to our successful poverty alleviation
efforts. Japan has also helped in our human resources development. Today hundreds of trainees
from Bangladesh who have been trained in Japan are helping build a better Bangladesh. Most of
them speak fluent Japanese. We would like Japan to continue and broaden assistance
in our education sector particularly in science, IT and emerging technology. There
by its charm and fame. It is a country of immense scenic natural beauty and rich
flora and fauna. The land and nature that takes variety of shades as the six seasons
visit throughout the year. Bangladesh also has ancient history and rich tradition,
culture, heritage, art and literature. Todays modern Bangladesh and its people
embody all these characteristics and make an attractive place for the Japanese
tourists who also have long history, rich culture and tradition; particularly the
Buddhist archeological sites would
than 10,000 Bangladesh nationals living in Japan and are engaged in various
activities including business, employment, research and academic related
pursuits. There are also good number of Japanese people living in Bangladesh
who, too, are involved in various activities such as business, employment and
voluntary services. These expatriate nationals are providing valuable
contribution to the strengthening of people to people contact and are building
a strong bridge of friendship between Bangladesh and Japan. In order to
harness the potentials and strength of Bangladesh businessmen living in
Japan, this Mission helped launch a Bangladesh Chamber of Commerce and
Industry in Japan in 2007. The chamber has already started playing an
important role towards increased bilateral trade and investment, between the
two countries. There is a cultural agreement between our two countries and
also a cultural exchange programme under the agreement. Both the
government may facilitate more exchanges in the field of culture that would
further reinforce our friendship. There has been regular exchange of visits
between the two countries since our independence. The visits not only added
The current state of relations between Bangladesh and Japan can be termed as
excellent. Since our independence in 1971 there has been steady, smooth and
excellent development of bilateral relations between Bangladesh and Japan.
This is evident from regular exchanges of high level visits (ii) signing of several
mutually beneficial agreements in different fields (iii) cooperation between the
two countries in the international fora for the realization of our shared ideals
and objectives. Year 2002: 30thAnniversary of Japan-Bangladesh Diplomatic
Relations:Japan recognized the Peoples Republic of Bangladesh on February
10th, 1972, soon after its independence. A Warm friendship has been fostered
between our two peoples since then. Century-old
exchanges between Japanese and Bengali people: One of the earliest close
contracts between our two peoples go back to the beginning of the
20thcentury, when Rabindranath Tagore and Tenshin Okakura, a
distinguished Japanese fine arts scholar, and Taikan Yokoyama, a Japanese
Japan has been the single largest donor to Bangladesh ever since diplomatic
ties were established in February 1972 between the two, although one can
always ask whether such huge official development assistance (ODA) has been
effective in contributing to the sustainability accomplishments of Bangladesh.
Despite the magnitude of Japan's economic assistance to Bangladesh, the
latter's share in Japanese global trade and investment is negligible. Despite
having many competitive advantages, Bangladesh has been suffering from a
huge trade deficit in its business with Japan. Likewise, even though
Bangladesh has been trying its best to attract Japanese investors and
entrepreneurs by offering a package of incentives and better facilities,
investment here remains very low. While Japan recognizes the strategic
significance of Bangladesh in a changing Asia, and wants to help the nation
approach global competition better, Bangladesh's image abroad is dented by
poor governance and political instability. Against this background, one needs
to identify the challenges confronting Japan and Bangladesh in their bilateral
relationship while analysing the significance of the JapanBangladesh
economic partnership.
REFERENCES
1,classified.japantimes.com/nationalday/.../20101129-bangladesh-visit.... 2.
en.wikipedia.org/wiki/BangladeshJapan_relations
3, www.bdsdf.org ... Business & Industry
4.www.wikipedia.com
5.www,google.com