Bangladesh, Japan sing three MoUs to enhance bilateral trade, investment

Bangladesh and Japan have 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 on Sunday.

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, reports BSS.

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.