Bangladesh Economic Zone Authority (Beza) has signed a Memorandum of Cooperation (MoC) with Japan External Trade Organization (JETRO) aiming to formally establish a link between BEZA and JETRO where both organizations will recognize each other as complementary centers for dissemination and exchange of investment information.
The agreement signing ceremony was organized at the Beza office, said a press release.
Japanese Ambassador to Bangladesh Naoki Ito was present as chief guest while Executive Vice President of JETRO Kazuya Nakajo attended as the special guest.
The meeting was presided over by Shaikh Yusuf Harun, executive chairman of Beza.
The MoU was signed, on behalf of Beza, by Executive Chairman Shaikh Yusuf Harun, on behalf of JETRO, by JETRO’s representative in Bangladesh Yuji Ando.
It will exchange information on better investment opportunities, investment and trade information on manufacturing industry, logistics and others. It will also explore investment facilities and incentives and marketing research findings, while exchanging information regarding the requirements, facilities and incentives for investment in Beza.
Beza Executive Chairman Shaikh Yusuf Harun congratulated the signing of the MoC and said that the functions and objectives of Beza and JETRO are complementary. He said that these two organizations will become complementary centers for dissemination and exchange of investment information through the signed memorandum.
Ambassador of Japan appointed in Bangladesh Naoki Ito said, “This cooperation memorandum will be of great importance in developing Bangladesh Special Economic Zone (Japanese Economic Zone, Araihazar, Narayanganj) as a world-class economic zone.
Beza is working to create an investment-friendly environment in Bangladesh and due to this information sharing, it will prepare a field of foreign investment from different countries of the world, he added.