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Japan urges to arrange dialogue for EPA and FTA with Bangladesh

Recently, the Japanese Commerce and Industry Association in Dhaka and Japan Bangladesh Chamber of Commerce and Industry jointly organized an event to celebrate the 50th anniversary of Japan-Bangladesh diplomatic relations at Pan Pacific Sonargaon in Dhaka.

Japan urges to arrange dialogue for EPA and FTA with Bangladesh
Figure: Japanese Ambassador ITO Naoki said the negotiation between Bangladesh and Japan for signing a free trade agreement (FTA) or an economic partnership agreement (EPA) should start as soon as possible.

In the event, Japanese Ambassador ITO Naoki said the negotiation between Bangladesh and Japan for signing a free trade agreement (FTA) or an economic partnership agreement (EPA) should start as soon as possible.

Naoki said, “Firms on both sides want an FTA or EPA, and 85% of the Japanese companies want to sign of a FTA,  so that Bangladesh continues to enjoy duty benefits after graduating to a developing country in 2026.”

As it has been three to four years to conclude the signing of the FTA or EPA, so the negotiation should start as soon as possible.

Earlier this year, the Government of Bangladesh has signed a $2.67 billion loan agreement with Japan to implement mass infrastructure development projects.

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