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Tofail urges Japan to raise import from Bangladesh

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November 13, 2000 

Industries Minister Tofail Ahmed on Friday urged Japan to increase import from Bangladesh as the country produces quality frozen foods , readymade garments, jute, goods and other agro-products, reports B.S.S.

He made the request at a meeting with the visiting Executive Vice President of Japan External Trade Organization (JETRO) Masao Kawait at his official residence in Dhaka.

The minister said Japan being the biggest development partner of Bangladesh investors from that country can invest here in a bigger way. Bangladesh has formulated a very attractive investment policy to encourage investment, the minister said and added that Japan with other developed Nations has committed to give better market access to JETRO executive to pursue the case with the Japanese government as promised at WTO.

Elaborating Japanese Investment in public sector enterprises, the minister said the BMRE and granulation plant at Ghorashal Urea Fertilizer Factory with the Japanese assistance is under progress, He said the government is planning to set up a diammonium phosphate plant in Chittagong with Japanese financial support and sought Japanese support in BMRE of other fertilizer, paper and other public sector enterprises.

Responding positively the JETRO vice-president said that Japan was presently providing technical assistance for the quality improvement of RMG products. He said, Quality is the main concern of Japanese consumers and requested the minister to take measures for improvement of the same in shrimp processing which has a good market in Japan.