Significance of Bangladesh PM’s upcoming Japan visit

Kamal Uddin Mazumder
Contd from previous issue
With Japan being the most attractive export market in Asia, Bangladesh is trying to negotiate a free trade agreement (FTA) or economic partnership agreement (EPA), with the commerce ministry having already produced a pertinent memorandum of cooperation (MoC).
This is the necessary step in the process of negotiating a trade agreement with Japan to maintain Bangladesh’s zero-duty benefits after it graduates from the category of least developed country (LDC) to that of developing country in 2026.
By April of next year, regarding the migration of trained labor from Bangladesh to Japan, Bangladeshis will have the chance to go to Japan and work in the caregiving sector.
The prime minister is due to visit Japan by the end of the month, in an effort to strengthen bilateral ties and encourage greater Japanese investment in Bangladesh.
Together, Japan and Bangladesh can tackle the Rohingya refugee problem, develop the blue economy, fight against terrorism, and other issues. The Japanese government has chosen to continue providing a $2 million emergency aid grant for the assistance of the displaced “Rohingya” in Bhasan Char. On February 8, Bangladeshi Prime Minister Sheikh Hasina requested cooperation from Japan for an early and sustainable repatriation of forcibly displaced Rohingyas to their native Myanmar because Dhaka and Tokyo have similar views on how to resolve the problem. Bilateral strategic relations would eventually result from the bilateral cooperation. The strong foundation of bilateral ties between Bangladesh and Japan is prepared to be elevated in the near future from “comprehensive partnership” to “strategic partnership”. PM Hasina’s visit will definitely pave the way.

Kamal Uddin Mazumder is a researcher and strategic affairs analyst based in Dhaka, Bangladesh