The 'Japanese Economic Zone' should be operational by next year
Bangladesh’s positive economic growth during the pandemic has been no small feat. In the middle of a global disaster that has brought the whole world to a standstill, Bangladesh is continuously becoming bigger and better. So it is definitely good to see that hard work be recognized, with the Japanese ambassador to Bangladesh, Ito Naoki, saying on Sunday that Bangladesh has been able to send a strong message in terms of its GDP growth. He had made the comments during a meeting with the president of Dhaka Chamber of Commerce and Industry, Rizwan Rahman, last Sunday.
Bangladesh has been enjoying a robust relationship with Japan for a while now, and with a renewed affirmation of friendship, it seems that the relationship is about to get stronger. The “Japanese Economic Zone” should be operational by next year, and this should expedite Japanese investments. Ambassador Naoki has also expressed interest in the preliminary work of establishing a Free Trade Agreement, and has expressed hope for the automotive industry of Bangladesh.
All of this has been possible due to the numerous steps of the government. From maintaining a strategic relationship with Japan, to focusing on the multitude of business-related activities like creating specialized economic zones, the government has taken meticulous care to ensure that its place in the global business landscape is solidified.
Kudos to the government for pulling this off. For the future, the government needs to build on this opportunity, and make sure other aspects of its relationship with Japan is solidified. The world is going through a major shift, and Asia is no different. When the dust settles, provided that the government plays its cards right, Bangladesh has a chance to stand on top.