Consistent tax policies, right incentives can draw large FDI
Tareq Rafi Bhuiyan Jun, secretary-general of Japan-Bangladesh Chamber of Commerce and Industry, says in an interview
Tareq Rafi Bhuiyan Jun
The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan s biggest recipient of official development assistance in 2020. Since the Covid-19 pandemic started more than a year ago, there has been a lot of talks and anticipation about Japanese businesses moving base to Bangladesh. In a series of high-profile interviews, The Daily Star tries to understand the increasing interest of Japanese investors in Bangladesh, its growth prospects, barriers to growth, ground realities, and on how to attract more Japanese investment. As part of the series, today, we are running the interview of Tareq Rafi Bhuiyan Jun, secretary-general of the Japan-Bangladesh Chamber of Commerce and Industry.
However, 70.3 per cent had sought to do so in 2019.
In 2020, another 49.3 per cent believed that their operations will remain the same while 6 per cent pondered over going for retrenching.
Besides, 3 per cent wanted to shift to another country withdrawing investments, failing to bear the difficulties of the ongoing Covid-19 fallouts.
The 2019 JETRO Survey on Business Condition of Japanese Companies in Asia and Oceania was released on March 2021.
Over 300 companies are doing business in Bangladesh and the number has been rising in recent years due to continuous economic growth in the last decade.
Those expressing intent to expand business in Bangladesh cite growth potential and sales increases enabled through exports and the domestic market.
The relationship between Japan and Bangladesh is a trusted and time-tested one. Bangladesh became Japan's biggest recipient of the Official Development Assistance in 2020. Since the Covid-19 pandemic started more than a year ago, there has been a lot of talks and anticipation about Japanese businesses moving base to Bangladesh. In a series of high-profile interviews, The Daily
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