Written by The Banking Post
Japan’s envoy to Dhaka has described the newly signed Economic Partnership Agreement (EPA) with Bangladesh as the most concessionary deal Tokyo has ever offered, underscoring its significance for trade and investment ties.
Speaking at a business event in the capital, Ambassador Shinichi Saida said the agreement aligns with Bangladesh’s economic priorities and sends a clear global message in favour of open trade.
“We could send a clear message to the world that we both uphold free trade, considering the international trade circumstances,” he said.
The EPA, signed in February, is expected to deepen economic cooperation and attract foreign investment at a time when Bangladesh is preparing for its post-LDC transition.
Officials noted that negotiations for the deal were both “tough and powerful,” helping Bangladesh sharpen its trade negotiation capacity. The experience has also strengthened Dhaka’s confidence to pursue future trade agreements, including with the European Union.
At the same event, a survey on Japanese businesses operating in Bangladesh showed improving sentiment. Around half of the firms expect to make profits this year, while nearly 30 per cent anticipate breaking even—both higher than last year’s projections.
The envoy described the agreement as part of a broader strategic partnership built on trust and shared economic goals, expressing optimism that it will support growth through increased investment and stronger bilateral ties.
