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Minister seeks Japanese investment

Commerce Minister Faruk Khan yesterday sought Japanese investment in
shipbuilding, textile and solar energy sectors. The call for
investment came when Japanese Ambassador Tamotsu Shinotsuka met the
minister at his office. Faruk Khan also urged Japan to import more
products from Bangladesh, especially knit and woven garments, jute
and leather goods, ICT and pharmaceutical products to give a boost to
trade between the two countries. The minister sought assistance for
using Japanese technology and experience to produce quality products,
as Japanese goods are well-known for quality. Appreciating economic
progress in Bangladesh, the Japanese envoy said about 6 percent
economic and 10 percent export growths in Bangladesh are very
encouraging at a time when the world economy is reeling the fallout of
global recession. He said Bangladesh has prospects to emerge as a
middle-income country soon if it can maintain the growths. Tamotsu
said Japanese traders are very much interested to trade with
Bangladeshi's lucrative market. Bangladesh exported $202.6 million
worth of products to Japan in 2008-09 , which is increasing
compared to the previous years while it imported products worth
1013.96 million last fiscal.