He noted that the formation of a new administration, along with its focus on reconciliation, restoration of law and order, and investment-led growth, would have a positive impact on investors’ mindset
Ambassador of Japan to Bangladesh Saida Shinichi. Photo: Collected
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Ambassador of Japan to Bangladesh Saida Shinichi. Photo: Collected
Japan’s ambassador to Bangladesh, Shinichi Saida, has highlighted strong prospects for increased foreign direct investment (FDI), citing the country’s recent peaceful election and policy direction as key factors boosting investor confidence.
Speaking at a “Japan Business Day” event on progress in the Economic Partnership Agreement (EPA), the envoy said political stability following the February election is likely to attract more global investors.
The event was jointly organised by the embassy and the Japan External Trade Organization (Jetro) at a city hotel today (30 March).
He noted that the formation of a new administration, along with its focus on reconciliation, restoration of law and order, and investment-led growth, would have a “positive impact on investors’ mindset.”
According to him, these developments could accelerate Bangladesh’s economic growth through higher FDI inflows.
Reaffirming Japan’s long-standing ties with Bangladesh since its independence, Saida said Tokyo has consistently supported the country’s development regardless of political changes.
He added that the relationship has now evolved into a strategic partnership based on trust and shared values.
Highlighting the EPA, he described it as a “landmark achievement” reached through extensive negotiations, stressing that such agreements should be viewed from a long-term perspective rather than for short-term gains.
Responding to criticisms in sections of the media over the urgency and benefits of the EPA, the envoy said delaying such agreements could be “short-sighted.”
Drawing comparisons with Asean economies, he noted that countries adopting similar agreements have experienced strong growth.
He also addressed concerns over Japanese concessions, saying the proposed EPA with Bangladesh is “among the most concessional” Japan has offered.
Beyond tariff timelines, he emphasised the importance of legal certainty for businesses, traders, manufacturers, and particularly investors.
The envoy added that the agreement sends a strong signal globally about both countries’ commitment to free trade, especially amid evolving global trade dynamics.
He expressed optimism that the EPA aligns with Bangladesh’s economic priorities and could drive sustained, investment-led growth in the years ahead.
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