The apex trade body has urged Japanese investors to set up automobile industries in Bangladesh for mutual benefits of the two countries.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) said this during a meeting with a visiting delegation of Japan External Trade Organisation (JETRO) at FBCCI office on Wednesday.
JETRO president Kazushige Nobutani led the delegation.
FBCCI president Md Jashim Uddin said, "There is a huge demand for Japanese products, especially automobiles. On the road, you can see various Japanese cars everywhere in Bangladesh."
"Japan can come forward to exploit this vast business potential in Bangladesh. The Japanese Investor can grab the market by setting up automobile factories in Bangladesh," he added.
Mr Jashim said the top chamber body could work closely with Japanese entrepreneurs in this regard.
Setting up factories could benefit both countries as product prices would be relatively low, he added.
"Bangladesh has huge potential. We're now on our way to be a trillion-dollar economy. To achieve this, Bangladesh is going through policy and strategic transformation."
"The government and the private sector are also working together to facilitate trade and business." added the FBCCI chief.
He also informed the delegation of the Bangladesh Business Summit which is slated for this March on the occasion of the 50th founding anniversary of the FBCCI.
Md Jashim said his entity is expecting the active participation of Japanese investors.
"Bangladeshi entrepreneurs are interested in expanding trade with Japan. They have emphasised setting up eco-friendly and compliant industries," he said.
Technology transfer among the two countries is the key to ensuring sustainable industrialiation, he mentioned.
Meanwhile, JETRO chief Nobutani congratulated the FBCCI on its 50 years of establishment.
He also wished a grand success of the upcoming Bangladesh Business Summit.
The trade relations between the two countries would be accelerated through business-friendly policies and strategies, said Mr Nobutani.
FBCCI vice-president Md Amin Helaly, secretary general Mohammad Mahfuzul Hoque, adviser and former director Abdul Haque, JETRO executive vice-president Mayumi Murayama and director general Satoshi Kubota, among others, attended the meeting.
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