EPA with Japan to integrate Bangladesh into global value chain

29 Dec '23

1 min read

Ambassador IWAMA Kiminori(R) with Mr. Tapan Kanti Ghosh, Senior Secretary of Ministry of Commerce. Pic: Embassy of Japan in Bangladesh

Insights

Bangladesh's commerce ministry recently unveiled the draft of a proposed economic partnership agreement (EPA) with Japan covering 17 sectors, including e-commerce.
Both sides have decided to sign the EPA by December 2025.
The ministry's senior secretary Tapan K Ghosh said Bangladesh will be easily included in the global value chain as a result of the EPA.

Bangladesh’s commerce ministry recently unveiled the draft of a proposed economic partnership agreement (EPA) with Japan covering 17 sectors, including trade in goods, customs procedures, trade facilitation, investment and e-commerce.

Both sides have decided to sign the EPA by December 2025.

"As a result of this agreement, Bangladesh will be easily included in the global value chain. At the same time investment, and trade will increase," the ministry’s senior secretary Tapan Kanti Ghosh told a press conference in Dhaka.

Japanese ambassador to Bangladesh Iwama Kiminori said the proposed agreement will facilitate development on both sides.

The two countries have already completed a joint feasibility study on the matter, media outlets in Bangladesh reported. The study assessed the status in various sectors on both sides.

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