Bangladesh attracts three East-Asian economies

14 Jul '10

2 min read

Three East-Asian nations namely, Japan, China and South Korea, are keen on improving their ties with Bangladesh. For the same, Prime Minister, Sheikh Hasina, had already visited South Korea and China and will be visiting Japan in the month of October,

Tamotsu Shinotsuka, Japanese ambassador in Dhaka said that Japan is interested in extending political, economic and social co-operation with Bangladesh. Moreover, Japanese investors are exploring opportunities in various sectors in Bangladesh such as textile, garment, leather, fishing and telecommunication, as for them Bangladesh is a country, which has the potential for both cheap manpower and profitable market.

Dhaka expects that, the Korea International Cooperation Agency (KOICA) President, Park Dae-won, will pay a visit to the country this year. Among all the other South Asian countries, Bangladesh has received top priority from South Korea in gaining support from the country, informed Lee Jung-Wook, Resident representative of South Korean aid agency KOICA.

He added that, Bangladesh would receive around $5 million from South Korea under its new Overseas Development Assistance Program. In addition, from this month on, China will import Bangladeshi goods without any duty.

The Chinese Vice President, Xi Jinping, had visited Dhaka recently after Sheikh Hasina's visit to Beijing, in the month of March. Xi Jinping expressed interest in strengthening political, economical and social relations with Bangladesh, during his visit.

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