Japan will continue support for Bangladesh`s development...

Dhaka, Sunday   25 October 2020

1yr anniv of Japan’s Ambassador, assurance of keep supporting Bangladesh

 News Desk daily-bangladesh.com

 Published: 09:00 PM, 11 October 2020  

ITO Naoki

ITO Naoki

Japan will continue to support the development of Bangladesh. Because it is a direct contributor to the overall stability of the Bay of Bengal and the Indo-Pacific region.

Japan’s Ambassador to Bangladesh ITO Naoki said this on Sunday in a message on the occasion of his one-year anniversary. 

“Since March this year COVID-19 pandemic has been affecting our interactions in various fields such as economic activities and cultural exchanges. However even during this challenging time, Japan has been supporting Bangladesh in its fight against the pandemic. Japanese government signed to provide Bangladesh government with the COVID-19 Crisis Response Emergency Budget Support Loan for JPY 35 billion (Approximately USD 330 million) in August. In addition, Japan provided medical equipment for healthcare sectors as well as emergency support through international organizations,” Naoki said in a message.

Mr. Naoki said, “In the field of business relationship, I am happy to note that more than 300 Japanese companies are currently operating in Bangladesh, and the number has tripled over the past 10 years. The direct investment from Japan has also been doubled in 8 years. I am eager to work further on improving the business environment to make the trade and investment between Japan and Bangladesh more robust.”

“The year 2020 marks the birth centenary of the Father of the Nation “Bangabandhu” Sheikh Mujibur Rahman, and 2021 is the 50th anniversary of the independence of Bangladesh. Further ahead, 2022 is the 50th anniversary of the establishment of diplomatic relations between Japan and Bangladesh. Taking these milestones as opportunities, I would like to continue to devote myself to further deepen mutual understanding and exchanges of people between Japan and Bangladesh.” he added. 

He said, Japan also continue to ensure the safety and security of the Japanese nationals visiting/ living in Bangladesh. The country would appreciate Bangladesh’s opinion and cooperation toward building stronger ties between two countries.

It is to be noted that, Japan’s contributions to tackle COVID-19, the year 2020 was remarkable in terms of Official Development Assistance (ODA) from Japan to Bangladesh, as the largest ever annual ODA loan package of JPY 338 billion (approximately USD 3.2 billion) was signed in August. This year’s loan package comprises assistance to projects including Dhaka Mass Rapid Transit (MRT) , Hazrat Shahjalal International Airport Expansion, Jamuna Railway Bridge Construction, and Chattogram – Cox’s Bazar Highway Improvement. These large-scale infrastructure projects, in addition to ongoing deep-sea port construction in Matarbari, are essential for the development of Bangladeshi industries and will symbolize the future of Bangladesh once they are completed. Japan will continue to support Bangladesh’s development, as it directly leads to the overall stability of Bay of Bengal and Indo-Pacific region.