Dhaka will soon sign the Bangladesh-Japan Economic Partnership Agreement (BJEPA) to strengthen bilateral economic ties, expand trade and investment, enhance investor confidence and attract long-term Japanese investment.<\/p>\n
The agreement, whose text was finalised after seven rounds of negotiations, will ensure continued duty-free access of Bangladesh products to Japan after the country’s graduation from the least developed country (LDC) status this year.<\/p>\n
Dhaka will soon sign the Bangladesh-Japan Economic Partnership Agreement to strengthen bilateral economic ties and expand trade and investment.
\nUpon entry into force, 7,379 products from Bangladesh will enjoy immediate duty-free access to the Japanese market from the first day of signing.
\nBangladesh’s key export items, particularly readymade garments, will gain duty-free access to Japan from day one. <\/p>\n
It covers trade in goods and services, customs duties, investment, trade facilitation and intellectual property rights.<\/p>\n
Japan has expressed its intention to sign the agreement on February 6.<\/p>\n
A Joint Study Group (JSG) published its report on December 27, 2023, recommending a comprehensive negotiation framework covering 17 sectors.<\/p>\n
Upon entry into force, 7,379 products from Bangladesh will enjoy immediate duty-free access to the Japanese market from the first day of signing.<\/p>\n
In return, Japan will receive immediate duty-free access for 1,039 products in Bangladesh.<\/p>\n
Bangladesh’s key export items, particularly readymade garments, will gain duty-free access to Japan from day one, domestic media outlets in Bangladesh reported.<\/p>\n
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