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Commercial Wing

Function of the Wing

    The Commercial Wing primarily extends cooperation to the prospective importers and investors in following manner :

  • Matters relating to trade including export promotion, trade creation, trade expansion and facilitation of imports from Bangladesh to Japan;
  • Helps in resolution of trade disputes;
  • Matters relating to imports from Japan;
  • Provides information and assists Bangladeshi companies to participation in trade fairs, bazzars, etc.;
  • Support sales promotion activities in various departmental stores and elsewhere;
  • All investment matters;
  • Transmission of information to the customs and other concerned authorities in Bangladesh;
  • Replies of trade enquires;
  • Acknowledging Bangladesh/Japan Governments rules and regulations those realties to trade and invest;

 

Bangladesh exportable items to Japan

    Bangladesh exports to Japan though figures more than 70 items but only 7/8 items constitutes 90% shares of the total export in Japan. The principle items exports to Japan are shrimp, leather, footwear, apparels, jute and jute goods, chemical fertilizer, handicrafts, camera lenses, etc. On the other hand import from Japan to Bangladesh includes raw materials for industrial use, machineries, vehicle-new and used, equipments under development projects, electronics, etc.

 

Trade figure between Bangladesh and Japan

    Since the beginning of the trade between the two countries, Japan always shares nearly 80 percent of the total figure in the process of export-import between them. The entire volume in trade in 2005 registered, Bangladesh exports to Japan was 138 million dollar where Japans exports to Bangladesh was over 550 million dollar.

 

Japanese investment in Bangladesh

    Japanese investment in Bangladesh ranks 4th among the foreign investing countries, after the USA, UK, and Malaysia. So far about 146 projects with 100 percent investment or joint venture between Bangladesh and Japanese companies have been registered with the BOI having the figure amounting 1193.769 million US $. The areas of Japanese investment are chemical fertilizer, deep sea fishing, metal parts and components, automobile parts, golf shafts, camera parts and electronic accessories, jute twines, etc.

 

Incentives for investment

  • 10 years tax holiday;
  • Concessionary tax exemption for another 5 years;
  • Duty free import of raw materials and machinery’s;
  • 100 percent foreign equity with unrestricted exit policy;
  • Full repatriation facilities of dividend and capital at the event of exit;
  • Avoidance of double taxation;
  • Provides ready plots or building in all Export Processing Zones Area;
  • Investment is fully secured and protected by low
  • And others;

 

Promising sectors for investment

    Textiles, frozen food, leather, agro-based industry, IT sector, ceramic, light engineering, hydrocarbon, etc.

 

Reasons to investments and trade

  • Stable Macro-economic managements;
  • Open competitive market economy;
  • Trained and educated work force at the cheapest cost;
  • Homogenous Society Structure;
  • Enjoys GSP (Generalized System of Preferences) facilities i.e. products are exempted from paying any duty while entering in Japan.
  • Considerable size of middle class group in 150 million people constitutes a significant market to attract investment;
  • And others;