Bangladesh has finalized the draft of its first major Economic Partnership Agreement (EPA) with Japan, marking a milestone in bilateral economic relations. Bangladesh Investment Development Authority (BIDA) Chairman Choudhury Ashiq described the achievement as historic, emphasizing that it reflects Bangladesh’s commitment to policy continuity, investment protection, and credible dispute resolution mechanisms.
The agreement is expected to open new opportunities beyond traditional manufacturing and energy sectors, extending to automobiles, digital services, logistics, and healthcare. Ashiq noted that Japanese investment will bring advanced technology, skills, and standards, reshaping Bangladesh’s economic landscape. The move aligns with Bangladesh’s preparations for graduation from Least Developed Country (LDC) status, positioning the nation for broader global integration.
Officials indicated that this is only the beginning, as Bangladesh seeks similar agreements with key markets such as the United States, the European Union, and South Korea. The EPA is seen as a strategic foundation for sustaining growth and competitiveness in the post-LDC era.