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Governance, infrastructure may figure during PM's Tokyo visit

Japanese envoy says

STAR BUSINESS REPORT
Poor governance and infrastructure are undermining Bangladesh's development efforts and possible ways to address the problems may be discussed during Bangladesh prime minister's upcoming visit to Tokyo, the Japanese ambassador said yesterday.
Japan will also look to expand trade and investment, in particular, to enhance FDI inflow into Bangladesh, Matsushiro Horiguchi told a seminar in Dhaka.
Bangladesh Japan Friendship Association (BJFA) organised the seminar titled 'Bangladesh-Japan
Bilateral Relation Development'. Water Resources Minister Hafiz Uddin Ahmad spoke at the seminar as chief guest.
Japan looks forward to working for gradual elimination of concrete barriers to trade and investment, in cooperation with the private sectors of both Japan and Bangladesh and other development partners, Horiguchi said.
"Japan is currently formulating a new country assistance programme to assist Bangladesh in its development. Under the new programme, Japan will help Bangladesh achieve greater development and economic growth," he added.
The ambassador said Japan has become the world's number two economic power accounting for approximately 20 percent of the UN's regular budget and the peace-keeping operation budget respectively.
Minister Hafiz Uddin Ahmad said trade imbalance between Japan and Bangladesh is lessening.
Akio Arai, resident representative of Japan International Cooperation Agency (Jaica) in Dhaka, said Jaica wants to extend assistance for capacity building of individual institution.
Sotaro Nishikawa, representative of Japan External Trade Organisation, said investment
climate here in 2004 was better than that of the previous year.
Investment cost also became cheaper in 2004 than the previous year, he said adding that a total of 57 Japanese companies are operating in Bangladesh and the country should address some crucial issues that are hindering more investment from Japan.
Kiyoshi Amada, chief of Representative Office in Dhaka of Japan Bank for International Cooperation, Amirul Islam Khan Bulul, chairman of BJFA, and Muhammad Zamir, former secretary and ambassador, also spoke at the seminar.