Hasan seeks $100m from Japan for ship breaking industry

The foreign minister said Bangladesh breaks 8000 scrapped ships annually while neighbouring India breaks 10000 annually

BSS

May 15 2024 2:54 PM

Hasan seeks $100m from Japan for ship breaking industry

Foreign minister Dr Hasan Mahmud today sought 100 million US dollars in assistance from Japan for making Bangladesh's ship-breaking industry safe and sustainable.

"I requested Japan to help us with 100 million US dollars for developing the shipbreaking sector which is one of the biggest in the world," he told reporters after holding a meeting with visiting Japanese Parliamentary Vice Minister for Foreign Affairs Hosaka Yasushi at the foreign ministry here. 
 
The foreign minister said Bangladesh breaks 8000 scrapped ships annually while neighbouring India breaks 10000 annually. 

"They (Japan) had helped India to improve their shipbreaking industry . . . so in line with that I also sought their help in this regard," he said. 

During the meeting, Hasan also sought the continuation of Japanese support, a long-term plan for the development of Southern Chattogram under the BIG-B initiative to enhance connectivity in the region and beyond.

He also emphasised more Japanese investments in Bangladesh, particularly in the Special Economic Zones in Araihazar and Bangabandhu Sheikh Mujib Shilpa Nagar at Mirsarai in Chattogram. 

The foreign minister thanked Japan for sending the Trade Negotiating Team for EPA which will visit Dhaka from May 19-23, 2024 for the 1st round of Japan-Bangladesh Economic Partnership Agreement (EPA) Negotiations.
 
He apprised the Japanese vice minister that Prime Minister Sheikh Hasina's government would like to strengthen the existing strategic partnership between Bangladesh and Japan to further height and engagements. 

Hasan expressed satisfaction at the good progress of JICA-assisted mega-infrastructure projects, including Matarbari deep seaport, Matarbari Coal Fired Power Plant, Dhaka Metro Rail. 

He thanked Japan for the continued efforts towards a durable solution for the safe, sustainable and dignified return of the forcibly displaced Myanmar nationals Rohingyas to the Rakhine State for peace, stability, and security in the region. 

The foreign minister expressed hope that an Economic Partnership Agreement (EPA) would be concluded to get Japanese financial concessions by 2026 when Bangladesh will graduate from LDC status. 

Both the Vice Minister and Foreign minister expressed satisfaction at the close cooperation between Bangladesh and Japan in different multilateral fora and hoped that both the countries will continue close cooperation for international peace and security, and sustainable development.

The foreign minister thanked the Vice Minister for representing the government of Japan in the ICPD30 Global Dialogue in Dhaka. 

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