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EDITORIAL
Posted : 14 Oct, 2014 00:00:00
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Forging trade, investment ties with Japan | EDITORIAL | Financial Express :: Financial Newspaper of Bangladesh
10/14/2014
Promotion Bureau (EPB) said that export earnings from Japan have fallen a little behind the target.
Bangladesh's exports to Japan count over 80 different products but export of readymade garment, leather and footw ear items constitutes the lion's
share of the increased earnings from Japanese market. Japanese consumers prefer brand items and European items thus come on top alw ays.
Colours and fashion designs also change very rapidly. This compels traders to make tiny orders to the exporters. Habits of w earing clothes and
outfits change w ith the change of their four seasons. Bangladesh's garments are familiar to Japanese traders but the Bangladeshi traders stagger
to unfold their potentiality due to some reasons. Maximum lead/shipping time, refusal of our exporters in accepting tiny orders, absence of optimum
know ledge on Japanese market and their demand, confirmation on each and every product's precision, timely delivery, compliance issues, language
barriers, along w ith other factors hinder Bangladesh from fetching maximum result. Bangladesh seldom participates in trade fairs in Japan though
such fairs take place throughout the year. Moreover, discontinuity of participation in the same fairs in the consecutive years saps the possibility of
getting orders from buyer groups w ho inspected the products in the previous year.
Bangladesh enjoys generalised system of preferences (GSP) in Japan. So products can enter the country w ithout paying any duty but faces
serious problem due to Non-Tariff Barriers (NTBs). Certification of products is very important; the Bangladesh Standards and Testing Institution (
BSTI) or other certifying agencies are not fully equipped and do not have international accreditation for certifying every product.
Japanese ODA may be sought for equipping our industries w ith latest machinery and standardising certifying agencies to overcome barriers under
NTBs. Thorough examinations are needed for the entry of new products. Products have also to match w ith the Japan Agricultural Standard (JAS)
and the Japan Industrial Standard (JIS) for agricultural or industrial items. Japan has been w orking w ith a new drive of China plus One Policy to
reduce overdependence on China w here Bangladesh could come as a new country as a supply source of exportables.
The w riter is the Additional Secretary, the Economic Relations Division and former Commercial Counsellor, Japan. mansurfm@yahoo.com
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http://www.thefinancialexpress-bd.com/2014/10/14/60902
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Forging trade, investment ties with Japan | EDITORIAL | Financial Express :: Financial Newspaper of Bangladesh
10/14/2014
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International Publications Limited.
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Editor : Moazzem Hossain,
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