Jetro exec vice president for strengthening Bangladesh’s credit rating

The credit rating of Bangladesh should be strengthened to attract more foreign direct investment, said Kazuya Nakajo, executive vice president of Japan External Trade Organization (Jetro), today.

Japan is one of Bangladesh's biggest development partners, he told an event titled "Welcoming Investment from Japan: Lessons for Bangladesh, from the experience in India" jointly organised by Bangladesh Investment Development Authority (Bida) and Jetro on the former's premises in Dhaka.

Highlighting Jetro's activities in Bangladesh, Jetro Country Representative Yuji Ando said Jetro has been investing in Bangladesh since 1973 with the amount steadily increasing every year.

Currently, 338 Japanese companies are doing business in Bangladesh through Jetro and some 68 per cent of them are planning to expand their operations in the next two years, he said.