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Hartal, terrorism hinder Japanese investment in Bangladesh
 Frequent hartal [combination strike and riot] and terrorist activities are hindering Japanese investment in Bangladesh, said business leaders of the world's second largest economy yesterday.
| Why should the Japanese be different from anybody else? |
The Japanese businesspeople also identified transportation problems and unforeseen costs of doing business here as the obstacles to attracting increased investment.
| That'd be the grease required to get anything done... |
They said inadequate power and gas supply to the industrial plants, bureaucratic tangles, lack of political will, coordination among government agencies, and delay in payment against LC (letter of credit) also bar Japanese investment in Bangladesh. "Presently, infrastructure facilities in Bangladesh are not sufficient for doing business as a lot of business impediments still exist," said Hideo Ueno, vice president of Japan Bangladesh Chamber of Commerce and Industry (JBCCI).
| The fact that they're on the list of most corrupt nations in the world doesn't help. |
He was speaking at a seminar on 'Promotion of Trade & Investment: Japan-Bangladesh Initiatives' at Dhaka Chamber of Commerce and Industry (DCCI) auditorium in the capital. Mahbubur Rahman, president of International Chamber of Commerce-Bangladesh (ICC-B) conducted the seminar, while Commerce Minister Altaf Hossain Choudhury, Japanese Ambassador in Dhaka Matsushiro Horiguchi, DCCI President MA Momen and JBCCI President Matiur Rahman were present.
Posted by: Fred 2006-02-28 |
