{"id":4330,"date":"2023-02-24T11:12:50","date_gmt":"2023-02-24T11:12:50","guid":{"rendered":"https:\/\/thecrimebd.net\/english\/?p=4330"},"modified":"2023-02-24T11:12:50","modified_gmt":"2023-02-24T11:12:50","slug":"why-is-matarbari-port-important-for-japan-india-trade","status":"publish","type":"post","link":"https:\/\/thecrimebd.net\/english\/news\/4330\/","title":{"rendered":"Why is Matarbari Port Important for Japan-India Trade?"},"content":{"rendered":"<p style=\"color: #252525; text-align: justify;\"><strong>Dhaka Bureau:<\/strong> Geographically, Bangladesh is an important country in the Indo-Pacific region. Japan has been investing heavily here for a long time. Tokyo is also involved in various projects, including the Matarbari Port, which is important for the country&#8217;s economy. Since the recognition of Bangladesh on February 10, 1972, close relations between Japan and Bangladesh still exist. Bilateral relations between the two countries have been very close since the new country declared its independence.<\/p>\n<p style=\"color: #252525; text-align: justify;\">On February 22, an article related to this was published in the &#8220;Japan Forward&#8221; newspaper.<br style=\"color: #252525;\" \/>\u00a0<br style=\"color: #252525;\" \/>According to the report, Japan has made significant investments in neighboring areas, particularly in northeast India. The Japanese government has permitted extensive investment due to the region&#8217;s strategic location.A signature initiative of Japanese foreign policy, the &#8220;free and open Indo-Pacific&#8221; vision has also been instrumental for a number of other reasons.<\/p>\n<p style=\"color: #252525; text-align: justify;\">Former Japanese Prime Minister Shinzo Abe, who was shot dead by an assassin, planned it. Since then, this policy has been continued by the Japanese administration. As part of the same, Japan is working to ensure the maintenance of a &#8220;rules-based order&#8221; in the Indo-Pacific region.<br style=\"color: #252525;\" \/>\u00a0<br style=\"color: #252525;\" \/>Commentary on the report on Japanese investment in Bangladesh: Japan has been one of Bangladesh&#8217;s closest development partners since its inception but has recently overtaken China. In June 2018, the Japan International Cooperation Agency (JICA) signed a loan agreement of 2.65 billion Japanese yen with Bangladesh. Its purpose was to arrange the development of Matarbari Port. As part of the country&#8217;s development assistance, Tokyo is also involved in the &#8220;Dhaka Mass Rapid Transport&#8221; network.<\/p>\n<p style=\"color: #252525; text-align: justify;\">Commentary on the report on the economic progress of Bangladesh: Bangladesh is advancing rapidly in economic development. It achieved lower middle-income country status in 2015, and the country is designated to exit the United Nations&#8217; list of least developed countries by 2026. The Matarbari port project could also be helpful for the landlocked Himalayan countries of Nepal and Bhutan, apart from the northeastern states of India. These areas were annexed during the independence of India in 1947 and the creation of Bangladesh in 1971.<\/p>\n<p style=\"color: #252525; text-align: justify;\">The report from &#8220;Japan Forward&#8221; also says that Matarbari port is close to Sittwe port in Myanmar. India has significant investments in the natural energy sector in Myanmar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dhaka Bureau: Geographically, Bangladesh is an important country in the Indo-Pacific region. Japan has been investing heavily here for a long time. Tokyo is also involved in various projects, including the Matarbari Port, which is important for the country&#8217;s economy. Since the recognition of Bangladesh on February 10, 1972, close relations between Japan and Bangladesh [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"location":[],"class_list":["post-4330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why is Matarbari Port Important for Japan-India Trade? - The Crime BD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecrimebd.net\/english\/news\/4330\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why is Matarbari Port Important for Japan-India Trade? - The Crime BD\" \/>\n<meta property=\"og:description\" content=\"Dhaka Bureau: Geographically, Bangladesh is an important country in the Indo-Pacific region. Japan has been investing heavily here for a long time. Tokyo is also involved in various projects, including the Matarbari Port, which is important for the country&#8217;s economy. 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