Japan and Bangladesh have signed an Economic Partnership Agreement (EPA), marking Bangladesh’s first such deal. The agreement will come into force after both countries complete their respective domestic approval processes.
The EPA aims to enhance trade and investment between the two nations by reducing tariffs and promoting cooperation in various sectors.
**Why this matters**
This agreement represents a significant step for Bangladesh in expanding its international trade relationships. It is expected to boost economic growth and create new opportunities for businesses in both countries. For Japan, the deal strengthens ties with a growing South Asian market.
Source: NewsData