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Japanese and Chinese companies, along with domestic and foreign firms, are expressing dissatisfaction with the business environment in Bangladesh. Key concerns include policy inconsistency, complex customs procedures, shipment delays, uncooperative government officials, and informal payments for quicker services. Japanese companies, in particular, are notably dissatisfied, with a Jetro survey reporting a 71% dissatisfaction rate. Chinese investors also face numerous challenges, such as visa and work permit difficulties, LC issues, and more.
These challenges are hindering business operations, leading to increased costs and damaged goods. For example, cargo clearance at seaports takes approximately 11 days and six hours. To address these concerns, stakeholders are calling for regulatory reforms, transparency, and efficiency improvements, particularly in customs processes. They believe this will attract more foreign direct investments and positively impact Bangladesh’s economic growth. Although Japanese investors express dissatisfaction, 66% still express interest in expanding their operations in the country. The government’s intention to improve the business climate is recognized but requires consistent long-term policies and reduced bureaucratic complexities.
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