Japan’s parliamentary deputy minister due to arrive soon – Pakistan
ISLAMABAD: Japan’s Parliamentary Deputy Foreign Minister Honda Taro is due to visit Pakistan soon. He will meet with the country’s top leaders during his visit.
The Ministry of Foreign Affairs has requested all relevant ministries/divisions to share Japan-related documents, including agreements/memorandums of understanding, by May 25, 2022.
Last year, Japan expressed its dissatisfaction with the Pakistani government for abrupt changes in investment procedures, failure to meet agreed commitments and discriminatory treatment of its companies.
These concerns were conveyed by Japanese Deputy Foreign Minister Suzuki Hiroshi, who led a 10-member team at the 7th Japan-Pakistan High-Level Economic Policy Dialogue.
Hiroshi had stressed the need to ensure that Pakistan does not fall into the debt trap by developing deep dependence on any one country and indicated the need for strict adherence to recognized international principles, namely the openness, transparency, efficiency and debt sustainability agreed by the G20 country.
He further reaffirmed that Pakistan was the largest recipient of Japanese subsidies in the world. Japan’s subsidy, aid, assistance for water, sewage system, health, education and disaster risk reduction were also highlighted.
Japan’s senior deputy economic minister further said that Pakistan has a debt problem as successive governments have resorted to overreliance on foreign loans and IMF programs.
The sources said Japan’s Deputy Foreign Minister of Parliament will raise issues facing Japanese companies in Pakistan, especially the automotive sector.
The government has recently advised automakers to reduce their prices and share their cost structure and provide justification for the recent price hike otherwise the government will take regulatory action which may include price fixing under the law of 1977 on price control, prevention of profit and hoarding.
Japan is also concerned about the imposition of a ban on the sale, purchase, manufacture, distribution and import of Ajinomoto salt (monosodium glutamate – MSG) in Pakistan.
Copyright Business Recorder, 2022