March 19, 2013, H.E. Mr. Shiro Sadoshima, Ambassador Extraordinary and Plenipotentiary of Japan to Bangladesh and Mr. Md. Shafiqur Rahman Patwari, Secretary, Ministry of Environment and Forest of the People’s Republic of Bangladesh signed the bilateral document of the Bilateral Offset Credit Mechanism (BOCM) in the presence of H.E. Dr. Hasan Mahmud, Minister for Environment and Forest of Bangladesh in Dhaka, Bangladesh. As a result, the BOCM will be officially launched in Bangladesh.