Dhaka, Jan 17 (Asian Free Press): President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan and Ambassador of South Korea to Bangladesh Lee Jang-Keun met and discussed bilateral issues and plans pertinent to trade, investment, and business exchange, according to local media.
The meeting was attended by former president of the Dhaka Chamber of Commerce and Industry (DCCI) Shams Mahmud, BGMEA Vice Presidents Shahidullah Azim and Miran Ali, and First Secretary of the Embassy of South Korea, Lee Jungyoul, BSS reported.
Hassan, while talking with Korean envoy in the meeting, said Bangladesh and South Korea have great potential to derive more mutual trade benefits through collaboration, especially in the area of apparel and textile industry.
“There are huge opportunities for Bangladesh and South Korea to further engage in trade and investment and develop mutually beneficial economic ties,” Hassan remarked during the meeting while highlighting investment opportunities in Bangladesh.
During the meeting, they discussed possible areas of expanding trade between Bangladesh and South Korea and how both countries can collaborate in a meaningful way to pave the way for boosting bilateral trade.
BGMEA President Faruque Hassan requested Ambassador Lee Jang-keun to encourage Korean businessmen to invest in the backward linkage industry of Bangladesh, especially the non-cotton textile sector, it stated.
In the meeting, the Korean envoy pointed to extending incentive facilities to RMG factories inside the export processing zone (EPZ) against their exports to new markets, it was mentioned.