KOTRA, BGMEA discuss trade-investment potential

DHAKA, Samsoo Kim, trade representative (Director General) of the commercial section at the Embassy of Korea and Faruque Ahmed, chief specialist at the Korea Trade-Investment Promotion Agency (KOTRA) in Dhaka held a meeting with Faruque Hassan, President of BGMEA today. The primary focus of the meeting was to explore new avenues of trade and investment between Bangladesh and Korea, aiming to benefit both economies. They also had discussions about possible ways of establishing robust connections between businesses in Bangladesh and Korea, allowing them to explore their mutually beneficial trade and investment potential, said a press release. Expressing keen in strengthening ties with Korea, the BGMEA President urged KOTRA to encourage Korean businessmen to invest in Bangladesh’s backward linkage industry, with a particular emphasis on the non-cotton textile sector, including polyester and spandex yarn. Collaboration between Bangladesh and Korea, especially in the apparel and textile sector hold
s the promise of creating new opportunities for businesses in both countries, he said. Faruque Hassan also sought cooperation of KOTRA in developing capacity of BGMEA University of Fashion and Technology (BUFT) in textile, apparel, fashion and business through collaboration with leading Korean fashion institutes. He called for KOTRA’s cooperation in boosting garment exports from Bangladesh to Korea. Source: Bangladesh Sangbad Sangstha