Dhaka: Adviser to the Ministries of Industries and Housing and Public Works, Adilur Rahman Khan, has emphasized the significance of strengthening economic ties with Korea to boost Bangladesh’s industrial development. Addressing a seminar at a city hotel, he highlighted that fostering economic relationships with Korea is crucial for the country’s progress.
According to Bangladesh Sangbad Sangstha, the seminar, titled “Korea-Bangladesh Economic Cooperation,” was hosted by the Foreign Investors’ Chamber of Commerce and Industry (FICCI) in collaboration with the Embassy of the Republic of Korea. The event aimed to establish a forward-thinking model for economic cooperation between Korea and Bangladesh.
Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of Bangladesh Investment Development Authority (BIDA) and Bangladesh Export Processing Zones Authority (BEZA), attended as the special guest. High officials from the Korean embassy, Korea Trade-Investment Promotion Agency (KOTRA), Korea Bangladesh Chamber of Co
mmerce and Industry (KBCCI), KExim Bank, and representatives from various Bangladeshi and Korean businesses also participated in the seminar.
BIDA Executive Chairman Chowdhury Ashik Mahmud Bin Harun expressed enthusiasm about the prospects of Korean investment, particularly in manufacturing and technology sectors. He stated that a collective effort could establish a strong foundation for economic growth.
FICCI President Zaved Akhtar conveyed gratitude to the Embassy of the Republic of Korea and the KBCCI for their partnership in organizing the seminar. He stressed the importance of a collaborative approach to foster innovation and development, unlocking new investment opportunities.
KBCCI President Shahab Uddin Khan thanked FICCI for its dedication to enhancing international economic ties, which aids Bangladesh in attracting more foreign direct investment (FDI). He reiterated KBCCI’s commitment to partnering with FICCI to support business interests and promote regional economic growth.
The seminar’s keyno
te speaker, Samsoo Kim, Director General of KOTRA, delivered a presentation on “Increasing FDI in Bangladesh through Korea’s Success Factors.” He provided insights into effective FDI policies based on Korea’s experience and stressed the importance of enhancing trade and investment relationships between the two countries.
Korean Ambassador Park Young-sik shared insights on Free Trade Agreements (FTA) and their relevance for Bangladesh. He highlighted the need for Korea-Bangladesh Economic Partnership Agreements (EPA) and discussed the implications of Bangladesh’s entry into the Regional Comprehensive Economic Partnership (RCEP), offering recommendations for improving Bangladesh’s FTA policies.
SUK MIN KO, Managing Director of Prime Cap (BD) Limited of Korea, presented on enhancing Bangladesh’s manufacturing sector through Korean garment enterprises, focusing on the challenges and opportunities in the ready-made garment (RMG) industry.
A representative from Samsung Electronics discussed “National Equipment I
dentity Registration (NEIR) to Protect the Mobile Industry,” addressing the grey market and potential solutions. Woo Jung-Hyun from Korean Eximbank elaborated on the Economic Development Cooperation Fund (EDCF) and its role in financing development projects in Bangladesh.
Kim Si-Hyung, Director of the Korea Overseas Infrastructure and Urban Development Corporation (KIND), highlighted the importance of public-private partnerships (PPPs) in strengthening development cooperation in Bangladesh.