TAD Logistics has introduced direct cargo flights on ‘Air Incheon-Korean Airlines’ from Bangladesh to South Korea.
Md. Ashikur Rahman Tuhin, the managing director of TAD Group, said, “Our export process would increase its earnings with the aid of the cargo flights, and this direct flight will run twice a week. Based on demand from the market, we intend to increase the number of flights on the route to five per week.”
He said now keeping up with market demand and keeping an eye on business continuity, entrepreneurs are looking for reliable alternatives to import and export products.
This service will save time and guarantee a single-day arrival for any urgent goods, he added.
Exports of perishable goods from Bangladesh will rise as a result.
The biggest exports from Bangladesh to South Korea include leather, leather goods, crabs, RMG, fish, and human hair, said a media release on Tuesday.
According to the Bangladesh Garments Manufacturers and Exporters Association (BGMEA), apparel, including a diverse basket of items such as underwear, denim, shirts, jackets and pullovers, expects to export $1 billion to Korea this fiscal year.
With apparel manufacturing increasingly moving out of China due to rising costs, Bangladeshi entrepreneurs now have an opportunity to capture the Korean market, which currently sources 34% of its clothing from Beijing.
In data published by Export Promotion Bureau (EPB), since 2017, Bangladesh’s share of the Korean clothing market has been growing but at a slow pace and reached a little over 4% with export earnings of $440 million in FY22.
Source: United News of Bangladesh