Industry

S Korea, BGMEA for seizing opportunities through better trade, investment cooperation

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has called for intensifying cooperation and collaboration between Dhaka and Seoul to realise the full potential of bilateral trade.

Many opportunities lie ahead for Bangladesh and South Korea that could be seized through better cooperation in trade and investment, BGMEA President Faruque Hassan said while exchanging views with South Korean Ambassador to Bangladesh Lee Jang-keun in the capital Sunday.

Faruque recalled South Korea’s contribution to Bangladesh’s apparel industry, especially in the early stage of its development.

He also thanked the east Asian nation for allowing duty-free access to Bangladesh’s ready-made garment (RMG) products in its market.

The BGMEA president requested Ambassador Lee to encourage Korean businessmen to invest in the backward linkage industry of Bangladesh – namely, in non-cotton textile.

Lee and Faruque expressed willingness to work together to deepen and strengthen the bilateral business ties based on the successful collaboration in the RMG sector.

They agreed on increasing interchanges between the embassy and the BGMEA – especially in jointly commemorating the 50th anniversary of the establishment of diplomatic ties between the two countries next year.

Chairman of BGMEA Standing Committee on Scheduled Bank Md Israfil Atique and Chairman of BGMEA Standing Committee on Trade Fair Mohammed Kamal Uddin were also present.

Source: United News of Bangladesh