Bangladesh and South Korea have great potential to derive more mutual trade benefits through collaboration, especially in the area of apparel and textile industry, said Faruque Hassan, President of BGMEA.  

“There are huge opportunities for Bangladesh and South Korea to further engage in trade and investment and develop mutually beneficial economic ties,” he remarked during a meeting Ambassador of South Korea to Bangladesh Lee Jang-keun who paid a courtesy visit to BGMEA in Gulshan, Dhaka on January 16. 

BGMEA Vice Presidents Shahidullah Azim and Miran Ali, First Secretary of the Embassy of South Korea Lee Jungyoul, and former President of Dhaka Chamber of Commerce and Industry (DCCI) Shams Mahmud were also present at the meeting.

They had discussions about 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 Fauque Hassan requested Ambassador Lee Jang-keun to encourage Korean businessmen to invest in backward linkage industry of Bangladesh, especially the non-cotton textile sector. 

The Korean envoy pointed to extending incentive facility to RMG factories inside export processing zone (EPZ) against their exports to new markets. 

BGMEA President Faruque Hassan expressed thanks to the Ambassador of Korea for his visit and showing interest of collaboration in increasing mutual trade between the two Asian countries.