Bangladesh currently offers a favourable environment for trade and commerce, and South Korean investors are likely to increase their investments in the country, says commerce adviser Sk Bashiruddin.
During a courtesy meeting with South Korea鈥檚 ambassador to Bangladesh Park Young-sik Monday afternoon at the adviser鈥檚 office, he expressed optimism about strengthening bilateral ties and fostering investment opportunities.
The discussion centred on enhancing bilateral trade, exploring the possibility of a free trade agreement, and expanding South Korean investments in Bangladesh.
Bashiruddin highlighted that the recent student-led uprising in Bangladesh had opened new horizons of potential, underscoring that the nation cannot afford to regress.
He said that the government鈥檚 achievements in its first 100 days had met public expectations.
The adviser emphasised that a Bangladesh-Korea FTA would be mutually beneficial, leading to expanded trade relations and improved people-to-people connections.
He encouraged the South Korean ambassador to focus on increasing investments in Bangladesh鈥檚 light engineering and leather industries, as well as in the country鈥檚 export processing zones.
Ambassador Park commended Bangladesh鈥檚 large youth population, noting that South Korea was eager to contribute to their technological skill development.
He shared details of South Korea鈥檚 ongoing initiatives to create a skilled workforce through technical training centres.
The envoy also pointed out that unlike other nations who targeted selective sectors for investment in Bangladesh, South Korea had already diversified its investments across multiple sectors.
He assured that South Korean investments in Bangladesh would continue to grow in the future.