- Tuesday, April 23, 2024
By: Shilpa Sharma
BANGLADESH and South Korea identified three sectors—pharmaceutical, biotech and information and communication technology (ICT)—to further expand cooperation.
Representatives of the government and other trade bodies of both Bangladesh and South Korea took part in a virtual meeting last week, to discuss steps to strengthen the existing partnership between the two countries.
The webinar titled ‘Bangladesh and ROK: Trade and Investment Opportunities’, was organised by the embassy of Bangladesh in Seoul and moderated by Bangladesh ambassador to South Korea Abida Islam.
South Korean ambassador to Bangladesh Lee Jang-keun highlighted the existing challenges in bilateral trade and investment.
He called upon the relevant businessmen and investors of both the countries to explore opportunities and tap potentials of the three sectors to further deepen the bilateral relationship.
Lee noted that South Korea played a key role in developing Bangladesh’s readymade garments sector, and the country has now become the world’s second-largest exporter.
Trade relation between the two countries have strengthened in recent times.
On June 15, South Korea announced to provide $700 million (£496m) in concessional loans to Bangladesh under the Economic Development Cooperation Fund.
