Business Desk :
Korea Trade-Investment Promotion Agency (KOTRA) explored new avenues of trade and investment between the nations with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Tuesday, aiming to benefit both economies.
Trade Representative (Director General) of the Commercial Section at the Embassy of the Republic of Korea Samsoo Kim and KOTRA Chief Specialist in Dhaka Faruque Ahmed held a discussion with BGMEA President Faruque Hassan in this regard, read a press release.
They had discussions about possible ways of establishing robust connections between businesses in Bangladesh and Korea, allowing them to explore their mutually beneficial trade and investment potential.
Expressing keen in strengthening ties with Korea, BGMEA President Faruque Hassan urged KOTRA to encourage Korean businessmen to invest in Bangladesh’s backward linkage industry, with a particular emphasis on the non-cotton textile sector, including polyester and spandex yarn.
Collaboration between Bangladesh and Korea, especially in the apparel and textile sector holds the promise of creating new opportunities for businesses in both countries, he said.
He also sought cooperation of KOTRA in developing capacity of BGMEA University of Fashion and Technology (BUFT) in textile, apparel, fashion and business through collaboration with leading Korean fashion institutes.
Faruque Hassan called for KOTRA’s cooperation in boosting garment exports from Bangladesh to Korea.
