Tipu urges South Korea to provide duty free trade facilities
Published: 07:05 PM, 10 February 2021
Commerce Minister Tipu Munshi today urged South Korea to provide duty free market access for increasing exports.
“South Korea is a friend of Bangladesh. Many South Korean businesses are operating in Bangladesh. There is a huge demand for many South Korean products in Bangladesh. Many South Korean entrepreneurs have already invested in the country. There is an opportunity to increase this investment,” he said.
The minister said this while meeting with South Korean Ambassador to Bangladesh Lee Jangkeun in the secretariat in the city, said a press release.
Tipu said South Korea is a partner in Bangladesh’s development activities. Besides manufacturing, readymade garments and electronic products, he informed, South Korea is also playing an important role in the construction work in Bangladesh. The Commerce Minister said there is a huge opportunity to increase trade and investment between the two countries.
Lee Jangkeun said that Bangladesh is a friend of South Korea and a big business partner. “There are many South Korean businesses and investments in Bangladesh. South Korea is also contributing to the development activities of Bangladesh,” he added.
He said there are a lot of opportunities to increase trade and investment in Bangladesh and South Korea wants to take advantage of the opportunities.
He informed that South Korea is working to increase investment in Bangladesh. Lauding Bangladesh for tackling the Covid-19 situation, the ambassador said that South Korea is with Bangladesh in this situation.