South Korean Ambassador to Bangladesh Park Young-sik at the moment time (28 September) reiterated his nation’s dedication to continuing its lengthy-standing cooperation with Bangladesh.
“Korea is though-provoking to be an crucial partner in Dhaka’s economic development, as we now own got already accomplished in the RMG sector,” he said, calling for creating more improved change atmosphere in Bangladesh to plan further foreign investment.
The envoy additionally said South Korea is fervent to elongate its investment in Bangladesh.
He made the remarks during a glimpse alternate with individuals of the Diplomatic Correspondents Affiliation of Bangladesh (DCAB) while visiting the Korean Export Processing Zone (KEPZ) advance Chattogram.
Park said, “The enchancment of a change-pleasant, predictable and stable atmosphere must be one in every of the stop priorities amongst the intervening time executive’s tasks in characterize to plan more foreign investment”.
He said the Korean Embassy in Dhaka is fervent to have interaction in further discussions with the intervening time executive on making improvements to the investment native climate.
Park additionally highlighted Bangladesh’s solid allege seemingly, citing its in style annual economic allege rate of over 5% for the past twenty years.
He expressed optimism that Bangladesh’s upcoming graduation from Least Developed Country (LDC) position in 2026 will abet attract well-known foreign capital well-known for sustainable development.
The ambassador additionally underscored the significance of the continuing discussions relating to the Economic Partnership Settlement (EPA) between the two international locations.
“This EPA will no longer most productive lengthen the Generalized Machine of Preferences (GSP) advantages Korea for the time being gives to Bangladesh nonetheless will succor bilateral change and investment for mutual revenue,” he added.
At the moment, he said a rare series of initiatives are under discussions with the Bangladesh executive by means of the Economic Pattern Cooperation Fund, relaxed loans from the Korean executive, or the Public-Non-public Partnership mechanism.
The Korean Embassy anticipated that the continuing initiatives will create relaxed development and greatly contribute to the event of infrastructure in Bangladesh.
“Korean firms attain no longer prolong any mission intentionally or inflate the price of the mission intentionally, and they middle of attention on neatly timed completion,” said the ambassador.
He further said both international locations can promote bilateral collaboration in original areas care for footwear, light industries, ICT, prescribed capsules, shipbuilding, blue economy and deep-sea fishing, agriculture and agricultural machinery, greenhouse and carbon shopping and selling schemes.
“Korean firms own original skills, while Bangladeshi firms can initiating up original firms,” said the envoy.
KEPZ President Jahangir Saadat and DCAB President Nurul Islam Hasib additionally spoke at the occasion, focusing on the deepening of business ties between the two international locations.
