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's Ambassador to Bangladesh, Mr Park Young-sik, on Monday afternoon at the Adviser’s 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 (FTA), and expanding South Korean investments in Bangladesh.

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Bashiruddin highlighted that the recent student-led uprising in Bangladesh has opened new horizons of potential, underscoring that the nation cannot afford to regress.

He said the government's achievements in its first 100 days have 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's light engineering and leather industries, as well as in the country's export processing zones (EPZs).

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Ambassador Park commended Bangladesh’s large youth population, noting that South Korea is eager to contribute to their technological skill development.

He shared details of South Korea's ongoing initiatives to create a skilled workforce through technical training centres.

The Ambassador also pointed out that, unlike other nations that target select sectors for investment in Bangladesh, South Korea has already diversified its investments across multiple sectors.

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He assured that South Korean investments in Bangladesh would continue to grow in the future.