Foreign investors in Bangladesh called for an uninterrupted supply chain and quicker cargo clearance processes, emphasizing these as crucial for smoother business operations.
At a seminar organized by the Foreign Investors' Chamber of Commerce and Industry (FICCI) in partnership with the Embassy of the Republic of Korea, investors also highlighted the need for asset security against financial risks and protection from factory-related violence.
Held in a Gulshan hotel, the seminar titled "Korea-Bangladesh Economic Cooperation" brought together leaders and officials to discuss a forward-looking economic collaboration model between South Korea and Bangladesh.
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Adilur Rahman Khan, Adviser to the Ministries of Industries and Housing & Public Works, attended as the Chief Guest, underscoring the government’s commitment to fostering international business relations. Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Export Processing Zones Authority (BEZA), served as the Special Guest.
“Strengthening economic ties with Korea is vital for Bangladesh's development,” Khan said. “This seminar lays the groundwork for a collaboration that will benefit both nations and enhance investment opportunities.”
Chowdhury Ashik Mahmud Bin Harun echoed the sentiment, expressing optimism about South Korean investments. “We are excited about the prospects of Korean investment in our industries, particularly in sectors like manufacturing and technology. Together, we can create a robust framework for economic growth,” he said.
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The event featured key figures from the Korean Embassy, Korea Trade-Investment Promotion Agency (KOTRA), KBCCI, KExim Bank, KIND, and representatives from various Korean and Bangladeshi businesses. They collectively explored avenues to deepen economic cooperation and foster investment opportunities.
FICCI President Zaved Akhtar acknowledged the Embassy of the Republic of Korea and the Korea-Bangladesh Chamber of Commerce & Industry (KBCCI) for their partnership in organizing the event. Akhtar emphasized that a collaborative approach between FICCI and international stakeholders is essential to drive innovation and development, thus unlocking new investment avenues in Bangladesh.
Shahab Uddin Khan, President of KBCCI, expressed gratitude to FICCI for its dedication to promoting international economic ties, which, he noted, are essential in attracting more foreign direct investment (FDI) into Bangladesh. “Seminars and dialogue like these serve as vital platforms for driving economic cooperation,” he remarked. “Looking ahead, the KBCCI is eager to continue partnering with FICCI to champion the interests of businesses and promote economic growth in the region.”
Keynote speaker Samsoo Kim, Director General of KOTRA, presented on "Increasing FDI in Bangladesh through Korea's Success Factors," offering insights based on Korea’s own successful FDI strategies. He highlighted the importance of strengthening trade and investment ties, emphasizing that Bangladesh could benefit significantly by adopting similar policies.