3 sectors identified to strengthen Bangladesh-Korea trade relations

Speakers attend a webinar titled “Bangladesh and the Republic of Korea: Trade and Investment Opportunities” hosted by the Embassy of Bangladesh in Seoul on June 16, 2021

Plans developed to chart the way forward to expand cooperation in these flourishing sectors

Speakers at a webinar on Wednesday stressed the need to foster more collaborative engagement in flourishing sectors, especially ICT, pharmaceuticals and biotechnology, with the aim of deepening and strengthening the existing partnership between Bangladesh and South Korea.

The virtual meeting brought together dignitaries and officials from government and other business organizations from Bangladesh and South Korea and provided an update on existing bilateral economic cooperation.

Prime Minister’s Advisor on Private Investment and Industry Salman F Rahman, who attended as a key guest, reflected on Bangladesh’s achievements and potentials in the sectors and provided advice, recommendations and future directions of engagement in promoting cooperation in the pharmaceutical and bio industry and the ICT sector.

The webinar titled “Bangladesh and the Republic of Korea: Trade and Investment Opportunities” was hosted by the Embassy of Bangladesh in Seoul and moderated by the Ambassador of Bangladesh to South Korea, Abida Islam.

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He discussed and exchanged views on existing trends in bilateral cooperation, especially in the pharmaceutical, biotechnology and ICT sectors, as well as on planning future steps to expand cooperation in these flourishing sectors.

Mostafa Abid Khan, former member of the Bangladesh Trade and Tariff Commission, was the keynote speaker.

South Korean Ambassador to Bangladesh Lee Jang-keun highlighted the challenges existing in bilateral trade and investment and called on relevant businessmen and investors from both countries to explore the opportunities and exploit the potentials of the above sectors to further deepen existing bilateral relations.

Panelists for the webinar from the Bangladesh side included Md. Sirazul Islam, Executive Chairman of the Bangladesh Investment Development Authority (BIDA), Paban Chowdhury, Executive Chairman of the Bangladesh Economic Zone Authority (BEZA), Sultana Afroz, Secretary and CEO, Public Private Partnership Authority (PPPA), Major General Md. Nazrul Islam, Executive Chairman, Bangladesh Export Processing Zones Authority (BEPZA), Bikarna Kumar Ghosh, General Manager (Secretary) Bangladesh Hi-Tech Park Authority, Partha Pratim Deb, Executive Director, Bangladesh Computer Council, Md Jashim Uddin, President, Federation of Bangladesh Chambers of Commerce and Industry (FBBCI) and Syed Almas Kabir, President of Bangladesh Software and Information Services Association (BASIS).

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The speakers from the Korean side were Hong Kwang Hee, president of the Korea Importers Association (KOIMA), Hakhee JO, vice-president of the Korea International Trade Association (KITA) and Kihak Sung, president of the Youngone Corporation.

The Bio and Pharmaceuticals sectors of Bangladesh and the Republic of Korea were represented by Abdul Muktadir, President, INCEPTA Pharmaceuticals Ltd. and Arif Dowla, Group Managing Director, ACI Pharmaceuticals Ltd, Professor Keeseon S Eom, Chairman of the International Parasite Resource Bank, JeyKey Lee, Director, GIG International Co. Ltd. and Choi Sun-hee, CAC Trading Co. Ltd.

Representatives of ICT-related companies from both countries, such as Lee Jangho, General Manager of Samsung S1 Corporation, Enayetur Rahman, CEO of ULKASEMI, MN Islam, CEO of TiCon System Ltd., also spoke at the webinar. The representative of the HSBC bank branch in Dhaka, Shadab Hossain, also spoke.

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