Korean envoy meets with BEPZA chief, discusses ways to strengthen cooperation in EPZs

Diplomatic Correspondent

7th March, 2021 06:53:30 printer

Korean envoy meets with BEPZA chief, discusses ways to strengthen cooperation in EPZs

Korean Ambassador Lee Jang-keun met with Major General Md Nazrul Islam, Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA) on Sunday (Mar 7) and discussed about more investment and diversification of industries in EPZs.

Noting that Korean companies have greatly contributed to the development of Bangladesh’s RMG industry since the 1970s and that Korea is one of the top investors to EPZs with 70 Korean companies in operation, in which more than 60,000 Bangladeshi employees are working.

The cumulative Korean investment in the EPZs is around $900 million, said a press release.

The Korean envoy and the Executive Chairman of BEPZA agreed to work together to invite more investment from South Korea to take advantage of Bangladesh's abundant workforce and promising business opportunities.

The two also agreed that Korean investors should now look beyond the RMG sector and highlighted their commitment to promote the diversification of industries in EPZs.

Major General Md Nazrul Islam made assurances that BEPZA will continue to enhance EPZ's business-friendly environment and will make its utmost efforts to support and fulfill the needs of Korean investors.

KOTRA Trade Representative Mr. Dong Hyon Kim was also present at the meeting. 


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