• KITA Held 'Korea-Bangladesh Business Forum'
    2019-07-15 hit 905

    KITA Held 'Korea-Bangladesh Business Forum'


    - Some 250 government officials and business people from the two countries, including Prime Minister Lee Nak-yeon and the Minister of Industry attended the event -



    The Korea International Trade Association (Chairman, Kim Young-joo) held the 'Korea-Bangladesh Business Forum' in Dhaka, Bangladesh, in cooperation with the Federation of Bangladesh Chambers of Commerce and Industry on July 14th (local time).


    More than 250 people, including Prime Minister Lee Nak-yeon, Chairman Kim Young-joo of the Korea International Trade Association, and the Minister Nurul Majid Mahmud Humayun of industries of Bangladesh as well as government officials and businessmen from both countries, participated in the event, which was held under the theme of ‘Promoting Business Ties Today, Bringing Mutual Prosperity Tomorrow’.  


    Kim Young-joo, chairman of the Korea Trade Association, said, "Recently, thanks to the boom in manufacturing investment and service industry in Bangladesh, joint ventures are active in various fields such as food processing, franchising and manufacturing. He stressed, Let’s have mutual prosperity of tomorrow through the exchanges and convergences in a variety of areas including economy, culture and people.


    In his keynote speech, Prime Minister Lee Nak-yeon said, "In order to continuously develop bilateral relations, we need to expand the areas of cooperation from existing textile and apparel sectors to the advanced industries such as semiconductors, displays and smart phones that Korea has competitiveness. He also mentioned, The Korean government and companies will continue to work together as a partner in the development of and the leap forward of Bangladesh.


    In the forum, the presentations on the New Southern Policy and, plans and vision for the bilateral cooperation and success stories of construction and telecommunication sectors were carried out.. While the forum was taking place, the Korea International Trade Association and the Federation of Bangladesh Chambers of Commerce & Industry signed the ‘Memorandum of Understanding (MoU) for civilian cooperation, such as exchange of information on investment and trade and exchange of economic delegations’.


    The forum was attended by 150 participates from 68 companies and organizations, including government officials such as Korean Prime Minister Lee Nak-Youn and Chairman Kim Young-joo of the Korea International Trade Association, the organizer of the forum, Deputy Minister Lee Tae-ho of Foreign Affairs, the president Kwon Pyung-oh of KOTRA, and the Korea Trade Commission’s Standing Commissioner Kang Myung-soo, and Samsung Electronics, SK Broadband, KT, Hanwha, and GS Global. 


    From Bangladesh, 100 participants such as the government officials, including the Minister Nurul Majid Mahmud Humayun of industries, the Minister Tipu Munshi of Commerce, Salman F. Rahman, Advisor Honorable Prime Minister to the Private Industry and Investment and the president Sheikh Fazle Fahim of the Federation of Bangladesh Chambers of Commerce and Industry and chairman Muhammed Aziz Khan of Summit Power International, Bangladesh's largest private power developer, chairman Hafizur Rahman Khan of Runner Motors, the exclusive deader of India’s Eicher Motors, and chairman Salahuddin Alamgir of Labib Group, one of the leading garment exporters, took part in the forum.


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