Standard Chartered, embassy of the Republic of Korea to Bangladesh, Bangladesh Investment Development Authority, the Bangladesh Bank and Korea-Bangladesh Chamber of Commerce and Industries at a recent dialogue discussed actions that could be taken to promote and drive Korean business activity in Bangladesh, according to a press release.聽聽
The dialogue titled 鈥楾hrive in Bangladesh: Actionable insights and solutions for Korean businesses鈥� focused on driving collaboration and facilitating development of infrastructure, trade, investment flows and sustainable finance.
Naser Ezaz Bijoy, chief executive officer of Standard Chartered Bangladesh, said, 鈥楢s the fourth largest source of foreign direct investment for Bangladesh, South Korea makes significant contributions, particularly in trade, investment, landmark infrastructure projects, and manufacturing.鈥�
鈥楽tandard Chartered has been a vital stakeholder in the flourishing partnership between our two nations. Yet, the potential for further diversification remains vast. Despite the existing challenges, I firmly believe that by effectively managing exchange rate volatility and leveraging arbitrage opportunities, we can fortify the economic prospects for both Bangladesh and Korea,鈥� he added.
Park Young-sik, ambassador of the Republic of Korea to Bangladesh, stated, 鈥楰orea aims to establish long-term, strategic relations with Bangladesh, focusing on sustainable gains and realistic commitments.鈥�
鈥榃hile Bangladesh offers competitive labour costs, technology is increasingly important. To attract foreign investors, Bangladesh must improve its business climate. Pursuing qualitative economic growth requires transparency, accountability, and collaboration between the government and the private sector,鈥� he said.
BIDA executive member (investment promotion) Mohsina Yasmin, Korea Trade-Investment Promotion Agency director general Samsoo Kim and Bangladesh Bank foreign exchange investment department director Abu Saleh Mohammad Shahab Uddin, among others, were present.
