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S Korea to consider duty-free access to Bangla products

17
Jul '19
S Korea to consider duty-free access to Bangla products
South Korean Prime Minister Lee Nak-yon recently assured Bangladesh of considering duty-free and quota-free market access for all Bangladeshi products as the bilateral trade was heavily tilted towards South Korea. The assurance came during the official summit talks between Prime Minister Sheikh Hasina and her South Korean counterpart in Dhaka.

The Korean side has earmarked $1 billion from the Overseas Development Assistance fund for Bangladesh for 2020.

Issues like trade, commerce, investment, technical cooperation and the Rohingya refugees were discussed at the summit, according to Bangla media reports.

Hasina urged South Korea to import woven garments, pharmaceuticals, knitwear, jute and jute products, leather and leather goods, frozen food and ceramic items from Bangladesh.

The Korean side was eager to cooperate with Bangladesh in energy, information and communication technology and defence.

Three instruments were signed between both sides after the talks. (DS)

Fibre2Fashion News Desk – India


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