“South Korea is planning huge investments for Bangladesh,” he said in a statement issued after his meeting with Ambassador Ahn Seong-doo at the Secretariat on Monday. “Besides the Korean Export Processing Zone, South Korea is planning to invest in special economic zones announced by Prime Minister Sheikh Hasina.”Trade with the East Asian nation stands at $1.5 billion, said the commerce minister. “South Korea feels it is more profitable to export products made in Bangladeshi factories.”In fiscal 2016-17, Bangladesh has fetched $238 million in exports to South Korea, and imported goods worth $1.27 billion. South Korea allows duty and quota-free entry for a range of Bangladeshi products, said Tofail. Two-way trade will be boosted to reduce trade gap.”

Source: bd News24 October 23, 2017 15:11 UTC