During a high-level meeting with Park Young-Sik, South Korea’s Ambassador to Bangladesh in Dhaka, Mahmud Hasan Khan Babu, President, Bangladesh Garment Manufacturers and Exporters Association (BGMEA), emphasized, South Korea’s exports of MMF, textile machinery and chemical dyes hold significant potential for Bangladesh.
Babu stated, South Korea represents a promising market for Bangladeshi apparel exports, offering significant opportunities for mutually beneficial trade. Both sides affirmed, a future Free Trade Agreement (FTA) or Economic Partnership Agreement (EPA) could substantially boost bilateral trade, which currently remains below $2 billion annually.
Official data from Bangladesh's Export Promotion Bureau (EPB) and Bangladesh Bank (BB) indicates, Bangladesh exported $492 million worth of goods to South Korea in FY2025, while importing $902 million from the East Asian nation in FY2023.
On his part, Ambassador Park highlighted the importance of policy alignment between Bangladesh's Export Processing Zones Act 2019 and the Labor Act 2006 to create a more attractive investment climate. He also stressed on the need to enhance labor productivity and operational efficiency at the Chattogram Port to ensure smoother trade operations.
Babu called for better market intelligence sharing and stronger business-to-business connections between companies in both countries. The meeting included BGMEA Vice President Md Shehab Udduza Chowdhury and other industry leaders, alongside South Korean trade officials.
