BIDA and South Korea Explore New Investment Opportunities Under CEPA
News Summary
South Korea's Trade Minister, Yeo Han-koo, and Bangladesh's BIDA Chairman, Ashiq Chowdhury, met in Seoul to discuss the CEPA roadmap. Both were optimistic the agreement will boost Korean investment in sectors like electronics, energy, textiles, and infrastructure. Korea is already a top-five investor in Bangladesh.
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A productive meeting took place in Seoul between South Korea’s Minister for Trade, Yeo Han-koo, and Bangladesh Investment Development Authority (BIDA) Executive Chairman, Ashiq Chowdhury, focusing on the future roadmap of the Comprehensive Economic Partnership Agreement (CEPA). Both sides expressed optimism that the agreement will open new avenues for Korean investment in Bangladesh.
Minister Yeo—who previously visited Bangladesh several times during his tenure at the World Bank—praised the country’s remarkable progress and expressed his hope that Korea would continue to be a close partner in this journey of transformation.
BIDA Executive Chairman Ashiq Chowdhury stated, “We want to see Korean investment expand further across sectors such as electronics, renewable energy, mobility, textiles, and infrastructure. BIDA remains committed to structural reforms that make Bangladesh more investor-friendly.”
Currently, South Korea has invested USD 1.56 billion in Bangladesh through over 150 companies, making it one of the top five sources of foreign investment. Globally, South Korea ranks among the top 10 FDI source countries, reflecting its strategic importance as a development partner for Bangladesh.
