South Korea promotes “TIPF” with Bangladesh, which has a “population of 170 million”

South Korea will promote the conclusion of the Trade and Investment Facilitation Framework (TIPF) with Bangladesh, which has a population of 170,000. Since 2016, Bangladesh, whose domestic demand market is expanding, has
The country is growing rapidly, with an average annual economic growth rate of 7%. South Korea's Ministry of Industry and Trade Support (Ministry) said, ``Jung In-kyo, Director of the Trade Negotiations Headquarters, and a joint public-private mission visited South Korea.
Bangladeshi Industries Minister Humayun met at a hotel in Seoul on the 22nd and discussed ways to strengthen economic cooperation between the two countries, including expanding trade and investment.
Director Chung said, ``We will increase the added value of the textile industry, which has been the main area of cooperation between the two countries, and expand cooperation in many areas such as digital and carbon neutrality.
"Let's deepen our ties and further raise the level of economic cooperation between our two countries." He then emphasized the importance of the conclusion of the TIPF, a new economic cooperation platform, to support these efforts.
Meanwhile, Industry Minister Humayun expressed his intention to ``share Korea's economic development experience,'' and said, ``We will actively support Korean-invested companies so that they can conduct stable business operations in Bangladesh.''