In Seoul, the Korea Packaging Association (KOPA) and the Korea Importers Association (KOIMA) recently signed agreements with the Korea-Bangladesh Chamber of Commerce & Industry (KBCCI).
A KBCCI delegation travelled to South Korea for five days from September 9–13, under the direction of Bangladeshi ambassador Park Young-sik. The delegation consisted of the KBCCI president, Shahab Uddin Khan; an adviser, Mostafa Kamal; the CEO, Do Kee Park (Harry); and two directors, Chaitanya Kumar Dey Chayan and Shameem Ahsan Khan.
The KBCCI inked a number of memoranda of understanding (MoU) with Korean business organisations while there. The goal of the MoU with KOPA is to provide a framework for cooperation between KBCCI and KOPA and to encourage growth in the packaging sectors of both nations.
The purpose of the MoU with KOIMA is to provide a framework for collaboration aimed at enhancing foreign trade between the two nations. The Memorandum of Understanding (MoU) focusses on a number of important areas of collaboration, including joint ventures, direct investment, technology transfer, and information sharing.
KBCCI hosted two sessions with the Korea International Cooperation Agency (KOICA) and the Federation of Korean Industries (FKI) at its Seoul offices during the visit.
The delegation attended strategic talks with FKI and KOICA and successfully signed Memoranda of Understandings (MoUs) with KOPA and KOIMA, according to the news release. These steps lay the foundation for upcoming sectors partnerships that will spur growth, encourage innovation, and open up new doors for both nations.