Posted : 2009-03-25 21:39
Updated : 2009-03-25 21:39

Export Processing Zone Exclusive for Korea

Ambassador to Korea
Shahidul Islam
Bangladeshi Ambassador to Seoul Shahidul Islam contributed the following article on the occasion of the country's 39th Independence and National Day, which falls on today. ― ED.

It is my great honor and pleasure to extend warm greetings and best wishes to Bangladeshi expatriates community and to the Government and friendly people of the Republic of Korea on the auspicious occasion of the Independence and National Day of Bangladesh.

We recall with pride the supreme sacrifices made by millions of valiant freedom fighters and martyrs for the independence of Bangladesh and pray for the salvation of their departed souls.

This is the day we renew our pledge to materialize the dream of a prosperous Bangladesh as conceived by Father of the Nation, Bangabndhu Sheikh Mujibur Rahman, who led the country to independence.

We have started this year with a democratically elected government under the leadership of Prime Minister Sheikh Hasina. This has opened up new vistas to further expand and deepen Bangladesh-Korea relations in all areas through improved political understanding and cooperation, stronger economic partnership and closer people-to-people contact.

I take this opportunity to welcome friendly Korean government, Korean private sector organizations and business bodies to become partners in the massive nation-building efforts of the present government in Bangladesh as reflected in its Charter of Change for attaining Vision-2021.

Bangladesh attaches great importance to its relations with Korea.

The two countries have developed close cooperation through trade, investment, development cooperation, education and cultural exchange, and a broad spectrum of people-to-people contact.

The people of Bangladesh admire Korea's success in attaining rapid economic and social development and believe that Bangladesh can benefit from the Korean development experience.

It is heartening to see that Korean investors have played an important role in the growth and expansion of the textile and ready-made garment industry in Bangladesh.

Currently, efforts are being made to establish collaboration between the shipbuilding industries of the two countries so that the emerging shipbuilding industry in Bangladesh can also benefit from the Korean expertise in this area.

In the coming years, we would like to see more Korean firms taking interest in our infrastructure building efforts, including the power and energy sector and roads and railways.

People-to-people contact will continue to increase with the growing economic cooperation.

A considerable number of Korean citizens are living in Bangladesh with business and investment connections, making Korean nationals the largest foreign community in Bangladesh.

In addition, a Korean company, namely, Youngone Corporation, has established a special Korean Export Processing Zone (KEPZ) in the port city of Chittagong.

The KEPZ is built on a land area of nearly 1,000 hectares and is expected to attract foreign direct investment worth $1 billion.

On the other hand, some 12,000 Bangladesh nationals are living in Korea and taking part in the economic activities of this country. More and more Bangladeshi nationals are learning the Korean language to come and work in this country.

On this auspicious occasion, I express my hope that the warm and friendly relations between Bangladesh and Korea will further expand in depth and dimension in the years ahead.
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