Mahbubur Rahman. President, DC Cl and leader of the S-member trade and Investment delegation now on a visit to Seoul. Korea held a meeting with Dr Chulsu Kim, President of the Korea Trade Promotion Corporation (KOTRA) recently. He was accompanied. among others, by Dr. Shah M. Farid, Executive Chairman. Board of Investment (BOI) and Bangladesh Ambassador to Korea H. E. Kazi Anwarul Masud

They apprised the KOTRA President about the new industrial Policy and investment opportunities offered by Bangladesh and requested him to heipincrease tnveatment in

The DCCI team on the same day attended the Bangladesh

Investment Promotion Seminar organised by Bangladesh Embassy in Seoul tn collaboration with KOTRA. Mr. Mahbubur Rahman, DC Cl President presented a paper on new industrial policy measures for foreign investment tn Bangladesh. In this address. Rahman mentioned that the new Bangladesh government ha* given top priority to the growth of a strong private sector through local and foreign Investment. In the Industrial policy various encouraging measures have been under taken for rapid industrial growth. He also mentioned that the opportunities for composite Textiles Mills, Leather, Electronics etc. and other items that has export

He also pointed out that the balance of trade between the two countries was very much unfavourable to Bangladesh for a very long time. Korean Investment In export oriented industries can easily offset this imbalance and at the **roe time it will help Korean manufacturer in Bangladesh to become more competitive in the

Mr. Rahman also mentioned that the central Bank of Korea has advised Small and Medium Industries to re-locate their enterprise* abroad because of high salary and ever-increasing shortage of workers. In thl* case Bangladesh is the moat suitable place compared to other countries at thl* time.

After the seminar, members

of the ih k g*firi*i Initiated in-divldual bu*inea* diafoffize with the prospective Korean com-ponies which wo* arranged by KOTRA both for trade and In-

On October 31. 1991 members of the DCCI delegation held two separate meetings with Korea Foreign Trade Association (KFTA) and Korea Federation of Small Business (KFSB) The Leader and the members of the delegation ap-prised them about the investment climate and incentives offered by Bangladesh for Foreign private investment. The DCCI President assured them that Dhaka Chamber as the largest representative body of the private sector shall extend all necessary support and co operation to the Foreign in;