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Showcase Korea 2018 trade fair ends

  • Published at 12:36 am October 21st, 2018
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A showcase Korea trade fair ends yesterday at the International Convention City Bashundhara in Dhaka Rajib Dhar/Dhaka Tribune

The trade fair was organized by the Korea Bangladesh Chamber of Commerce and Industry (KBCCI) in association with the Embassy of the Republic of Korea in Dhaka

The concluding day of the Showcase Korea 2018 trade fair saw good visitor turnout at the International Convention City Bashundhara in Dhaka yesterday.

The trade fair was organized by the Korea Bangladesh Chamber of Commerce and Industry (KBCCI) in association with the Embassy of the Republic of Korea in Dhaka, with the aim of promoting bilateral trade and strengthening business relations between Bangladesh and Korea.

More than 100 stalls were set up to display various Korean products at the fair, including electronics, automobiles, and textile machinery. 

Exhibitors said they got a better response from customers at this year’s fair compared to last year.

In addition to introducing new products and strengthening business relations between Korea and Bangladesh, the fair also served as a gathering place for Korean companies, the exhibitors added.

Mashrur Ahmed Menon, Assistant Manager (Sales and Marketing) of Hyundai distributor HNS Automobiles Ltd, said: “Korean trucks and buses are in huge demand in the country. We actually sell Korean products manufactured in Indonesia. We got a good response at the exhibition.”

“We want to attract more customers through such trade fairs. Our bus and truck tires are also in high demand, as they are eco-friendly, lead to more efficient fuel consumption, have advanced groove designs, and perform well in wet conditions,” he added. 

Abul Awal, a visitor from the Kakrail area of the capital, said he visited the exhibition to see new elevator and generator models. “I was informed that some new elevators were being exhibited here, and that’s why I came. If I find one which is suitable, I will order it for our factory.”

Jong Won Kim, director general of Korea Trade Investment Promotion Agency (KOTRA), said 115 Korean companies are currently working in Bangladesh and have invested a total of $471.5 million.

Korean investment in Bangladesh will increase in the near future, he added.

Trade fair Organizing Committee Chairman Shahab Uddin Khan also told Dhaka Tribune that the fair would help promote Korean investment in Bangladesh. “We have imported $1.5 billion worth of goods from Korea, while we have earned only $238.23 million from exports. This trade fair will help minimize the trade gap.”

“As there is an imbalance in the trade relationship between the two countries, we are trying to reduce the imbalance by organizing such a fair. Bangladesh will organize a similar trade fair in Korea for the first time in 2019, to promote Bangladeshi products to Korean consumers,” he further said.