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Seoul to Ease Visa Process for Bangladeshi, Ambasador Cho Tae-Young Says
By Ataur Rahman
Bangladesh Correspondent
Amb. Cho Tae-Young

Bangladesh — The Republic of Korea (ROK) will simplify its visa procedures as part of its endeavors to promote bilateral and trade ties with Bangladesh, Mr. Cho Tai-Young, ambassador of the Republic of Korea here on Nov. 1, 2010 at Dhaka.

"The new visa rule would usher in a new era for expansion of both trade and education," he said at a seminar on "Investment Climate in Bangladesh and State of Economy", organized by Federation of Bangladesh Chambers of Commerce and Industries (FBCCI).

Ambassador Cho said that steps are underway to ease the visa procedures for businessmen and students so that these communities could travel to South Korea smoothly. The visa process for other categories would also be eased, he added.

Cho appreciated the government's move for power generation and expressed the hope that investments would pour in Bangladesh provided expected results were derived from the power projects.

He acknowledged the trade gap in favor of Korea and said that the big gap could be minimized through further improvement of quality of Bangladesh products and expansion of its export basket.

He said that South Korea has provided duty-free access of 251 products including readymade garments to Korean markets this year and hoped that his country's investment to Bangladesh would soar to 1 billion US dollars next year. The current Korean investment is now around 689 million US dollars.

FBCCI President AK Azad chaired the seminar, which was also addressed by Korea-Bangladesh Economic Cooperation Chairman Kiyak Fung, FBCCI Vice President Mostafa Azad Chowdhury Babu, FBCCI Director ASM Mohiuddin Monem.

Member of the Board of Investment Mohammad Liakat Ali presented the keynote paper.

South Korea has imported Bangladesh products worth 140.28 million US dollars in fiscal 2009-10 against an export volume of 838.38 million dollars during the July-June period.

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Mr. Ataur Rahman serves as Bangladesh Correspondent for The Seoul Times. He earned his Master of Commerce degree from Dhaka University in 1985. Mr. Rahman has vast journalistic experience including his stints at "The Daily Janata" and "The Dainik Bangla."






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