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Commerce Minister Yeo Han-koo, left within the again row, holds talks with Bangladesh ambassador to Korea Toufiq Islam Shatil, proper within the again row, in Seoul, Aug. 29, 2025. Courtesy of Ministry of Commerce, Business and Sources
Korea and Bangladesh are set to carry their second spherical of negotiations for a complete financial partnership settlement (CEPA) this week, Seoul’s business ministry mentioned Monday, as Seoul seeks to broaden its foothold within the Southwest Asian market amid world commerce uncertainties.
Commerce delegations from the 2 sides will maintain talks for 4 days via Thursday in Dhaka, in response to the Ministry of Commerce, Business and Sources.
The 2 international locations formally introduced the launch of negotiations in November 2024 and held their first spherical of talks in Seoul in August final 12 months.
Bangladesh is the eighth-largest nation on the earth by way of inhabitants and one of many quickest rising economies in Southwest Asia, in response to the ministry.
“Signing a CEPA with Bangladesh will significantly assist Korean corporations enter the Southwest Asian market, as Bangladesh is a key market in Southwest Asia with progress potential,” mentioned Son Ho-young, a ministry official in control of commerce settlement negotiations.
A CEPA is a sort of free commerce settlement that emphasizes a broader scope of financial cooperation and exchanges along with market opening.
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