EIPP BEZA Embassy Letter: Analysis of Official Diplomatic Correspondence

This article reviews official correspondence on EIPP exchanged among the Bangladesh Economic Zones Authority (BEZA), the Embassy of Bangladesh in Korea, and the Embassy of the Republic of Korea in Bangladesh. It summarizes requests for special economic zone cooperation, efforts to attract Korean investment, formal government backing, and the follow-up schedule.

Letters

bilateral exchange

BEZA + Embassies

Senders

both sides

EIPP Cooperation

Theme

investment promotion

2024-2025

Period

exchange window

MOU Signing

Next Step

intergovernmental

Both Governments

Support

formal backing

Progress of the Letter Exchange

The exchange of letters between BEZA and the two embassies provides the formal basis for advancing the EIPP project. The sequence moved from BEZA's initial cooperation request to the Korean side's response, an expression of interest in attracting Korean companies, and a proposal to conclude an intergovernmental MOU.

Timeline of Letter Exchanges

Date	Sender	Recipient	Key Content
2024.06	BEZA	Korean Embassy in Bangladesh	Request for EIPP cooperation and interest in attracting investment
2024.08	Korean Embassy in Bangladesh	BEZA	Expression of Korean corporate interest and inquiry on conditions
2024.11	BEZA	Bangladesh Embassy in Korea	Proposal for MOU signing and delivery of three draft versions
2025.02	Bangladesh Embassy in Korea	KOTRA	Request for an investment roadshow for Korean companies

Key Elements of BEZA's Cooperation Request

Joint Development of Economic Zones

BEZA requests Korea-Bangladesh joint development of Mirsharai NSEZ. It seeks to benchmark Korean experience in Sejong City and the Incheon Free Economic Zone and hopes Korean firms will participate in master planning, infrastructure, and industrial estate development.

Investment Incentives

BEZA proposes top-tier incentives for Korean investors, including a 10-year corporate tax holiday, 50-year land leases, duty-free import of raw materials, and full repatriation of profits.

Intergovernmental MOU

BEZA aims to give the project formal status through an EIPP MOU between the two governments and to strengthen investment security for Korean companies.

Dedicated Korean Zone

BEZA proposes assigning a dedicated Korean business zone within Mirsharai NSEZ to build a cluster of Korean firms and improve supply chain efficiency.

Korean Response and Follow-Up Measures

Embassy Response

InterestKorean corporate interest

Key QuestionsInvestment protection and legal basis

KOTRA LinkDhaka office coordination

Company VisitsPotential investor mission

Follow-Up Actions

MOU TalksDraft under review

RoadshowBriefing for Korean firms

FS SharingFeasibility materials provided

Site VisitField trip under discussion

BEZA Request

Formal request for cooperation on joint economic zone development

→↓

Korean Review

Embassy and KOTRA assess Korean corporate interest

→↓

MOU Consultation

Draft MOU talks continue between the two governments

→↓

Investment Roadshow

EIPP briefing arranged for Korean companies

Three Draft Versions of the EIPP MOUA comparative review of the intergovernmental agreement drafts

EIPP Mirsharai PTAnalysis of the smart city master plan

EIPP BEZA Embassy Letter: Analysis of Official Diplomatic Correspondence