Overview of the Korea-Bangladesh EPA Business Survey
This article reviews the findings of a business survey conducted to support a Korea-Bangladesh EPA (Economic Partnership Agreement). It summarizes how Korean exporters assess the need for an EPA, which agenda items they prioritize, what benefits they expect, and what implications the results carry for a future Korea-Bangladesh FTA strategy. The survey was conducted by KOTRA with 300 Korean exporting companies.
Key Survey Findings
Of the 300 Korean companies surveyed, 78% said a Korea-Bangladesh EPA is necessary. The main expected gains were tariff reduction, investment protection, stronger intellectual property safeguards, and greater access to the services market. Respondents also highlighted Bangladesh's relatively low technology base and infrastructure constraints as key concerns.
| Expected Benefit | Response Rate | Current Barrier | Expected Improvement |
|---|---|---|---|
| Tariff reduction | 85% | Average 15-25% | Below 5% |
| Investment protection | 72% | Investment uncertainty | Stronger legal assurance |
| Intellectual property | 65% | Losses from counterfeits | Improved protection |
| Services liberalization | 58% | Restrictions on foreign players | Easier market entry |
| Customs simplification | 80% | Delays and added costs | Improved procedures |