BBOT Meets with Korean Trade Department to Build on International Business Collaboration
Last week, Burnaby Board of Trade President & CEO Paul Holden met with representatives of the Korea Trade-Investment Promotion Agency (KOTRA) to discuss opportunities for potential business collaborations, and new businesses considering setting up in Burnaby.
This builds on a year of collaboration and promotion of trade and investment between Burnaby and Korea, including a successful trade delegation by the Burnaby Board of Trade to Korea in 2018. This delegation included several local businesses which each made meaningful business contacts or developed real partnerships and business dealings during and following the trip. As part of that delegation, the Burnaby Board of Trade also signed a Memorandum of Understanding with the Hwaseong Chamber of Commerce and Industry. Read more on the MOU signing here.
These international trade relationships are an important part of the Burnaby Board of Trade’s ongoing economic development role. The Burnaby Board of Trade has developed relationships, contacts and resources for businesses interested in exploring doing business internationally.
“The South Korean trade mission was invaluable in learning the trade and business climate in South Korea. South Korea is a difficult market to break into regarding direct sales from Canada to Korea, but we were was able to commence a long term direct supply relationship with a major Korean corporation by leveraging the relationships forged by both the City of Burnaby and Burnaby Board of Trade.” – BBOT Delegation Participant