Bangladesh’s BGMEA calls for economic diplomacy for continued growth

Bangladesh Garment Makers and Exporters Affiliation (BGMEA) has underscored the need to have for constructive dialogues, investigate, financial diplomacy and engagement with governments and stakeholders at worldwide amount so that the momentum behind Bangladesh’s financial expansion proceeds to establish following The very least Created Place (LDC) graduation.

The observations have been produced by BGMEA president Faruque Hassan through a meeting with Masud Bin Momen, overseas secretary of Bangladesh, and ambassador Rabab Fatima, Long-lasting Representative of Bangladesh to the United Nations held at the Long-lasting Mission of Bangladesh to the UN in New York.

The discussions encompassed the problems pertaining to graduation of Bangladesh from LDC, achievable adjustments in the tariff routine in export markets and how preferential marketplace accessibility can be ongoing in the article-LDC position, the BGMEA stated in a statement.

Bangladesh Garment Makers and Exporters Affiliation (BGMEA) has underscored the need to have for constructive dialogues, investigate, financial diplomacy and engagement with governments and stakeholders at worldwide amount so that the momentum behind Bangladesh’s financial expansion proceeds to establish following The very least Created Place (LDC) graduation.

Hassan stated getting pragmatic means for retaining the marketplace accessibility amenities is critical to keep on being aggressive in export markets when producing new marketplace prospects will be similarly significant to take a look at. He laid emphasis on attempts in securing continuation of trade benefit for Bangladesh for twelve yrs following the graduation from the LDC category in 2026.

He apprised them of BGMEA’s investigate initiative to take a look at marketplace prospects for RMG exports and also briefed them on the new Centre of Innovation, Effectiveness and Occupational Safety and Wellness (OSH) which is being set up at the recently created headquarters of BGMEA in Uttara to improve competitiveness of the readymade garment field of Bangladesh.

Hassan also highlighted the contribution of Bangladesh’s RMG sector in attaining Sustainable Development Aims (SDGs) and underlined the need to have for projecting the achievements tales on worldwide platforms together with the UN, the release stated.

Fibre2Fashion Information Desk (KD)