‘Accord, Alliance’s vigilance to pressurise RMG export’ | 2017-11-01 | daily-sun.com

‘Accord, Alliance’s vigilance to pressurise RMG export’

    1 November, 2017 12:00 AM printer

Commerce Minister Tofail Ahmed has said the buyers are pressurising RMG factories by the Accord and Alliance even after meeting their all conditions.

"Our RMG factories have now been turned into safe and working friendly following huge investment by the owners, but price of RMG was not increased, rather it has been decreased due to depreciation of Euro," he added, reports BSS.

The commerce minister stated this while addressing a roundtable discussion as chief guest at Dhaka University.

Faculty of Business Studies organized the discussion titled "Towards making Bangladesh an important trade and investment destination in South Asia: challenges and policy options" at AF conference room on Monday, said a press release.

Tofail highlighted the different initiatives taken by the government towards making Bangladesh a destination for trade and investment in South Asia.

He requested all stakeholders to analyze the trade and investment opportunities as well as consider Bangladesh as their favorite destination in South Asia.

Foreign Secretary Shahidul Haque was present as special guest while Distinguish Fellow of Center for Policy Dialogue (CPD) Dr. Mustafizur Rahman moderated the event.

Shahidul Haque emphasized the importance of connectivity for improving the trade and investment situation. International business environment is rapidly transforming that is why everyone has to work together, he said.

"With the booming globalization around the world, we should behave like global player which has two roles - one political actor and another is economic actor," added Shahidul.

Mustafizur Rahman said Bangladesh has shown tremendous progress since 1971 in areas such as agriculture and export industries. It has gained global recognition for its progress in firm products.

DU Faculty of Business Studies Dean Professor Shibli Rubayat Ul Islam highlighted the trade policies of Bangladesh and explained the fact of challenges of investment focusing not only on Ready Made Garments Industry but also to derive investment from other promising industries.

A group of international experts on trade and investment including academics and researchers from 13 countries including USA, U.K., Canada, Australia and other countries attended the discussion.

Besides, the discussion was attended by around 100 representatives from the government, private sectors, development sectors, researchers, academia and media etc.