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BGMEA, JETRO keen on expanding trade

  • Staff Correspondent
  • 17 November, 2021 12:00 AM
  • Print news
BGMEA, JETRO keen on expanding trade

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Japan External Trade Organisation (JETRO) and Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have discussed potential areas of bilateral trade expansion. 

A delegation of Japan External Trade Organization (JETRO) met BGMEA president Faruque Hassan at BGMEA’s PR office in Gulshan on Monday, a BGMEA release said.

They had discussion on potential Free Trade Agreement (FTA) so that Bangladesh could retain its access to the Japanese market the post-LDC era. 

BGMEA president stressed on the importance of fibre diversification and investment in the non-cotton textile sector in Bangladesh and urged JETRO to encourage Japanese businessmen to invest in this area.

The JETRO team and BGMEA leaders expressed willingness to collaboratively organize a webinar to initiate communication between businessmen in Bangladesh and Japan, particularly those who are involved in fashion industry.

Bangladeshi businessmen will be able to showcase strengths and capabilities through the webinar while Japanese buyers and investors will get the opportunity to explore their trade potential in Bangladesh.

The delegation included South Asian regional representative of Japanese Ministry of Economy, Trade & Industry and Director of JETRO, New Delhi Takuma Otaki, JETRO Country Representative Yuji Ando, JETRO Representative Kazunori Yamada and Senior Director at JETRO Dhaka SM Shariful Alam. 

BGMEA vice-president Shahidullah Azim, vice president (Finance) Khandoker Rafiqul Islam and Director Md Imranur Rahman were also present at the meeting.

Faruque sought cooperation of JETRO in developing capacity of BGMEA University of Fashion and Technology (BUFT) in textile, apparel, fashion and business  through collaboration with leading Japanese universities and fashion institutes.

Japan and Bangladesh will celebrate 50 years of their diplomatic relations in 2022. They talked about organizing special programs by BGMEA in collaboration with JETRO to celebrate the occasion. The programmes will include local events and roadshow and single country fair in Japan.