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Post-LDC Trade

Australia to continue duty-free market access for Bangladesh

  • Special Correspondent
  • 19 July, 2022 12:00 AM
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Australia to continue duty-free market access for Bangladesh

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Australia will continue to provide Bangladesh with duty-free access to its market after the latter’s graduation from the least developed country (LDC) status, said Australian High Commissioner in Dhaka.

High Commissioner Jeremy Bruer informed president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan about the Australian government’s decision.

The envoy said this as the BGMEA president paid a courtesy call on him at the High Commission in Dhaka on Sunday.

BGMEA First Vice President Syed Nazrul Islam, Vice President Miran Ali, Directors Asif Ashraf, Barrister Vidiya Amrit Khan and Chair of BGMEA Standing Committee on Foreign Mission Cell Shams Mahmud accompanied the president during the visit.

Duncan McCullough, Second Secretary (Commercial and Economic Diplomacy) at the Australian High Commission in Dhaka, was also present on the occasion.

BGMEA President Faruque Hassan hailed the Australian government’s decision of continuing duty-free market access for Bangladesh, saying that it would support Bangladesh in maintaining the momentum of its economic growth after the LDC graduation. He hoped that the friendly support from Australian for the development of

Bangladesh would continue in the coming years.

A variety of issues, especially potential areas of expanding trade and investment between Australia and Bangladesh, were also discussed at the meeting.

They opined that huge opportunities lie ahead of both countries in reaping mutual trade benefits by further deepening collaboration and cooperation. The BGMEA leaders expressed Bangladesh’s interest in importing more cotton and wool from Australia to meet the growing demand of the RMG and textile industry.

They sought cooperation of Australia in developing knowledge and skills of the students of BGMEA University of Fashion and Technology (BUFT) in textile, apparel, fashion, design and business through collaboration with leading Australian universities and fashion institutes.