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MCCI, Australia’s CRG agree to work jointly for bilateral trade

  • Staff Correspondent
  • 15 December, 2022 12:00 AM
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MCCI, Australia’s CRG agree to work jointly for bilateral trade
Metropolitan Chamber of Commerce and Industry (MCCI) President Md Saiful Islam greets Australian High Commission to Bangladesh Jeremy Bruer while a delegation of Country Road Group (CRG) of Australia led by GM of Global Supply Chain and Sourcing Rachid Maliki visited MCCI office in the capital on Tuesday.

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Country Road Group (CRG) of Australia and Metropolitan Chamber of Commerce and Industry (MCCI) at a programme on Tuesday emphasised the importance of bilateral trade between Australia and Bangladesh and agreed to work together in this regard.

The two bodies agreed in this regard while a delegation of Country Road Group (CRG) of Australia visited MCCI office in the capital, said a press release.

Jeremy Bruer, Australian High Commission to Bangladesh, was present as the chief guest at the programme while Rachid Maliki, GM, Global Supply Chain and Sourcing, led the CRG delegation.

The event was moderated by the MCCI President Md Saiful Islam.

Mentionable, Country Road Group is one of Australia’s largest specialty fashion retailers, with a market leading position in the mid to upper tier of the segment.

The purpose of the CRG delegation’s visit to MCCI was to exchange views to improve bilateral cooperation and increase trade between Australia and Bangladesh.

The CRG delegation was warmly received by the MCCI team led by the President Md Saiful Islam.

The President acknowledged Bangladesh’s need for product and market diversification in the export market, with both increasing with the pandemic and Russia-Ukraine conflict effects.

With LDC-graduation in 2026, Bangladesh would have to overcome the challenges of loss of preferential treatment in its export markets.

He also praised Australia’s decision to allow Bangladeshi exports preferential treatment in Australia even after LDC-graduation.

As facilitators of trade and commerce, MCCI would always pursue improving trade between the two countries, he reaffirmed.

Special guest Rachid Maliki gave a brief introduction of CRG. Since Bangladesh’s share in CRG’s sourcing was very low, it had much room for improvement.

Maliki praised Bangladesh’s latest factories and how those underscored safety, security, and green transition.

He also highlighted the local entrepreneur’s positive change in mentality, which he thought could ultimately help in CRG deciding to source more from Bangladesh. 

The panelists were Asif Ashraf, Director, BGMEA, Md Shirajul Islam Mollah, President, BCMEA, Ibnul Wara, Vice-President, ABCCI, and Rachid Maliki of CRG.