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BGMEA seeks BCCCI help to narrow trade gap with China

Published : Wednesday, 8 May, 2024 at 12:00 AM  Count : 328
Business Correspondent
President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) S. M. Mannan (Kochi) has underscored the importance of increased investment from China and bolstered exports to the Chinese market in narrowing the trade gap between the two countries.
Highlighting the vast trade potential between Bangladesh and China, he stressed the need for bilateral collaboration to realise these opportunities.
He made the remarks during a meeting with a delegation from the Bangladesh China Chamber of Commerce and Industry (BCCCI) at the BGMEA Complex in Dhaka, BGMEA said on Tuesday.
The BCCCI delegation included Advisor Md. Khorshed Alam, General Secretary Al Mamun Mridha, Vice President Md. Shahid Alam, and Directors Meherun Nessa Islam and Syed Aminul Kabir.
The meeting was also attended by BGMEA Senior Vice President Khandoker Rafiqul Islam, Vice President Abdullah Hil Rakib, Directors Md. Nurul Islam, Md Zakir Hossain and former Vice President of BGMEA Mohsin Uddin Ahmed Niru.
Discussions during the meeting centered on various issues of Bangladeshs ready-made garment industry, including its current status, global market trends, challenges, and potential avenues for growth and development.
They also discussed ways of identifying and capitalizing on opportunities for enhanced bilateral trade and investment between Bangladesh and China.
The BGMEA leaders highlighted Chinas significance as a major exporter of man-made fibers, dyes, chemicals, textile machinery, and other raw materials, suggesting that Chinese investors could investment in Bangladeshs man-made textile sector to meet its growing demand.
They expressed optimism that such collaboration would yield mutual benefits for both countries.
BGMEA President S. M. Mannan (Kochi) sought the cooperation of the BCCCI in narrowing the trade gap with China, underscoring the importance of collective efforts in achieving this goal.



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