Bangladesh seeks to maximise UK tariff benefits, boost non-RMG exports

Bangladesh is seeking to maximise the benefits of the United Kingdom's preferential trade scheme through targeted exporter training, stronger engagement with buying houses and improved compliance with market requirements, as the country steps up efforts to diversify exports beyond ready-made garments (RMG).

The issue featured prominently at the Bangladesh Trade and Global Sourcing Dialogue, organised by the Export Promotion Bureau (EPB) at Sheraton Dhaka in Banani today, bringing together representatives of foreign missions, bilateral chambers of commerce, buyers' forums and foreign trade promotion organisations.

Martin Dowson, Development Counsellor and Deputy Development Director at the British High Commission, highlighted the benefits of the UK's Developing Countries Trading Scheme (DCTS), noting that key export sectors, including garments, had yet to fully utilise the available trade preferences.

He also emphasised the importance of engaging local buying houses and sourcing agencies operating in Bangladesh to connect manufacturers with international buyers and expand export opportunities.

The EPB and the British High Commission have undertaken initiatives to improve exporters' understanding of the scheme, including its eligibility requirements and compliance procedures. 

Further workshops are planned in Chattogram and for the garment sector to address non-tariff barriers and help businesses make better use of preferential market access.

The initiative comes as Bangladesh seeks to broaden its export basket and strengthen its competitiveness in international markets. 

The EPB has expanded its priority export sectors from eight to 12 this year, while also exploring opportunities to promote emerging industries and services.�"BSS