business
BGMEA President expresses condolence over death of SB Knitting employees
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is deeply shocked and saddened by the death of seven employees of SB Knitting Limited in a road accident on the Dhaka-Sylhet highway.
Read: New DCTS scheme can create stronger trade, investment partnership with UK: BGMEA President
On behalf of BGMEA, President Faruque Hassan expressed deep condolence and sincere sympathy to their bereaved family members.
He also prayed for the salvation of their departed souls.
He said the industry has lost seven valuable lives who had contributions to the sector.
Banglalink wins Ookla Award for the 7th consecutive time
Banglalink has won the Ookla Speedtest Award as the Fastest Mobile Network in Bangladesh for the 7th consecutive time in 4 years. A Speed Score of 28.77 contributed to retaining its top position on Ookla’s Speedtest report for Q1-Q2 2023, said a press release.
Drawing from millions of daily results gathered through the Ookla Speedtest app, it offers the most accurate and comprehensive view of worldwide network performance, quality, and accessibility.
Read: World Bank’s cooperation sought to build power transmission lines from Nepal to Bangladesh
With a network of over 14,000 sites across Bangladesh, alongside the highest spectrum allocation per subscriber, Banglalink has seamlessly upheld its enduring dominance in speed throughout the first half of 2023. This achievement has been fortified by Banglalink’s unparalleled network quality and innovative digital services, resulting in the remarkable milestone of a strong subscriber-base of over 4 Crore subscribers this year, added the release.
Erik Aas, CEO, Banglalink, said, “Banglalink has consistently prioritized network quality, which is evident by the 7th consecutive Ookla Speedtest Award. Our network superiority is accelerating our growth as a Digital Operator, enabling customers to smoothly access our diverse digital services. We aim to utilize our fastest 4G network to continue providing best-in-class mobile telecommunication services and one-stop digital solutions through MyBL Super App and Toffee.”
Read: Seminar on ‘Innovation for Plastic Circularity’ held in Dhaka
“Ookla’s Speedtest Awards Programme recognizes the top fixed and mobile providers from around the world, providing consumers with access to reliable and accurate data to make informed decisions about their internet service providers,” said Stephen Bye, President and CEO, Ookla, a division of Ziff Davis.
“We are proud to acknowledge Banglalink as the Fastest Mobile Network in Bangladesh for 4 consecutive years. This prestigious award is a testament to the hard work and dedication of Banglalink to consistently providing the Fastest Mobile Network in the market,” he added.
Read: BGMEA, Erbil chamber of industry intend to collaborate in promoting bilateral trade
Banglalink will remain committed to providing strong network coverage, quality digital services, and the fastest internet speed across the country, said the press release.
World Bank’s cooperation sought to build power transmission lines from Nepal to Bangladesh
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has sought World Bank’s cooperation in building power transmission lines from Nepal to Bangladesh to export electricity to the Himalayan nation during winter.
"We want the World Bank to help us through financing the project and providing consultants,” he told Pankaj Gupta, the bank’s regional director of South Asia Infrastructure, when he met him at his office at the Ministry of Power, Energy and Mineral Resources on Sunday.
Read: Govt, World Bank ink $300 million financing deal for skill development, employment of rural youths
“We expect the World Bank will be beside us in a broader perspective…The import of electricity from Nepal is at the final stage,” he also said.
During this time they discussed various issues related to mutual interest including Strategic Policy Dialogue, Future Engagement and Power and Energy Sector Portfolio.
The import of electricity from Nepal and Bhutan, cross border trade, electric vehicles, renewable energy, lithium batteries, lead batteries, gas meters, energy security power system upgrading, smart grid, offshore wind power, transmission system, gas pipelines also came up for discussion.
The World Bank South Asia Regional Director expressed the bank’s keen interest to work with Bangladesh on various projects.
He said financing of projects related to energy security, renewable energy, energy efficiency and private financing and participation of private individuals or institutions can be supported.
He emphasized expediting the work of the gas metering project.
The state minister focused on the ongoing and upcoming projects by the World Bank.
He informed that a power hub is being set up in the southern region of the country, which requires funding for transmission lines and smart grid preparation.
“Wind mapping has been completed while approval was given to generate about 10,000 MW of electricity from renewable sources. Investment is needed in these sectors as well,” he said.
He also mentioned that initiative has been taken to replace the old gas pipelines with new ones.
Petrobangla Chairman Janendra Nath Sarkar, Additional Secretary of Energy and Mineral Resources Division Humayun Kabir, Additional Secretary of Power Division Nurul Alam, World Bank Energy Practice Manager Simon J. Stolp, World Bank Operations Manager Gayle Martin were present during the meeting.
Seminar on ‘Innovation for Plastic Circularity’ held in Dhaka
Unilever Bangladesh Limited (UBL), the country’s leading Fast-Moving Consumer Goods (FMCG) company, and Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA), jointly organised a national seminar titled ‘Innovation for Plastic Circularity’ recently at Radisson Blu Dhaka Water Garden in Dhaka.
Dr. Colin Kerr, Head of Packaging Excellence and Technology, Unilever; presented his keynote presentation on ‘Innovation and Inspiration in Packaging for Holistic Plastic Circularity’, where he illustrated the innovations that Unilever has adopted in packaging globally to ensure environmentally friendly packaging.
The seminar also featured two panel discussions: the first, titled ‘Importance of Innovative Design for Plastic Circularity’ and ‘Importance of Innovation in Collection and Recycling for Plastic Circularity.
Read: BGMEA, Erbil chamber of industry intend to collaborate in promoting bilateral trade
Mr. Muhammad Abdul Mannan, MP, Honourable Minister, Ministry of Planning, Government of the People’s Republic of Bangladesh, was present at the seminar as the Chief Guest.
Besides, an exhibition titled ‘Innovative Material and Packaging’, showcased the innovation in producing and recycling plastic products and packaging from local organisations.
Planning Minister Muhammad Abdul Mannan , said, "The exhibition titled 'Innovative Materials and Packaging' gave us the opportunity to see innovations in plastic packaging closely. The seminar, jointly initiated by UBL and BPGMEA is undoubtedly commendable. The government remains vigilant concerning the country’s business landscape, while our primary objective is the overall development of the nation, he added.
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It is not possible to ensure a good life for the people of Bangladesh, without ensuring development by addressing issues regarding not only plastic pollution, but all sorts of pollution, the minister said.
Saber Hossain Chowdhury, said, "Our previous model of using natural resources was linear. A resource was taken from the environment, used and finally thrown back into the environment. However, as the awareness on the importance of proper waste management has increased, there is a need for the circular model. Earlier, we were an export-oriented nation. But by the day, we are becoming a consumer nation. As a result, when we become a trillion-dollar economy 12 to 13 years from now, the level of environmental pollution, especially plastic pollution, will increase manifold.
Dr. Colin Kerr, Global Head of Packaging Excellence and Technology, Unilever, said, "Unilever is globally implementing its Golden Packaging Rule and digital models for innovative plastic packaging. Both rigid packaging and flexible packaging play an important role in providing the product to consumers. But they also leave a plastic footprint which Unilever is committed to reduce through time-bound actions. Our holistic aim to achieve ‘less, better and no plastic’ framework is reflected in our commitment to innovate plastic packaging designs. Unilever Bangladesh has already successfully implemented new approaches to reduce plastic packaging, Dr. Colin said.
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Zaved Akhtar, Chief Executive Officer (CEO) and Managing Director (MD) of Unilever Bangladesh, said, “We all have a responsibility towards the planet. As part of Unilever’s global push for innovation in plastic packaging and a waste-free planet, Unilever Bangladesh is actively adopting innovations in how our products are packaged. Through innovative packaging and effective waste management implementation, UBL aims to optimise plastic’s many benefits.”
There is still a lot to do to ensure plastic circularity, and we cannot do it alone. The government and businesses need to work collaboratively to achieve Bangladesh’s Vision 2041, he added.
Amin Helaly, Vice-president, FBCCI, said, “We need to work together for the Honorable Prime Minister Sheikh Hasina’s vision for Bangladesh by 2041. We need to adopt a 10-year plan regarding a circular economy. Moreover, future generations should be educated about plastic waste management. If the future Bangladesh wants a sustainable economy, the education system should be changed, Amin Helaly said.
Shamim Ahmed, President, BPGMEA, said, the need for plastics has increased exponentially to maintain product quality, but proper waste management is also essential.
He also requested the ministries concerned and the Government to ensure adequate support for the industry.
“We don't want our environment to be degraded by plastic or our future generations to be harmed by plastic. Therefore, emphasis on infrastructural investment and strategic solutions is very important. I am especially grateful to Unilever Bangladesh for their support that is helping all of us achieve a circular economy.”
Policy framework, institutional leadership and public private collaboration key for circular economy transition
A roundtable on Circular Economy Transition, highlighted the imperative, opportunities, and priority strategy for Bangladesh to transition towards circularity.
The event was jointly organized by Policy Exchange Bangladesh and Bangladesh Apparel Exchange, supported by UNIDO, SWITCH2CE, Chatham House, EU, and Circle Economy on August 24.
Read: BGMEA delegation meets Kurdistan regional Minister Safeen
The event gathered industry leaders from various sectors, policymakers, development partners and experts who emphasize the urgency of accelerating circular economy initiatives in the country.
Tapan Kanti Ghosh, Senior Secretary of the Ministry of Commerce, attended the event as chief guest. The session was Chaired by Md. Abdur Rahim Khan, Additional Secretary (Head of Export Wing) at the Ministry of Commerce.
The panelists of the roundtable were Mostafiz Uddin, Founder and CEO of Bangladesh Apparel Exchange, Dr. Zaki Uz Zaman, Country Director of UNIDO, Asif Ibrahim, Vice Chairman of New age Group of Industries, Md. Ariful Hoque, Director of BIDA,. Shamim Ahmed, President of BPGMEA.
Read: Maximum 20 percent cash assistance announced for 43 products to boost export
Tapan Kanti Ghosh highlighted the need for collaborative efforts among associations and businesses to address circularity challenges. He also underscored the policy's role in fostering waste exports through zero export duty, while emphasizing the pivotal role of financing in the circularity and renewable energy sectors.
Dr. M Masrur Reaz, Chairman and CEO of Policy Exchange presented the keynote at the roundtable. The keynote addressed critical points including the peril of climate change, the economic and environmental merits of circular economies, and the imperative of transitioning for the betterment of the apparel sector.
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Dr. Reaz illuminated the strategies that countries across the globe are employing to effectuate circular economies and the challenges faced by Bangladesh in adopting these practices.
Mostafiz Uddin, Founder and CEO of Bangladesh Apparel Exchange, emphasized the significance of raising awareness about circularity, a concept that has gained considerable traction since its introduction in 2016. He revealed forthcoming steps, including the second Bangladesh Circular Economy Summit 2024, regional conferences in 2025, and an ambitious international event in 2026
Healso highlighted ongoing efforts to establish an educational platform and the necessity for strategic action plans to drive Bangladesh's circular economy transition.
Some of the insights shared during the roundtable were enriched by the findings of the 1st Bangladesh Economy Summit in June 2023, organized by Bangladesh Apparel Exchange in partnership with GIZ, Laudes Foundation, P4G, H&M, and the Embassy of the Kingdom of Netherlands in Bangladesh.
This high-level roundtable marked a pivotal moment in Bangladesh's commitment to embrace circular economy principles and catalyze sustainable change across industries. With collaboration and determination, Bangladesh is poised to propel itself towards a more resilient, resource-efficient future.
Bangladesh RMG industry in transition to circular economy for environmental sustainability: BGMEA President
The readymade garment industry of Bangladesh is increasingly focusing on the transition from linear business model to circular economy for greater environmental sustainability coupled with economic growth, said Faruque Hassan, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
He said, “To what extent climate change will change the world is still unclear, but one thing is certain: businesses can no longer grow at the cost of the environment. The decisions taken now and in the coming years will affect the planet.”
Read: BGMEA President seeks embassy support to boost RMG exports to Iraq
He made the observations while speaking at the launching of a report titled ‘The case for just transitions in energy, agricultural and RMG sector in Bangladesh’ held in Dhaka on Sunday (August 27).
Saber Hossain Chowdhury, Special Envoy to the Honorable Prime Minister for Climate Change, and Chair of Parliamentary Standing Committee on Ministry of Environment, Forest and Climate Change, inaugurated the event as chief guest.
Professor Imran Rahman, Vice Chancellor, University of Liberal Arts Bangladesh (ULAB), Zafar Sobhan, Editor of Dhaka Tribune and Dr. Sultana Afroz, Former CEO of Public Private Partnership (PPP) Authority of the Prime Minister's Office also spoke at the event.
BGMEA Chief highlighted the progress made by Bangladesh’s RMG industry in the area of environmental sustainability.
Read: RMG exports: Bangladesh earned $3.95 billion in July, says BGMEA
“Bangladesh’s RMG industry has seen an impressive growth in the number of green garment factories. The total number of LEED certified green garment factories in Bangladesh is now 200, of which 73 are platinum. These green factories are equipped with all the eco-friendly features and emit 40% less carbon than a conventional factory,” he said.
He also mentioned the series of initiatives taken by BGMEA for protecting environment under its Sustainability Vision 2030.
“The vision aims to reduce 30% carbon emission, 50% use of sustainable raw materials, 50% reduction of groundwater usage, 100% use of ZDHC chemical usage, 30% reduction of energy usage, 20% use of renewable energy and 30% reduction of deforestation,” he added.
Read: RMG exports to EU grew 9.93% in FY 2022-23: Export Promotion Bureau
The BGMEA President said, “Climate change is not a future threat, it’s happening now. The best way one can make an impact in this regard is “doing-our-bits” to curb carbon emissions and reduce environmental pollution.”
“When the brands are setting ambitious targets, it is their responsibility to make sure that no one is left behind in the supply chain,” he remarked.
New DCTS scheme can create stronger trade, investment partnership with UK: BGMEA President
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan has said the new ‘Developing Countries Trading Scheme (DCTS)’ scheme will contribute to Bangladesh’s integration into the global economy, creating stronger trade and investment partnership with the United Kingdom.
“You are aware that BGMEA is continuously working in the arena of market access under the apparel diplomacy initiative. The DCTS scheme has followed a robust consultation process with stakeholders,” he said in a letter to BGMEA members.
The UK is the third largest export destination for Bangladesh.
Apart from the UK, Faruque Hassan said they have also been able to secure positive outcomes in market access Canada and Australia.
“As far as the readymade garment product is concerned, we exported US$ 5.02 billion worth of clothing to the U.K. in the last fiscal year 2022-23, which was US$ 4.50 billion in FY2021-22 showing 11.78% growth year over year,” he said.
And during the January-July period of 2023 our RMG export to the UK reached US$ 3.11 billion, up from US$ 2.72 billion in Jan-Jul 2022, by 14.11%, he added.
“We have addressed all the issues relevant to our trade and we are grateful to the British government for considering those positively,” said the BGMEA chief.
The government of the United Kingdom has recently introduced a new tariff scheme titled ‘Developing Countries Trading Scheme (DCTS)’.
Read: BGMEA, Erbil chamber of industry intend to collaborate in promoting bilateral trade
This scheme replaces the EU GSP scheme under which Bangladesh used to access the UK free of duty.
According to the new scheme, after Bangladesh’s graduation from LDC, RMG products will continue to enjoy duty-free market access in the UK for the benefit while exporting to the United Kingdom (UK).
“The DCTS will make it easier to enjoy duty free market access using imported raw materials,” said the BGMEA president.
The DCTS is similar to the EU’s GSP Plus scheme. Under the EU draft GSP proposal for 2024-34, Bangladesh's apparel products may face textile safeguard measures but the UK DCTS does not include such textile safeguard provision.
The BGMEA and the government of Bangladesh are trying to resolve this issue with the European Commission.
Even for economically vulnerable countries, the DCTS appears more flexible in terms of implementing certain international conventions, said the BGMEA President.
“However, as a nation we stand committed to continue the momentum in social and environmental standards we have achieved and even go further,” he said.
Read: BGMEA delegation meets Kurdistan regional Minister Safeen
“As we have and are investing heavily to make our industry safer and sustainable, we see a growing commitment and interest among the British clothing brands and retailers,” he added.
The BGMEA President encouraged all to make all possible efforts to explore the UK market further, especially for the emerging items like outerwear, formal wear and active wear segments and in non-cotton categories.
UK’s landmark Developing Countries Trading Scheme (DCTS) has come into effect that simplifies trading rules and cuts tariffs on products entering the UK from 65 developing countries, including Bangladesh.
The DCTS will help grow trade, boost jobs, and drive sustained economic growth. This new scheme demonstrates the UK’s commitment to a modern and mutually beneficial partnership with Bangladesh.
Changes made to the DCTS mean Bangladesh will retain duty-free access for 98% of exports, including readymade garments, said the British High Commission in Dhaka.
Read more: BGMEA President Faruque Hassan visits shrine of Sheikh Abdulaziz Gilani
Businesses should get opportunities to turn around before wholesale declaration of loan defaulters: FBCCI President
Mahbubul Alam, the new president of the country’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), has already written to Bangladesh Bank asking for opportunities for businesses struggling to pay instalments against loans to turn around their fortunes before declaring them as loan defaulters.
He also believes heightened inflation is a global issue, rather than unique to Bangladesh, as prices of daily essentials and energy prices have witnessed spikes across the world, including the USA and Europe.
Bangladesh is trying to curb inflation, but the global supply chain disruption creates crises on the supply side, which is the cause of the price hike in some cases, he pointed out.
Talking to UNB, Mahbubul Alam gave his opinions on different issues including inflation, the dollar crisis, export diversification, and the challenges in achieving the Sustainable Development Goals.
Read: Mahbubul Alam takes charge as FBCCI president
Alam was elected as the new president of the FBCCI as a leader of the Sammilito Oikko Parishad, for the 2023-25 tenure. The election was held on July 31 and he took charge as president on August 14. He also serves as President of the Chittagong Chamber of Commerce & Industry (CCCI).
Beyond his business acumen, Mahbubul Alam has received recognition in the form of CIP (Trade) and CIP (Industry) Awards from the Ministry of Commerce, Bangladesh. He is also a committed philanthropist, contributing to various social causes.
Internationally, he is the recipient of a "Certificate of Merit" from the World Customs Organization.
Alam said in the present economic reality, suppose an entrepreneur has 12 factories; among them one or two will have fallen into problems, but the other 10 would be running well. In this situation, if the business group was declared as defaulter, the entrepreneur would not run the other factories, and a large number of employees would lose their jobs.
Read: Large defaulted loans have distressed domestic economy: Experts
He acknowledged that in the last two years, a huge volume of loans went into default as many businessmen are not paying their instalments. The FBCCI president said, the federation (FBCCI) has already written a letter to the Bangladesh Bank (BB) to not declare any company as defaulter without understanding the reality.
He suggested running the factories as an option to get a return. He opposed wholesale declaration of loan defaulters rather than giving opportunities to improve.
Alam agreed that the businessmen have to return the loan money, otherwise the banks will be in trouble.
Regarding the dollar crisis, the FBCCI president emphasised enhancing remittance earnings by sending more skilled human resources abroad, along with the unskilled manpower already being sent.
Read more: Banks’ chief executives must bear responsibility to control defaulted loans: BB Governor
He also urged the government to develop a system through which remittances could be sent easily to Bangladesh using legal channels from the Middle East and other areas of the world.
Alam, the owner of Chattogram-based M/S Alam Trading, also emphasised enhancing the capacity of foreign missions of Bangladesh so that those missions can arrange trade fairs to display different traditions and non-traditional products as part of the export diversification campaign.
Regarding SDG achievement, the FBCCI president said the capacity of domestic businesses must increase to compete with global manufacturers in the age of free trade.
Alam said, “Despite different types of obstacles and unfavourable environment, the entrepreneurs of Bangladesh have survived and continued running their businesses even during the Covid-19 pandemic period.”
Read more: BGMEA delegation meets Investment Board Chairman of Kurdistan regional government to discuss investment opportunities
The FBCCI president emphasised massive research and innovation activities involving youths for Bangladeshi companies to cope with the requirements of the 4th Industrial Revolution,
However, he doesn’t buy into the hype that Artificial Intelligence or machine learning will affect employment in Bangladesh, as he believes many jobs still exist that require a human hand.
The FBCCI president also focused on increasing domestic rearing of chicken, pigeons, cows, and goats which will help to meet a large portion of the consumption demand for eggs, milk, and meat.
It is not possible to supply readymade products, eggs, meat, milk, and other essential items to everyone, he said. Some people have to develop self-dependency when it comes to agricultural items, he pointed out.
Read more: BGMEA, Erbil chamber of industry intend to collaborate in promoting bilateral trade
Shiny Object Syndrome in Business, Career: Symptoms, Effects, Prevention
Imagine an earnest entrepreneur who, in the pursuit of staying ahead, constantly switches from one market trend to another. But at the end of the day, he or she finds the ventures faltering. In the same way, some people change professions frequently but fail to make stable career paths in the long run. This perplexing tendency is commonly referred to as the "Shiny Object Syndrome."
What is Shiny Object Syndrome?
Shiny Object Syndrome refers to a tendency to be easily distracted by new, captivating things or ideas. People with this syndrome often jump from one exciting project or concept to another without successfully completing the initial ones. This inclination is a pervasive challenge in both career and business, often leading individuals off track.
In a career context, Shiny Object Syndrome is when an employee frequently switches between different job roles or industries, never fully committing to one path. For instance, someone jumps from marketing to sales to design without gaining expertise in any field.
Read more: Investing in Yourself: 10 Best Ways of Investment for Self-Betterment
In business, it is seen when a company constantly chases after the latest trends or technologies without following a clear strategy. For example, a tech startup keeps shifting its focus from developing one product to another, preventing it from establishing a strong market presence.
Effects of Shiny Object Syndrome in Career
Effects
Shiny Object Syndrome can have significant negative effects on an individual's career trajectory and overall professional development. Some key effects include:
- Stagnated Progress- Inconsistent Skill Development- Reduced Job Satisfaction- Limited Networking Impact - Impaired Decision-Making- Risk of Burnout- Missed Career Potential- Perceived Lack of Commitment- Long-Term Instability- Diminished Personal Brand.
Read more: Workplace Fire Safety: 12 Effective Ways to Prevent Fire Hazards
How Can Professionals Overcome Shiny Object Syndrome?
Define Long-Term Goals
A professional should clarify his or her long-term career goals and aspirations. Having a clear vision of where he or she wants to be in the future can help resist the temptation of fleeting opportunities that don't align with his or her objectives.
Prioritize and Evaluate
Before jumping on a new opportunity, thoroughly evaluate its relevance to goals. One may ask oneself how this opportunity contributes to one’s overall career trajectory and whether it complements one’s strengths.
Create a Focus List
It is better to maintain a list of one’s current career objectives and opportunities that align with them. One can refer to this list whenever a new opportunity arises to assess its potential impact on one’s goals.
Read more: Overcoming Study Gap: How to Start Studying after a Long Break
BGMEA, Erbil chamber of industry intend to collaborate in promoting bilateral trade
A delegation of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) led by President Faruque Hassan met Mala Majeed Swrchi, Chairman, Board of Directors, Erbil Chamber of Commerce and Industry in Kurdistan of Iraq to promote bilateral trade and investment.
The delegation also included Nazrul Islam, former Director, BGMEA; Sharmeen Hassan Tithi, Director, Giant Group, Mohammed Shohel, Managing Director, Bangla Poshak Ltd; Mohd Shawket Hossain, Director, Bangla Poshak Ltd; and Nisher Khan, Managing Director, Banika Fashion Ltd.
Read: BGMEA delegation meets Kurdistan regional Minister Safeen
Fazlul Bari, Ambassador of Bangladesh to Iraq, Dr. Ahmed Jalal, President of Kurdistan-Bangladesh Business Council, Azad Ahmed Sherwani, Head of Relations at Erbil Chamber of Commerce and Industry, and Dr. Ibrahim Sindi, Honorary Consul, Republic of Cyprus in Iraq were also present at the meeting.
Promoting bilateral trade and investment through deepening cooperation was the main objective of the meeting.
Read: BGMEA President Faruque Hassan visits shrine of Sheikh Abdulaziz Gilani
The discussions focused on how both associations could pave the way for businessmen of Bangladesh and Iraq, especially Erbil, Kurdistan to explore mutually beneficial trade and investment opportunities.
They also talked about possible collaboration in bringing together businesses to facilitate more meaningful business interactions.
Highlighting the promising industrial sectors in Bangladesh, BGMEA President urged Kurdistan investors to take advantage of the favourable investment climate in the country.
Read: BGMEA delegation meets Investment Board Chairman of Kurdistan regional government to discuss investment opportunities
He also pointed out that they could import more products including readymade garments, pharmaceuticals, agro products, and leather goods from Bangladesh.
Faruque Hassan thanked the Erbil Chambers of Commerce and Industry for providing its space to the visiting BGMEA delegation to display Bangladeshi garments to buyers in Kurdistan.