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Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan held a meeting with representatives from the Singapore Ministry of Trade and Industry (MTI) and Enterprise Singapore (ESG).
The meeting, held in Singapore on Tuesday, centred on exploring potential avenues for enhancing trade and investment collaboration between Bangladesh and Singapore, read après release.
They also discussed the free trade agreement (FTA) between the two countries and the mutual benefits that could be derived from such an agreement.
BGMEA President Faruque Hassan presented Bangladesh as an attractive destination for foreign investors, citing its growing infrastructure, specialized economic zones, and other investment-friendly facilities.
Highlighting the increasing trend of investments from countries including Japan, Korea, and China in Bangladesh, he suggested that Singaporean investors consider exploring emerging sectors such as textile machinery, man-made fibre and technical textiles, recycling industry, light engineering, and shipbuilding.
The BGMEA president stressed the importance of organizing reciprocal visits by businessmen from both countries to foster mutually beneficial trade and investment opportunities.
He sought the cooperation of the Singapore Ministry of Trade and Industry in facilitating interactions between traders and investors from Bangladesh and Singapore.
Faruque Hassan also underscored the potential of Singapore as a market for Bangladeshi garment exports and called for support in exploring market opportunities in the region.
The meeting was attended by MTI Senior Director (Emerging Markets) Francis Chong, MTI Deputy Director (Emerging Markets) Uma Muniandy, MTI Senior Assistant Director (Emerging Markets) Vann Ang, Enterprise Singapore Executive Director (South Asia, the Middle East, and Africa) G Jayakrishnan.
BGMEA Director Asif Ashraf, Chair of BGMEA Standing Committee on Foreign Mission Cell Shams Mahmud and Rose Intimates Ltd Director Sanjay Kumar Naha were also present.
