President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) SM 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, according to a press release.
He made the remarks during a meeting with a delegation from the Bangladesh China Chamber of Commerce & Industry (BCCCI) at the BGMEA Complex in Dhaka, BGMEA said on Tuesday.
The BCCCI delegation included Advisor MdKhorshed Alam, General Secretary Al MamunMridha, Vice President Md Shahid Alam, and Directors MeherunNessa Islam and Syed AminulKabir.
The meeting was also attended by BGMEA Senior Vice President KhandokerRafiqul Islam, Vice President Abdullah HilRakib, Directors MdNurul Islam, Md Zakir Hossain and former Vice President of BGMEA MohsinUddin Ahmed Niru.
Discussions during the meeting centred on various issues of Bangladesh’s 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 capitalising on opportunities for enhanced bilateral trade and investment between Bangladesh and China.
The BGMEA leaders highlighted China’s significance as a major exporter of man-made fibres, dyes, chemicals, textile machinery, and other raw materials, suggesting that Chinese investors could invest in Bangladesh’s man-made textile sector to meet its growing demand.
They expressed optimism that such collaboration would yield mutual benefits for both countries.
BGMEA President SM Mannan sought the cooperation of the BCCCI in narrowing the trade gap with China, underscoring the importance of collective efforts in achieving this goal.
