Intensified cooperation and more meaningful bilateral engagement will help to unlock immense trade and investment potential between Bangladesh and Australia.
The economic ties between the two countries have grown stronger which is evident from the increasing two-way trade volume while new opportunities have emerged to grow and diversify trade. More collaboration will bring mutual benefits for Bangladesh and Australia, read a press release.
The observations came from a meeting hosted by the high commissioner of Bangladesh in Australia at Canberra on Wednesday in honour of the visiting delegation of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to Australia, where Matt Burnell, member of the Australian House of Representatives for the Division of Spence, and chair of Australia-Bangladesh Parliamentary Group was present.
BGMEA President Faruque Hassan, Vice-President Shahidullah Azim, former vice-president Md Moshiul Azam Shajal, Director Asif Ashraf, Chair of BGMEA Standing Committee on Press, Publication and Publicity Shovon Islam Shawn, and Chair of BGMEA Standing Committee on Foreign Mission Cell Shams Mahmud attended the meeting.
M Allama Siddiki, Bangladesh high commissioner to Australia, along with senior officials of the High Commission also participated in the meeting.
They discussed possible avenues of enhancing bilateral trade and investment between Bangladesh and Australia.
The BGMEA delegation expressed thanks to the Australian government for its decision to continue duty-free market access of Bangladeshi products to the Australian market even after Bangladesh's graduation from the LDC status, saying it would facilitate trade with Australia.
They also briefed Matt Burnell about the investment opportunities being offered by Bangladesh while growing infrastructure of the country will support expanding trade and investment.
Burnell assured his continued endeavour to take Bangladesh-Australia to its potential. He also informed about his efforts to increase the membership in the Bangladesh Group in Australian Parliament which currently stands at 44.
The BGMEA president assured to work more closely to strengthen the ties and organise more such bilateral missions. He particularly invited the MPs in Bangladesh Group in Australian Parliament to visit and explore business opportunities in Bangladesh.