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Bangladesh, Taiwan can thrive in the apparel sector together: BGMEA

BI Report || BusinessInsider

Published: 14:23, 3 February 2023  
Bangladesh, Taiwan can thrive in the apparel sector together: BGMEA

Photo: Collected

Bangladesh and Taiwan have a great potential to complement each other for ensuring development in the apparel and textile industries of both countries, Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has said.

Hassan made the observation when a delegation of the Taiwan Textile Federation (TTF) led by its President Justin Huang called on him in Dhaka on Thursday.

During the meeting, they discussed a wide range of issues including the apparel and textile industries of both countries.

The two sides also talked about how both the associations can work together to build an interactive connection with the businessmen between the countries to reach a meaningful trade and commerce-related decision.

UNB adds: Faruque said Bangladesh is the second largest exporter of readymade garments (RMG) in the world whereas Taiwan has a strong textile industry, particularly with considerable strengths in the non-cotton segment.

Since Bangladesh is strongly focusing on shifting from cotton to non-cotton products and value-added products, Taiwan with its big textile industry producing man-made fibres, polyester filament, nylon fibre, and other fabrics can meet the demand of Bangladesh's RMG sector, he added.

Also, the BGMEA and TTF expressed interest in organising trade exhibitions to develop ties between RMG and textile businessmen of Bangladesh and Taiwan so that both sides can work together to create a win-win situation.

BGMEA Vice-President Shahidullah Azim, directors Asif Ashraf and Abdullah Hil Rakib, Timothy WD Tso, director at TTF, and Emily Chen of the Promotion Section at TTF were also present at the meeting.