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Germany may support B'desh stand on EU-Pak deal
01
Dec '11
Germany is likely to voice Bangladesh's concerns regarding the proposed duty free access for Pakistani goods in the EU, during the forthcoming World Trade Organization (WTO) meeting in Brussels, leader of a German delegation accompanying German President Christian Wulff during his visit to Bangladesh, has said.

Director of the Department of Foreign Trade Policy of Germany's Ministry of Economics and Technology, Karl-Ernst Brauner, said as Bangladesh has already clarified its stand on EU's proposed duty waiver for Pakistani exports, he would voice the issues of Bangladesh during forthcoming WTO meeting.

After facing adversities caused by devastating floods last year, Pakistan urged the EU to allow duty-free exports of its 75 items to the EU, with textile and readymade garment items constituting a larger part of this list of 75 items.

However, Bangladesh requested the WTO to introduce a ceiling on export of eight garment items of Pakistan, as both Pakistan and Bangladesh have a strong foothold with respect to these eight items.

The German official said entrepreneurs from his country are desirous of investing in garment and textile industry of Bangladesh, and exports from Bangladesh to Germany would continue to grow even in future, as there is a huge demand for apparel items in Germany.

Saiful Islam, President of Bangladesh-German Chamber of Commerce and Industry, said German firm Multiline Textil GmbH is soon likely to invest around € 100 million in Bangladesh's textile and garment sector.

Fibre2fashion News Desk - India


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