Home / Knowledge / News / Apparel/Garments / Joining TPP will boost Bangladesh exports: US Ambassador
Joining TPP will boost Bangladesh exports: US Ambassador
04
Sep '13
Mr. Dan Mozena
Mr. Dan Mozena
Exports from Bangladesh will get a huge boost, if the country joins the Trans-Pacific Partnership (TPP) free trade block, US Ambassador in Dhaka Dan Mozena has said.
 
Speaking at a seminar on ‘United States-Bangladesh Relations with Special Reference to Security in the Bay of Bengal’, organized by the Centre for East Asia (Foundation), in cooperation with the US Embassy in Dhaka, Mr. Mozena said he hoped that the Government of Bangladesh, business bodies, and the civil society would rigorously explore possibility joining with the TPP.
 
“It’ll help Bangladesh become a middle-income country,” Mr. Mozena said, UNB reported.
 
Terming the current US-Bangladesh partnership as an all-time high, he said, the relationship and partnership between America and Bangladesh has never been deeper, broader and stronger than it is at this moment.
 
He said TPP is a proposed free trade agreement that would fasten Asia Pacific economic integrity by facilitating greater trade and investment among its members.   
 
The Ambassador, however, cautioned that acceding to the TPP will not be easy as member states need to address concerns regarding workers’ rights and protections, environmental protection, and conservation, among other matters.
 
The nineteenth round of TPP negotiations ended recently in Brunei. The 12 countries negotiating the TPP agreement are the US, Canada, Mexico, Japan, Chile, Peru, Malaysia, Singapore, Brunei, Vietnam, Australia, and New Zealand. These countries spread across three continents account for about 40 percent of global GDP and about 30 percent of international trade.
 
Bangladesh is currently one of the least developed countries and it is striving to become a middle-income nation by 2021.
 
In fiscal year 2012-13, Bangladesh earned US$ 27 billion in exports, with garments accounting for nearly 80 percent of the same. For the current financial year, the country has set an export target of US$ 30.5 billion.
 

Fibre2fashion News Desk - India

Must ReadView All

Information Technology | On 28th Mar 2017

Intex Consulting signs partnership with Kawan Era Baru

Germany based Intex Consulting GmbH has entered into a strategic...

Courtesy: Kraig Laboratories

Textiles | On 28th Mar 2017

Kraig gets certificate for silk production in Vietnam

Kraig Biocraft Laboratories, Inc., a leading biotechnology company...

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search