Home / Knowledge / News / Apparel/Garments / Sweden for strengthening trade ties with Bangladesh
Sweden for strengthening trade ties with Bangladesh
07
Oct '15
Sweden would like to expand trade relations with Bangladesh for the benefit of the people of both nations, Johan Frisell, Swedish ambassador has said, according to Bangladeshi media reports.
 
Bangladesh exports readymade garments worth $5 billion every year to the Swedish retail giant H&M. Hence, the readymade garment sector in Bangladesh is also expected to derive benefits from the cooperation, said Frisell in his presentation at a function for members of Diplomatic Correspondents Association Bangladesh (DCAB) in Dhaka.
 
Speaking about increasing trade flows both ways between the two countries, the ambassador also gave significance to cooperation in improving health, education, and women's empowerment facilities in Bangladesh. He also explained efforts of the Swedish International Development Cooperation Agency (SIDA) to develop and implement innovative ways of financing and cooperation.
 
Last month, Sweden signed an agreement with Bangladesh and the International Labour Organization (ILO) to start a new initiative for improving working conditions and rights for all workers in the readymade garment industry of Bangladesh. The initiative will begin in November 2015 and will continue till December 2020. As per the agreement, Sweden will spend $5.4 million on the initiative.
 
Bangladesh's garment industry is growing rapidly and presently consists of more 3,000 apparel exporters generating employment for more than 4 million workers. (HO)
 

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Textiles | On 25th Jul 2017

Pakistan’s textile exports stay stable in FY17

The value of textile and garment exports made by Pakistan increased...

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X