Home / Knowledge / News / Apparel/Garments / Sweden for strengthening trade ties with Bangladesh
Sweden for strengthening trade ties with Bangladesh
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

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Eric Scholler

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search