Bangladesh aims to boost RMG exports to Russia, says textiles minister

Following a meeting with Russian ambassador Alexander V Mantytskiy, Nanak highlighted the potential of the Russian market for Bangladeshi products, emphasising Russia’s historical support and its ongoing cooperation in various sectors since Bangladesh’s Liberation War.

Acknowledging Russia’s role in Bangladesh’s development, Nanak mentioned President Vladimir Putin’s congratulations to Prime Minister Sheikh Hasina on her consecutive terms in office. He also cited Russia’s help in constructing the Ruppur Nuclear Power plant as a testament to bilateral cooperation.

Emphasising the ministry’s focus on jute and jute-made goods exports, Nanak disclosed discussions regarding organising a trade fair between the two nations to enhance economic ties. He expressed optimism about potential Russian investments in Bangladesh’s jute sector as discussions with Russian trading representatives progress.

The Russian envoy echoed the sentiment of strengthening economic ties, noting the interest in importing various Bangladeshi products including readymade garment, tobacco, agro, leather, jute, and jute-made goods even as Russia aims to capitalise on the opportunity created by the departure of major companies from its market.

Both sides expressed mutual interest in deepening economic cooperation.

The meeting included officials from the Textiles and Jute Ministry and the Russian Embassy, signalling a collaborative effort to explore and enhance trade relations between Bangladesh and Russia.

Fibre2Fashion News Desk (DR)