Bangladesh aims to diversify UK exports & reduce RMG reliance
28 Nov 23 1 min read
Insights
- Diversification of export goods to focus on the UK consumer market, export of skilled manpower and leveraging the China Plus One policy were the key topics of a recent dialogue between representatives of a Bangladesh trade federation and the Bangladesh high commission in the UK.
- Both sides reaffirmed their commitment to expand exports to the UK market.
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Mahbubul Alam led a business delegation to London and met Saida Muna Tasneem, Bangladesh’s high commissioner there.
Both sides reaffirmed their commitment to collaborate in expanding of exports to the UK market.
Alam said dependence on the readymade garment sector should be reduced and opportunities in agricultural products, leather goods, jute products, flowers and fruits should be explored, Bangladesh newspapers reported.
Non-garment products are being identified for exported to the United Kingdom, he said, requesting more cooperation from the high commission in attracting foreign investors and raising the country’s export revenues.
Around 91 per cent of Bangladesh exports to the United Kingdom last year come from readymade garments, Tasneem said.
Fibre2Fashion News Desk (DS)
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