Indonesian ambassador engages BGMEA president in bilateral trade talks
07 Feb 24 1 min read
Insights
- Ambassador of Indonesia in Bangladesh, Heru Hartanto Subolo, visited BGMEA president Faruque Hassan recently.
- Discussions revolved around strengthening trade ties and collaboration in apparel sector.
- Faruque Hassan encouraged Subolo to motivate Indonesian enterprises to invest in Bangladesh's manmade textile sector, highlighting prospects of mutual collaboration.
The meeting primarily aimed at fostering collaboration, particularly in the apparel and textile sector, between the two countries.
Key discussions revolved around various trade-related issues, with a shared commitment to identifying new avenues for collaboration to maximise mutual trade and investment opportunities.
During the meeting, Faruque Hassan highlighted Bangladesh's heightened focus on diversifying its garment production, especially in high-value apparels made from manmade fibres.
- Bangladesh RMG sector calls for tax relief, incentives in FY25 budget
- VF Corporation appoints Sun Choe as Vans global brand president
- Apparel exports from Bangladesh to Europe tank 59.95% in Jan-Apr 2024
- Pakistan's textile & apparel exports drop to $13.6 bn in Jul-Apr FY24
- Saudi Arabia largest market for China’s apparel exports in GCC
He mentioned the potential for Bangladesh to import manmade fibre and yarn from Indonesia to support this endeavour.
Furthermore, Hassan urged Heru Hartanto Subolo to incentivise Indonesian businesses to invest in Bangladesh's manmade textile sector, citing the potential for a mutually beneficial partnership.
He also highlighted the industry's interest in augmenting apparel exports to Indonesia and sought the ambassador's cooperation in this regard.
Additionally, Faruque Hassan sought Subolo's support in establishing collaboration between BGMEA University of Fashion and Technology (BUFT) and Indonesian fashion institutes with the objective to enhance the knowledge and skills of BUFT students in various areas, such as fashion design, product development, and relevant technologies.
Fibre2Fashion News Desk (DR)
Popular News
|
US small business owners highlight pricing as top concern: Report |
|
Italy’s consumer confidence index up from 95.2 to 96.4 in May: Istat |
|
South Indian cotton yarn prices stable with optimism for future demand |
|
Surat’s rapier weavers to cut production by 80% to tackle weak demand |
|
North India cotton yarn prices up as ICE cotton gains, demand sluggish |
|
China's fabric exports rise in Q1 2024; Vietnam leads as top market |