Foreign Minister Dr. Hasan Mahmud emphasized the need to diversify products and explore new markets for RMG, especially in Africa, South America, and ASEAN countries.
Assuring of full cooperation from the Ministry of Foreign affairs, minister said discussions with various countries is already going on to remove tariff barriers in these potential markets.
Minister made the remarks while discussing with a delegation from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), led by President S. M. Mannan (Kochi), as they paid a courtesy call to Foreign Minister at the ministry in Dhaka.
During the meeting, the BGMEA President emphasized the significance of market and product diversification to reach the goal of achieving $100 billion from garment exports by 2030.
He noted that garment exports to new markets have increased from $847 million to $8,370 million with government policy support over the past 15 years.
BGMEA seeks the cooperation of Bangladesh's relevant embassies in organizing roadshows, networking with buyers, and participating in key fairs to increase exports to new markets, particularly to Brazil, Argentina, Russia, South Africa, Turkey, and ASEAN countries.
He also highlighted the importance of bilateral and regional free trade agreements with these potential markets.
BGMEA President sought the Foreign Ministry's support in addressing the potential impact of LDC graduation on the country's export trade and continuing duty-free facilities in major export markets.
The BGMEA delegation included Senior Vice President Khandoker Rafiqul Islam, Vice Presidents Arshad Jamal (Dipu), Abdullah Hil Rakib, Miran Ali, Directors Md. Imranur Rahman, Mohammad Sohel Sadat, Shams Mahmud, Rajiv Chowdhury, Md. Mohiuddin Rubel, Barrister Shehrin Salam Oishee, Md. Nurul Islam, and Saifuddin Siddiquie Sagar.
