Bangladesh and Taiwan have a great opportunity to complement each other for the development of the apparel and textile industries of both countries.
A collaboration involving business communities and trade associations can aid to open opportunities for deriving two-way trade benefits.
The observation was made when a delegation of the Taiwan Textile Federation (TTF) led by its President Justin Huang called on BGMEA President Faruque Hassan at BGMEA Complex on February 2.
They had discussions about various issues of mutual interest regarding the apparel and textile industries.
BGMEA Vice President Shahid Azim, Directors Asif Ashraf, Abdullah Hil Rakib were also present at the meeting which was also attended by Timothy W. D. Tso, Director at TTF and Emily Chen of the Promotion Section at TTF.
They discussed how both associations could work together to build interactive connections between apparel and textile businessmen of Bangladesh and Taiwan to facilitate meaningful business interactions.
BGMEA President Faruque Hassan said Bangladesh is the second largest exporter of ready-made garments in the world whereas Taiwan has a strong textile industry, particularly considerable strengths in the non-cotton segment.
Since Bangladesh is strongly focused on diversifying from cotton to non-cotton products and value-added products, Taiwan having a big textile industry producing man-made fibers, polyester filament, nylon fiber, and other fabrics can meet the demand of Bangladesh’s RMG sector.
BGMEA and TTF expressed interest in organizing trade exhibitions to develop ties between RMG and textile businessmen of Bangladesh and Taiwan so that both sides can work together to create a win-win situation.
