Taiwan Textile Federation delegation meets BGMEA administrator to discuss trade, investment

A delegation from the Taiwan Textile Federation (TTF) met with BGMEA Administrator Anwar Hossain to discuss potential areas of collaboration for mutual trade benefits in the apparel and textile sectors.

The delegation was led by Justin Huang, President of the Taiwan Textile Federation.

The meeting, held on Saturday (Nov 9) at the BGMEA Complex in Uttara, Dhaka, was also attended by representatives from the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA), and Bangladesh Export Processing Zones Authority (BEPZA).

The discussion covered various trade-related issues, including the current market situation of ready-made garments, global trends, challenges, opportunities, and more.

During the meeting, the potential for knowledge and skill sharing in areas such as technological adaptation, capacity building, innovation, resource efficiency, and circularity within the apparel and textile industries through cooperation was highlighted.

Both sides also discussed how they could collaborate to identify potential trade and investment areas and capitalise on opportunities in the textile and apparel sectors.

BGMEA Administrator Mohammad Anwar Hossain emphasised Bangladesh's increasing focus on boosting non-cotton and high-value garment production.

He mentioned that BGMEA is making every effort to facilitate sustainable growth in Bangladesh’s garment industry through the shift from cotton-based products to non-cotton items, particularly man-made fibre-based products.

In this regard, Taiwan could consider investments in non-cotton textiles, technical textiles, woven textiles, skill development, and innovation in Bangladesh.

He encouraged Taiwanese businesses to invest in these areas, either directly or through joint ventures.

Both sides expressed optimism about working together to achieve mutual benefits in the apparel and textile sectors.

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