Bangladesh Apparel Summit held in Melbourne, Australia

The Bangladesh Apparel Summit was held in Melbourne, Australia, yesterday (July 18), organised by the Bangladesh Garment Manufacturers & Exporters Association (BGMEA) in collaboration with the HSBC Bank, supported by the High Commission of Bangladesh to Australia.

This summit brought together a number of 130 participants from a diverse range of stakeholders, including buyers, retailers, suppliers, consumers, development partners, and supportive Australian government policymakers, creating an opportunity for fruitful discussions, meaningful interactions, and the exchange of ideas and information.

Throughout the day, the esteemed speakers shared their insights through the opening plenary and two panel discussions titled 'Trade between Australia and Bangladesh: Charting the path for next decade' and 'Sustainability matters - ESG collaborations to shape the future of fashion', said a press release today (July 19).

President of BGMEA Faruque Hassan delivered a keynote presentation highlighting the immense potential of Bangladesh and critical issues such as supply chain transparency, responsible sourcing, and ethical manufacturing practices. He solicited collaboration for a future where the fashion industry flourishes prioritising social, environmental, and responsible business norms and values.

The High Commissioner of Bangladesh to Australia, M Allama Siddiki, brought in the perspective of historic and cultural connections between the two nations and urged them to exploit them for strengthening bilateral trade and investments in mutual interests.

The event signified a milestone in fostering collaboration and strengthening the bonds between the apparel manufacturing industries of Bangladesh and Australian retailers.

The tremendous contributions of the Australian apparel market to the growth of the Bangladesh garment industry were underscored, both during the pandemic and in the post-pandemic era.

Discussions also encompassed issues related to the rights and well-being of the workers, ethical sourcing practices, and sustainable trading by brands fostering responsible business. The speakers also stressed the importance of trade policies enabling the business and economic interests of both countries, particularly with regard to policy priorities to support a smoother transition for Bangladesh's graduation from LDCs.

Among the speakers, Managing Director of Kmart Group Ian Bailey praised Bangladesh's transformation on social and environmental sides while stressing the importance of leveraging industry-level data and information sharing to steer supply chain efficiency and productivity. He opined on upgrading the tier 2 and tier 3 factories in Bangladesh while continuing the ESG standards in the tier 1 factories.

Antony Shaw, CEO of HSBC Australia, praised the progress Bangladesh has made in its industry and overall infrastructure. While HSBC takes pride in being a partner in this transformation, it reiterated its continued partnership with Bangladesh.

Joanne Ryan MP, Federal Member for Lalor and Chief Government Whip, made her special remarks at the closing of the event, assuring policy support that benefits the people and economies of both countries.

Matt Fregon, MP, Deputy Speaker of the Victoria Legislative Assembly, and Shadow Minister for Trade and Investment David Southwick, MP for Victoria, also attended the sessions at the Summit.

The event included an exclusive photo exhibition of Bangladesh and its rich heritage and nature. A product showcase was organised, featuring the latest collections and a diverse portfolio, which gave a clear impression of Bangladesh's capability.