BGMEA leaders meet Sri Lankan envoy in purview of FTA
BGMEA President Rubana Huq presenting a boquet to Sir Lankan High Commissioner Crisanthe De Silva. Photo Courtesy: BGMEA
The new board of Bangladesh apparel manufacturers’ top body have met Sri Lankan High Commissioner to Dhaka and discussed aspects of bilateral trade.
Lankan High Commissioner Crisanthe De Silva paid a courtesy call on Rubana Huq, president of Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA), on May 7, 2019, fresh after she took charge of BGMEA, says a press release issued from BGMEA.
During the meeting, they discussed issues relating to bilateral trade opportunities.
Among others present in the meeting were BGMEA’s Senior Vice President Faisal Samad, Vice President MA Rahim Feroz and Sri Lankan High Commission’s Attache Damith Gunarathna, said the press release.
WHY SRI LANKA IS SIGNIFICAT NOW
Back in October last year, Bangladesh was on the cusp of striking a free trade agreement (FTA) with Sri Lanka, which was especially aimed towards boosting apparel trade.
READ MORE: FTA with Sri Lanka in October
A high-powered business delegation of Sri Lanka led by its Development Strategic and International Trade Minister Malik Samarawickrama visited Dhaka and discussed the issue with then Commerce Minister Tofail Ahmed two months ahead of the general election.
But, eventually, the deal was not signed and its notion was not found after the new government of Prime Minister Sheikh Hasina took office in January 2019.
During talks, it was discussed that Bangladesh would export garments to Sri Lanka for further value addition before being shipped to Europe. BGMEA leaders expressed interest to form a joint working committee for value-added apparel production.
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