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EU-Bangladesh organise event to discuss current trade status

European Parliament of the European People’s Party (MEP) in cooperation with the Bangladesh Embassy in Brussels held a multi-stakeholder event titled ‘EU-Bangladesh Apparel Trade: A Time for a Reality Check’ create a platform to discuss the current state of the European Union-Bangladesh garment trade. At the event, former BGMEA President and Advisory Committee member of the Commerce Minister of Bangladesh Shafiul Islam Mohiuddin addressed some of the issues raised later on subcontracting, the fire safety standard and the Rana Plaza tragedy.

State Minister Shahriar Alam said that the sea change in Bangladesh’s RMG industry over the past seven years, especially as a result of the concerted efforts of many dedicated actors and Prime Minister Sheikh Hasina envisioned a Bangladesh where prosperity and social justice coexist in a prosperous economy and our social partners work together to manage industrial relations in harmony. He called on Brussels stakeholders to help set a positive agenda for EU-Bangladesh trade relations beyond ‘disseminating relentless misinformation by some malls’.

Bangladesh Power Development Board (BPDB) has proposed to raise the bulk tariff of electricity by 23.28 per cent from this year and the minimum wage increased 51 percent by now. In this current situation, Bangladesh RMG must highlight the fair price of products to sustain the RMG industry.