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Dhaka Tribune

Commerce Minister: Explore new markets to sustain RMG industry

The government is ready to assist further the RGM sector to offset the losses, he says

Update : 16 Jan 2021, 02:55 PM

Commerce Minister Tipu Munshi has stressed the need for exploring new markets for Bangladesh's ready-made garments (RMG) sector to overcome the crisis created by the coronavirus pandemic.

"Bangladesh has to look for new markets including in the neighbouring countries for its diversified products including RMG that will help the country to recover the crisis. The garment sector overcame the effects of the first wave of the Covid-19 to some extent but we have started to feel the impact following the second wave," said the minister at a virtual dialogue on Saturday. 

Centre for Policy Dialogue (CPD) organized the dialogue on "Recovery of the Apparels Sectors from the Covid-19 Crisis: Is a Value Chain based Solution Possible?" in partnership with Southern Voice, and Institute of Policy Studies of Sri Lanka (IPS) was the study partner.

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Tipu Munshi said the government is ready to assist further the RGM sector to offset the losses. "We have to see the interest of all people including manufacturers, workers and buyers."

Harry Verweij, Dutch ambassador to Bangladesh, said their government urged companies not to cancel order of Bangladesh's RMG products.

"Many companies also followed the government's directives and purchased Bangladesh's products amid the Covid-19 pandemic. Our government also took many positive initiatives as well," he said.

Prof Mustafizur Rahman, distinguished fellow of CPD, moderated the session while its Research Director Dr Khondaker Golam Moazzem read out the keynote presentation.

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