He also said remittance would increase if directed through formal channels
State minister for Ministry of Expatriates Welfare and Overseas Employment Imran Ahmed has said high migration cost is killing migrants and expatriates.
He made the statement at the regional consultation on Global Compact on Migration (GCM) held at Pan Pacific Sonargaon Hotel in Dhaka on Saturday.
The event was organized by the Ministry of Foreign Affairs, International Organization for Migration (IOM), and International Labour Organization (ILO).
State Minister for Foreign Affairs Shahriar Alam was also present at the inaugural ceremony.
The chief guest, Imran Ahmed said: "High migration cost is killing migrants. We should try to reduce it.
"Bangladeshi migrants send home $15 billion, but this could have been in the range of $20-25 billion annually if all the remittance could be directed via formal channels."
Shahriar Alam said: "We are advocating for ethical migration, lower cost of remittance, voluntary repatriation, and reintegration.
"Protecting migrants is not the responsibility of any government or any one country but a global responsibility" he added.
“We have taken attempts to resolve the Rohingya issue bilaterally with Myanmar. We require concerted efforts on migration at the global, regional, national, and local levels,” Shahriar Alam further said.
Secretary of Foreign Affairs Shahidul Haque, Civil Society Action Committee coordinator Colin Rajah, permanent representative of Spain to the UN and co-facilitator of the International Migration Review Forum Agustin Santos Maraver, and IOM Bangladesh Chief of Mission Giorgi Gigauri also spoke on the occasion.
At the Global Forum on Migration and Development (GFMD) in December, 2018, a total 152 United Nations member states, including Bangladesh, voted to adopt the GCM in Marrakech, Morocco.
Although not legally binding, the compact provides a strong intergovernmental platform for cooperation on migration, drawing on international law. The GCM defines 23 objectives and 187 actions covering all aspects of migration, with each objective comprised of a general goal and catalogue of possible actions.
The GCM will be implemented in cooperation and partnership with migrants, civil society, migrant organizations, faith-based organizations, local authorities and communities, the private sector, trade unions, parliamentarians, national human rights institutions, the international Red Cross and Red Crescent organizations, academia, the media, and other relevant stakeholders along with governments.