Pakistan and Bangladesh Enhance Trade Ties with Garment Industry Agreement

In a move to bolster economic cooperation, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA) have formalized a Memorandum of Understanding (MoU).

The agreement was executed on April 28 in Dhaka by BGMEA Administrator Anwar Hossain and PRGMEA Vice Chairman, Aamir Reyaz Chottani. High-profile figures such as Commerce Advisor SK Bashir Uddin and Pakistan’s High Commissioner to Bangladesh, Syed Ahmed Maroof, were present at the signing.

Key Objectives of the MoU:
  • Knowledge Transfer: To exchange effective strategies and specialized knowledge, boosting expansion and competitive advantage in apparel exports.
  • Industrial Partnership: To investigate potential collaborative projects that can improve industrial capabilities and efficiency.
  • Business Delegations: To arrange visits that will stimulate trade and investment activities between the two nations.
  • Trade Fair Participation: To promote involvement in trade events, providing a platform to present products and services.
Shared Goals:

The MoU highlights a mutual commitment to promote sustainable development, improve competitive ability, and capitalize on the distinct advantages of both countries in the garment and textile sectors. This alliance is designed to explore untapped prospects and encourage closer collaboration between these key players in the international apparel arena.

Aamir Reyaz Chottani, PRGMEA Vice Chairman, stated, “This MoU represents a crucial step in our mission to reinforce commercial and investment relations between Pakistan and Bangladesh. We anticipate a productive partnership with BGMEA to strengthen cooperation in the apparel export industry.”

Anwar Hossain, BGMEA Administrator, remarked, “We are eager to join forces with PRGMEA and discover avenues for mutually advantageous cooperation. This partnership will enable us to harness our respective strengths and enhance our standing in the global marketplace.”

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is the primary organization for Bangladesh’s garment sector.

The Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA) is a prominent association advocating for garment manufacturers and exporters in Pakistan.