The US Deputy Secretary of State Stephen E. Biegun is all set to visit Bangladesh after winding up his India trip (12-14 October) where the Deputy Secretary of State is scheduled to deliberate on how the two countries can work together to advance peace, prosperity and security in the Indo-Pacific region and around the globe while also focussing on advancing the ‘United States-India Comprehensive Global Strategic Partnership’. As per media reports, during his Dhaka visit, Bangladesh is planning to take up the issue of duty-free market access of ‘Made in Bangladesh’ apparel products to the USA for a period of 3 years. Keeping in consideration the economic fallout of the COVID-19 pandemic and try to ensure a speedy recovery of the readymade garment sector – severely impacted by the coronavirus outbreak – Bangladesh Foreign Minister AK Abdul Momen will make a request to this end to the US Deputy Secretary of State, claimed reports. AK Abdul Momen is also likely to propose the US to invest in infrastructure development in Bangladesh under its Indo-Pacific Strategy (IPS), during his discussions with Stephen E. Biegun. The Bangladesh Foreign Minister reportedly said that his country has no objection regarding USA’s IPS, but USA must come forth in infrastructure development in Bangladesh to make IPS effective.
August has been a great month for the Bangladeshi RMG industry, as far as the US market is...Read More