DHAKA, July 19, 2023 (BSS) - The Bangladesh Apparel Summit was held at
Melbourne, Australia yesterday organized by the Bangladesh Garment
Manufacturers & Exporters Association (BGMEA) in collaboration with the HSBC
Bank, supported by the High Commission of Bangladesh to Australia.
This summit brought together a number of 130 participants from diverse range
of stakeholders, including buyers, retailers, suppliers, consumers,
development partners, and supportive Australian government policymakers,
creating an opportunity for fruitful discussions, meaningful interactions,
and the exchange of ideas and information.
Throughout the day, the esteemed speakers shared their insights through
opening plenary and two panel discussions titled 'Trade between Australia and
Bangladesh - Charting the path for next decade' and 'Sustainability matters -
ESG collaborations to shape the future of fashion', said a press release
today.
President of BGMEA Faruque Hassan delivered a keynote presentation
highlighting the immense potential of Bangladesh and critical issues such as
supply chain transparency, responsible sourcing, and ethical manufacturing
practices. He solicited collaboration for a future where the fashion industry
flourishes prioritizing social, environmental, and responsible business norms
and values.
High Commissioner of Bangladesh to Australia M Allama Siddiki brought in the
perspective of historic and cultural connections between the two nations and
urged to exploit it for strengthening bilateral trade and investments on
mutual interests.
The event signified a milestone in fostering collaboration and strengthening
the bonds between the apparel manufacturing industries of Bangladesh and
Australian retailers.
The tremendous contributions of the Australian apparel market to the growth
of the Bangladesh garment industry was underscored, both during the pandemic
and in the post-pandemic era.
Discussions also encompassed issues related to rights and well-being of the
workers, and ethical sourcing practices and sustainable trading by brands
fostering responsible business. The speakers also stressed upon the
importance of trade policies enabling business and economic interests of both
countries, particularly with regard to policy priorities to support smoother
transition for Bangladesh's graduation from LDCs.
Among the speakers, Managing Director of Kmart Group Ian Bailey praised
Bangladesh's transformation on social and environmental sides, while stressed
on the importance of leveraging industry level data and information sharing
to steer supply chain efficiency and productivity. He opined to upgrade the
tier 2 and tier 3 factories in Bangladesh while continuing the ESG standards
in tier 1 factories.
Antony Shaw, CEO of HSBC Australia praised the progresses Bangladesh has made
in its industry and the overall infrastructure. While HSBC takes pride in
being a partner of this transformation, he reiterated continued partnership
with Bangladesh.
Joanne Ryan MP, Federal Member for Lalor and Chief Government Whip made her
special remarks at the closing of the event assuring policy supports that
benefits people and economies of both countries.
Matt Fregon, MP, Deputy Speaker of Victoria legislative and Shadow Minister
for Trade and Investment David Southwick MP of Victoria also attended the
sessions in the Summit.
The event included an exclusive photo exhibition of Bangladesh and its rich
heritage and nature. A product showcasing was organised featuring the latest
collections and diverse portfolio, which gave a clear impression of
Bangladesh's capability.