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Bangladesh Calls on Indonesia to Facilitate Market Entry for Ready-Made Garment Products

BTJ Desk Report
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Bangladesh Calls on Indonesia to Facilitate Market Entry for Ready-Made Garment Products

Bangladeshi Foreign Minister AK Abdul Momen recently urged his Indonesian counterpart, Retno Marsudi, in Jakarta to facilitate market access for Bangladesh’s ready-made garment (RMG) products. Expressing dissatisfaction with the bilateral trade volume exceeding $3 billion, Momen highlighted the significant trade imbalance between the two countries. He expressed hope for the swift conclusion of a bilateral preferential trade agreement.

Additionally, the two ministers signed a memorandum of understanding (MoU) focused on cooperation in the energy sector. This MoU aims to promote the long-term sale and delivery of conventional energy sources, as well as the development of new and renewable energy sources and power plants in Bangladesh.

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