BGMEA delegation pays call on WTO director general
A delegation from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) headed by its President Faruque Hassan met with the World Trade Organization (WTO) Director General Dr Ngozi Okonjo-Iweala in Geneva on 25 February.
This was the first-ever official bilateral meeting by any delegation from BGMEA with the director general of WTO, which included BGMEA Directors Asif Ashraf, Tanvir Ahmed and Abdullah Hil Rakib.
Dr Bright Okogu, chief of staff, office of the WTO director general; Stephen Fevrier, senior advisor to the WTO director general; Shishir Priyadarshi, director at development division; and Taufiqur Rahman, head of LDC unit, WTO were also present at the meeting.
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They discussed trade related issues, especially measures about the smoother transition for graduating LDCs including 10 years of transition time and continuation of trade related international support.
During the discussion, BGMEA President Faruqeu Hassan said the pandemic has affected all economies where the LDCs are more vulnerable to the crisis as they are facing huge health and economic shocks.
Under such circumstances, Bangladesh will require even more flexibility than before and longer preparatory periods to make a smooth transition and sustainable graduation from the LDC category, he said.
The BGMEA delegation urged the WTO in drumming up support of the WTO members in securing the extension of the transition period.
BGMEA President Faruque Hassan appreciated the WTO for supporting Bangladesh to improve the trade capacity and competitiveness.
The Enhanced Integrated Framework (EIF) of WTO has been providing trade-related support exclusively to the LDCs and BGMEA in establishing the centre of innovation, efficiency and OSH with support from the EIF II, he informed the DG of WTO.
The BGMEA chief underscored the need for more support measures from developed countries to prepare for taking up the challenges of a developing country and to make the supply chain more sustainable.
He emphasized on the supports including special financing scheme for SMEs and technical and financial assistance for technology adoption, re-skilling and up-skilling of people, and internal capacity building for reducing emission and promoting responsible and cleaner production.
The BGMEA president also called for the support of the WTO in capacity building in trade negotiation.
"We have to work on our internal capacity building as far as trade negotiation and economic diplomacy is concerned," he added.
He urged WTO to extend technical assistance to undertake feasibility researches on FTAs, RTAs.
Faruqeu Hassan sought WTO's intervention to ensure due diligence in trade in commercial terms in collaboration with its signatory members and global forums like WCO or UNCTAD or ICC.
"A number of global brands have gone bankrupted leaving their suppliers to uncertainties over payments. COVID exposed weaknesses in commercial terms and compliance in cross border transactions."
WTO Director General Dr Ngozi Okonjo-Iweala took note of the issues discussed in the meeting and assured of cooperation and support of WTO in this regard.
