23 November, 2016: Back to back meeting with Bangladesh Bank, and Ministry of Commerce

I was privileged today (23 November, 2016) to participate into two very imperative meetings one after another from the ends of BKMEA, starting at 11 AM.

In front of Foreign Exchange Policy Department, Bangladesh Bank.

At the first meeting titled "Issuing Master Circular concerning Alternative Incentive Mechanism to existing Apparel Duty Bond and Duty Draw Back System", lots of issues were discussed mainly by addressing two points-

1.  International banking documentation procedure,
2. Alternative mechanisms to initiate providing incentives toward businesses.

In front of the premise of Bangladesh Secretariat just after the meeting attended titled "Preparatory Meeting on Potential Agenda to be discussed in TICFA 3rd Meeting".

At the second meeting titled "Preparatory Meeting on Potential Agenda to be discussed in TICFA 3rd Meeting", I did portray following points before other distinguished guests to be noted with care,

1. Globally reputed brands are realizing the maximum amount of the value from retailing ready-made garments (RMGs), so the catchy point could be for Bangladesh is, if we start attracting Foreign Domestic Investments through TICFA not into traditional RMGs manufacturing units which is already super-exposed by country investors but into the part of Retail Branding Establishment, where huge investment is needed from building capacity of fashionable RMGs designing to forecast fashion trends of those markets where those brands will be operating then, it would be great.
2. There should be unified code of conduct for export oriented RMG businesses to comply with, otherwise it is really a tough thing that is existing now, to go under 10-12 audits yearly, and to take at least 30 certificates from different certifying agencies to be an eligible RMG exporter for the market of the United States of America (#USA). Hence, this could be discussed under TICFA to bring all these certifications and audits under one platform to save time, money, efforts and resources in order to excel bilateral trade between the USA and #Bangladesh further.