Finance and Planning Minister, Amir Khosru Mahmud Chowdhury acknowledged the significant challenges facing the economy, including indicators of rising poverty, declining investment and shrinking employment.
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Trade representatives also called for adjustments to letter-of-credit (LC) margins to sustainable levels and urged the government to take effective steps to stabilise the foreign exchange market.
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The expansion is aimed at scaling production capabilities to meet growing international demand, particularly from leading global brands.
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The measures, launched by the newly formed government, aim to address domestic economic challenges and secure continuity of key trade benefits ahead of the scheduled graduation date.
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Representatives of major international apparel brands have broadly welcomed the recent 13th parliamentary election in Bangladesh, describing the peaceful transition of power as a positive indicator for business continuity and investment confidence.
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Discussions centred on expanding market access for Bangladeshi apparel products in France, strengthening business-to-business linkages and facilitating smoother trade processes.
