Australia wants to export raw material for Bangladesh garments industry

 Mary Payne & AK Abdul Momen

Australia has expressed interest in exporting fur as a necessary raw material for Bangladesh’s garment industry. The country says that the wool produced in their country can play a good role in the production of products in the garment sector of Bangladesh.

Foreign Minister at a bilateral meeting held at the Security Conference in Munich, Germany. Australian Foreign Minister Mary Payne expressed this interest to AK Abdul Momen.

Throughout the meeting, Bangladesh and Australia discussed ways to further enhance trade and economic cooperation through the Trade and Investment Framework Arrangement (TIFA) signed last year, the foreign ministry said in a press release yesterday.

The two Foreign Ministers also said that there is an opportunity to bring more diversification in the import and export of the two countries.