Desk Report: President of Brazilian Cotton Growers Association (ABRAPA) Julio Cesar Busato paid a courtesy call on BGMEA President Faruque Hassan at the latter’s office in Gulshan, Dhaka on June 15.
They had discussions on the present situation of global cotton market, price stability, demand and
supply, challenges of supply chain.
They also talked about how the cotton supply chain can be strengthened to meet the growing demand
of RMG and textile industry of Bangladesh
The issue of existing challenges and barriers to cotton import and exports and possible ways to address
them got due importance in their discussion.
Cotton is the main feedstock of the export-oriented garment export industry in Bangladesh as 75% of
the total exported garments are produced from cotton
BGMEA President Faruque Hassan said Brazil is the fourth largest cotton producer and second top
exporter while Bangladesh is the second largest cotton importer in the world, hence both countries has
potential to derive more mutual trade benefits.
BGMEA Vice President Shahidullah Azim, Vice President (Finance) Khandoker Rafiqul Islam, Director of
International Relations at ABRAPA Marcelo Duante Monteiro, Commercial Specialist at Brazil Embassy in
Bangladesh Nahid Ferdousi were also present on the occasion.