Desk Report: German Ambassador in Dhaka Achim Troster. Said, Bangladesh must ensure human rights, rule of law, sound labour and environment standards, as well as good governance to enjoy trade privileges in the Germany market in the days to come.
He was speaking as the special guest at the celebration of the 50th anniversary of the German-Bangladesh diplomatic relations organized by the Bangladesh-German Chamber of Commerce and Industry (BGCCI) at a city hotel on Sunday. By 2026, Bangladesh will be a middle income country and is likely to experience several challenges including high tariffs in the EU markets.
German parliament passed the Supply Chain Due Diligence Act (LkSG) – also known as the Supply Chain Act. The new German Supply Chain Act, which will come into force on January 1, 2023, primarily focuses on human rights issues, but also includes environmental considerations.
“To expand German-Bangladesh bilateral trade in future, new export sectors need to be harnessed keeping in mind the environment and labour-friendly production.”said, German Ambassador. Ambassador-at-large Mohammad Ziauddin, executive adviser and CEO of BGCCI Ambassador Shahed Akhtar and Bangladesh Ambassador to Germany Md Mosharraf Hossain Bhuiyan also spoke on the occasion.