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 on June 15, a press release said Thursday.
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.
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.
