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Circular economy vital for Bangladesh’s industry: Minister
Commerce Minister Khandaker Abdul Muktadir on Wednesday said the transition to a circular economy is a key prerequisite for strengthening Bangladesh’s industrial competitiveness, sustainable growth and global market position.
“The global market is changing rapidly. Sustainable production is now a key determinant of competitiveness in international trade. Buyers, investors and consumers are increasingly interested in production systems that reflect efficiency, responsibility and long-term stability,” he said.
He made the remarks while speaking as the chief guest at a seminar titled “Accelerating circular economy transformation in Bangladesh through SWITCH2CE pilot initiative,” jointly organised by the Ministry of Commerce and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at a hotel in Dhaka.
Commerce Ministry Secretary (routine charge) Md Abdur Rahim Khan chaired the event.
EU Ambassador to Bangladesh Michael Miller and BGMEA President Mahmud Hasan Khan also spoke as special guests, reports UNB.
The minister said the pilot activities under the “SWITCH to Circular Economy” programme have already demonstrated that the transition to a circular economy is not a theoretical concept, but a practical and achievable process already in implementation.