Mongolian non-resident Ambassador Ganbold Dambajav met leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in Dhaka on Sunday to explore opportunities for boosting bilateral trade, investment and broader economic cooperation between the two countries, reports BSS.
The meeting was held at the BGMEA Complex in Uttara, where both sides discussed potential avenues for deepening partnership, particularly in the apparel, textile, leather and value-added manufacturing sectors. Nasrin Fatema Awal, Honorary Consul General of Bangladesh in Mongolia, accompanied the Ambassador.
Acting BGMEA President Selim Rahman led the association's delegation, which included BGMEA Directors Shah Rayeed Chowdhury, Nafis-ud-Doula, Sumaiya Islam, Kazi Mizanur Rahman, Asef Kamal Pasha, Rumana Rashid and Samiha Azim.
Welcoming the Ambassador, the BGMEA Acting President said the association has taken initiatives to diversify export markets and identify new strategic partners. He described the meeting as "timely and significant" in advancing Bangladesh's engagement with emerging markets such as Mongolia.
During the meeting, Ambassador Dambajav highlighted Mongolia's growing interest in expanding exports of cashmere-based apparel and leather goods. He said Bangladesh could serve as a highly competitive partner in value addition, joint processing and textile manufacturing given its global expertise in the apparel sector.
The Ambassador encouraged Bangladeshi entrepreneurs to explore direct investment opportunities in Mongolia, especially in strategic minerals, value-added industries and logistics. He noted that Mongolia's Economic Partnership Agreements (EPAs) with the European Union, Japan and several other economies offer tariff benefits to investors, creating new opportunities for Bangladeshi businesses targeting these markets.
He also underscored Mongolia's rising demand for skilled workers in construction, roads and highways, railway development, agriculture and mining, suggesting that Bangladesh could tap into this demand through enhanced labour cooperation.
