Plastic goods manufacturers on Wednesday suggested the government should create skilled manpower and develop infrastructure to face challenges confronting the country following its graduation from the LDC status.
"As we became eligible for graduation from the LDC to a developing nation, we have to deal with various challenges," president of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) Jasim Uddin told a press briefing at its office in the city.
He also suggested creating a knowledge-based administration for sustaining the graduation status.
Congratulating the government for attaining the 'developing country' status, he said the joint efforts by the government and the private sector have made it possible.
He, however, hoped that following the graduation, the plastic industry would not face any stiff competition, as Bangladesh exports plastic products mainly to Asian countries.
He said that if this sector gets policy support and requisite facilities, the volume of exports from the country would be between $6.0 billion and $7.0 billion by 2030.
He also put forward some suggestions for the overall development of country's plastic sector.
The suggestions include ensuring financial and other facilities for getting international standard certificate on exportable goods and facilitating the process of registration for international copyrights/intellectual property rights for exportable goods.
© 2023 - All Rights with The Financial Express