The MoU was signed between Bangladesh’s Ministry of Commerce and the Netherlands’ Ministry of Economic Affairs and Climate Policy.
The Netherlands and Bangladesh recently signed an MoU in Dhaka on cooperation in circular economy.
The domains include resource efficiency across the textile value chain, waste reduction, recycling, sustainable production systems and green transition in the textile and apparel sector.
Such cooperation is essential on the path to graduating from the LDC status, commerce minister Khandaker A Muktadir said.
As the country’s apparel and textile supply chain is deeply integrated with the global market, international cooperation in this sector needs to be strengthened further, Commerce Minister Khandaker Abdul Muktadir said.
Such cooperation is essential on the path to graduating from the least developed country (LDC) status, the minister was cited as saying by domestic media outlets.
The MoU emphasises on multi-stakeholder cooperation and knowledge sharing, which would help bring about the structural changes required in the textile sector, he added.
Fibre2Fashion News Desk (DS)