Sweden keen on expanding trade ties with Bangladesh

Sweden is keen on expanding trade relations with the Bangladesh for benefit of the people of both the countries, observed Swedish Ambassador Johan Frisell recently. “Bangladesh exports garments worth US $ 5 billion every year to one of its known brands H&M. Hence, the readymade garment sector in Bangladesh is also expected to derive benefits from the cooperation, said Frisell while speaking at a function in Dhaka.

Earlier in September, Sweden signed an agreement with Bangladesh and ILO to start a new initiative for improving working conditions and rights for all workers in the readymade garment industry of Bangladesh under which Sweden will spend US $ 5.4 million.