Environment, Forest, and Climate Change Adviser Syeda Rizwana Hasan has stated that there is no need for unnecessary anxiety regarding the United States’ impending counter-tariffs. Addressing attendees as the chief guest at the Sustainable Investment Policy Dialogue organized by the American Chamber of Commerce in Bangladesh (AmCham), she emphasized that the government is actively taking measures to address the issue.
The US announced a 35% counter-tariff on goods exported to the country, set to take effect from 1st August. Drawing parallels to the Rana Plaza tragedy, Rizwana Hasan reassured stakeholders that, despite initial fears, the garment sector rebounded through collaborative efforts between the government and industry players.
Highlighting ongoing sustainable initiatives, she noted significant investments in Bangladesh’s textile sector aimed at reducing water consumption and mentioned that the government is formulating policies to curtail the use of groundwater in industries. On renewable energy, she announced that instructions have been given to install solar panels on the roofs of all government institutions, with a goal to achieve 30% renewable energy use in manufacturing by 2030.
Rizwana Hasan also addressed environmental concerns in the textile industry, emphasizing the need for mandatory chemical management rules to eliminate the use of toxic substances in local products. Regarding climate justice, she pointed out that Bangladesh, despite being a victim of climate change, bears little responsibility, underscoring the importance of a fair global sustainable system.
She further emphasised that the costs associated with sustainable investments should be shared by both producers and consumers to ensure equitable protection for workers who underpin the economy.
The dialogue underscored Bangladesh’s commitment to sustainable development amid global trade uncertainties, with industry leaders and policymakers reaffirming their resolve to work collaboratively for a resilient future.
