Government starts foreign engagements to avert downturn
Collected
The government has started engaging with several foreign countries for widening the scope of avoiding the imminent decline in expatriate employment and export amid the COVID-19 pandemic.
The federal government has asked Bangladesh ambassadors and high commissioners in several countries to focus on those sectors furthermore to addressing today's crisis of attracting thousands of expatriate personnel house from abroad and cancellation of purchase orders by foreign buyers.
Within the COVID-19 contingency plan, Bangladesh has sought duty-no cost access for readymade garment products to the US market for just two years.
Foreign minister AK Abdul Momen manufactured the request on this regard to the government in a telephone conversation with deputy countrywide security adviser Matthew Pottinger on the subject of Tuesday.
He also sought support of the US authorities in order that export orders positioned by US buyers aren't cancelled, the foreign ministry said found in a press release.
THE UNITED STATES official assured Bangladesh of continuing support to handle the challenges of COVID-19.
Matthew Pottinger also appreciated Bangladesh for accepting Rohingya people of Myanmar who were stranded found in boats at ocean for weeks.
Momen, found in reply, sought strong part of some countries like the USA for expediting repatriation of the 1.1 million Rohingya refugees with their home in Rakhine.
Foreign secretary Masud Bin Momen instructed the Bangladesh missions overseas for efforts to hold back job cuts of Bangladeshi personnel on recipient countries and cancellation of procurement orders by the overseas buyers.
He gave the instructions in on-collection meetings with ambassadors and high commissioners held recently, according to many Bangladeshi ambassadors.
Following the containment of the spread of coronavirus, easy re-establishment of the air connectivity for steady out-bound transfer of goods and folks, consolidation of the work markets abroad and bringing in the export supply chain to be able will be the priorities, two ambassadors to a European and a Western Asian country said.
Post-pandemic international job markets will tend to be different as much countries might go for cost-cutting actions amid the global monetary recession and a fall on global oil price can be looming, a senior ambassador said.
The foreign employers might maintain hiring a restricted number of skill-based staff rather than employing unskilled and semi-skilled workers, said the diplomat.
Nearly all Bangladeshi imports were at the mercy of US duty and tariffs that have been equivalent to 15.2 % of the full total value of the country’s shipment to the united states, Pew Research Centre, a US-based exploration organisation said in a written report in 2018.
Here is the highest average rate among the 232 countries, territories and other jurisdictions in the ITC database, it said.
Overseas buyers have cancelled orders worth of around All of us$ 3 billion following coronavirus outbreak, affecting about 2.16 million employees in about 1,100 factories, Bangladesh Garment Manufacturers and Exporters Association stated in early April.
Source: https://www.newagebd.net
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