Opening Speech at Seminar on  "German Supply Chain Due Diligence Act"
Channel: Bangladesh-German Chamber of Commerce & Industry
Date: 17/09/2023

Opening speech by Mr. M. Maksud, President of BGCCI 
 🌟 Highlighting Insights from BGCCI Seminar🌟
On September 14th, 2023, BGCCI organized an enlightening seminar on the "German Supply Chain Due Diligence Act," featuring distinguished speakers and thought leaders. The event witnessed a remarkable turnout, with a substantial number of BGCCI members and other stakeholders actively participating. Here's a recap of the key highlights:
🤵‍♂️ Chief Guest: Mr. Faruque Hassan, President of Brand BGMEA, graced the event with his presence and shared valuable insights.
🎤 Keynote Speaker: Dr. Michael Klode, Project Manager at GIZ Bangladesh, delivered an informative keynote presentation.
🤝 Stakeholder Engagement: The event brought together a diverse group of stakeholders, including BGCCI members, industry experts, and policymakers. Their active participation underscored the significance of the seminar and the collective commitment to addressing pressing global trade issues.
🌍 Global Outlook: Mr. Maksud, President of BGCCI, opened the seminar with a focus on the German Supply Chain Due Diligence Act's significance and its positive implications for Bangladesh's economy. He underscored Bangladesh's impressive growth trajectory and its aspirations to graduate from LDC status by 2026.
💼 Challenges & Opportunities: Mr. Hassan addressed the challenges facing Bangladesh's RMG industry, including the impact of the Russia-Ukraine war, rising production costs, and economic fluctuations in importing countries. He also highlighted the industry's exceptional performance in recent fiscal years, showcasing robust export growth.
🌱 Sustainability Vision 2030: Mr. Hassan introduced BGMEA's Sustainability Vision 2030, emphasizing environmental, social, and governance (ESG) goals. These include reducing carbon emissions, using sustainable materials, and promoting gender equality.
🤝 Responsible Business Practices: Mr. Hassan stressed the importance of responsible business practices, calling for collaboration among stakeholders, including buyers, development partners, and governments, to ensure a level playing field.
🔍 Due Diligence Commitment: BGMEA's commitment to due diligence was evident through the establishment of the "Responsible Business Hub" to support manufacturers in complying with new regulations and reporting requirements related to human rights and environmental due diligence.
🌏 Global Resilience: Despite challenges like the COVID-19 pandemic and geopolitical tensions, Bangladesh's RMG industry has demonstrated resilience and commitment to sustainability, solidifying its reputation on the global stage.
The seminar also featured a keynote presentation on the topic by Dr. Michael Klode and a Vote of Thanks from Dr. Md. Kamruzzaman, BGCCI Senior Vice President.
Stay tuned for more updates and insights as we continue to explore the evolving landscape of global trade and sustainability. 🇧🇩 🇩🇪 🌐📈🌿

#BGCCI #Sustainability #GlobalTrade #DueDiligence #BangladeshEconomy #TradeDevelopment