Bangladesh, Germany strengthen coop thru’ signing tech deals
Business Desk :
In a significant step towards promoting sustainable development, three technical cooperation agreements were signed on Wednesday between Bangladesh and Germany.
The agreements, amounting to €14.45 million, focus on advancing sustainability in the textile sector, localizing national climate adaptation targets, and transitioning to sustainable e-mobility.
Md Shahriar Kader Siddiky, Secretary of the Economic Relations Division (ERD), Ministry of Finance, and Andreas Kuck, Country Director of GiZ in Bangladesh, signed the agreements, marking a new chapter in Bangladesh-Germany bilateral cooperation, said an ERD press release.
The Project Details: 1. Programme for Sustainability in the Textile Sector II (STILE-II). Total Project Fund: €7,300,000 where the Ministry of Commerce is the sponsoring ministry.
The main objectives are to support public and private actors in modernizing Bangladesh’s textile and ready-made garment (RMG) industries to align with European Union sustainability standards.
The Key Outputs: Coordination efforts led by the Ministry of Commerce to align the textile and RMG sector with EU standards.
Implementation of policies and instruments to strengthen the textile and RMG sectors. Promotion of gender equality in working and living conditions for workers.
2. Support for the Localization of National Climate Adaptation Targets (LOCAT). Total Project Fund: €3,000,000 where the sponsoring Ministry is LGRD.
The main objectives are to enhance the institutional capacity of local governments in implementing City Climate Action Plans aligned with Bangladesh’s National Adaptation Plan.
The Key Outputs: Development of methodological tools for gender-responsive urban climate action plans.
Establishment of a robust multi-level learning framework for city climate action.
3. Transition to Sustainable E-Mobility (Trans2SMo). The Total Project Fund: € 4,150,000 where the sponsoring entity is the Power Division.