According to the International Chamber of Commerce-Bangladesh (ICCB), Bangladesh has significant potential to lead sustainable fashion by embracing circular economy principles. This model prioritises extending the lifecycle of materials, reducing waste, and minimising pollution.
The ICCB’s Quarterly News Bulletin emphasised that recycling fabric waste and promoting second-hand clothing markets could lower environmental impact while enhancing profitability. The report also highlighted opportunities in converting agricultural byproducts, such as rice husks and jute residues, into bioenergy and organic fertilisers, fostering sustainable farming practices.
Bangladesh generates approximately 3,000 tonnes of plastic waste daily, with only 30% being recycled. Inefficient management of electronic and agricultural waste exacerbates environmental degradation. Investing in recycling infrastructure and waste-to-energy projects could address these issues and deliver substantial economic benefits.
Adopting a circular economy approach—focusing on waste elimination, extending product lifespans, and regenerating natural systems—presents a viable path to sustainable growth. This strategy not only curtails greenhouse gas emissions and pollution but also unlocks new economic opportunities, according to the ICCB.
Founded in 1994, the Bangladesh National Committee of the International Chamber of Commerce (ICC) comprises of trade organisations, national and multinational corporations, collectively representing nearly 80% of the country’s economy.
ICC Bangladesh focuses on promoting foreign trade and investment, conducting trade policy reviews, and facilitating business dialogues. Its activities also include organising seminars and workshops on policy-related issues both domestically and internationally, harmonising trade laws and regulations, advocating legal reforms, and updating businesses on ICC rules and standards for cross-border transactions.
