The garment sector of the country is going through an extremely critical situation. The rising cost of fuel including gas, electricity is increasing the production cost of garment exporters. On the other hand, orders from international apparel retailers and brands have fallen due to record-high inflation in the West. Enterprenuers are unable to open LC […]
Garment industry in critical situation Read More »
In July-September, the first quarter of the fiscal year 2023-24, Bangladesh’s apparel exports to non-traditional markets increased by 24.93 percent to $2.24 billion from $1.80 billion in the same period of the previous year. While Bangladesh’s apparel to the majority of non-traditional, or emerging markets are witnessing strong growth, its performance in neighboring India, an
Apparel exports to major non-traditional markets rise, fall in India Read More »
Bangladesh is developing its first National Wage Policy to set standards for determining wages of all workers, including those in agriculture and transport sectors, domestic service, and the informal sector, which are currently not covered by the Minimum Wage Board. At present, 44 sectors are covered by the Minimum Wage Board in the country. When
National Wage Policy in the making to ensure fair pay for all Read More »
Industry insiders and experts say a GSP facility for clothes made with US cotton will be a win-win for both Bangladesh and the USA. Bangladesh holds a strong position in cotton-based clothes manufacturing, but meets 98 per cent of its cotton demand through imports. Currently, the US cotton market share in Bangladesh is only 5.5
Exporters seek deeper trade with US despite tensions Read More »
The international clothing retailers and brands are not paying any premium prices to the local garment manufacturers and suppliers for their green initiatives, a commitment to save the environment and following compliance in business. The local apparel suppliers have already spent few hundred millions of US dollar to construct the green garment factories to be
Local apparel suppliers are deprived from premium prices for greening the RMG factories Read More »
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently urged the Chattogram Port Authority (CPA) to enhance the capacity of the port as per a demand of the export-import sector, particularly the readymade garments (RMG) industry. It also called for enhancing port efficiency to handle cargo within the shortest possible time. BGMEA president Faruque Hassan
BGMEA urges Chattogram Port Authority to enhance capacity, efficiency Read More »
The United States has urged Bangladesh to take action to address the export of counterfeit clothing items from the second-largest garment supplier to the world’s largest economy. The concerns were raised and discussed during the seventh round of the Trade and Investment Cooperation Forum Agreement (Ticfa) between Bangladesh and the US in Dhaka on September 20,
US wants govt action against counterfeit apparel exports Read More »
The BGMEA made the demands in a letter sent to Action, Collaboration, Transformation (ACT). The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today urged the members of Action, Collaboration, Transformation (ACT) for fair pricing and ethical sourcing of garment items from Bangladesh. The BGMEA made the demands in a letter sent to ACT, a joint
BGMEA demands fair price from buyers Read More »
