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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 […]

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

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

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

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,

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

In the first two months (July-August) of the current fiscal year 2023-24, products worth $9.37 billion have been exported with 9.12 percent growth comparing the same period last year. Overall merchandise exports have been on a positive trend so far in the current fiscal, mainly due to growth in readymade garments exports. In the first

Apparel and textile makers are facing shorter lead times and split order pressure due to changing buying patterns by most buyers. This change in buying behaviour also pushes them to maintain higher inventory, which increases the exporter’s overhead costs, according to industry insiders. They also say textile makers are facing challenges in opening new letters

The import of woven fabrics declined by 25.97 percent in the first seven months of this calendar year, compared to the same period last year, as garment makers have brought down their reliance on imported products because of an increase in local production. Another reason is that international clothing retailers and brands now demand a

According to a recent report, Bangladesh’s garment industry has touched a new milestone of 200 green factories. Moreover, 500 factories are awaiting to receive USGBC certification. This is really a significant achievement for Bangladesh’s garment industry in its journey towards sustainable industrialization. It also proves the commitment of Bangladesh’s apparel industry towards sustainability. Despite the