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Bangladesh exported apparel items worth $1.22 billion to Japan marking a 43.79% growth during July-March period in the ongoing FY23 The country’s readymade garment (RMG) exports to Japan continued to grow by more than 43% to cross the billion-dollar mark in the first nine months of the current FY23. Bangladesh exported apparel items worth $1.22 […]

Bangladesh’s exports to Asian markets are growing steadily thanks to increasing demand from several major markets but the country needs to sign trade pacts and diversify products in a continent where the consumer class is fast expanding.      Between July and March of the current financial year, exporters shipped $5.26 billion worth of goods to Asian

Exporters have said that they are facing challenges in adjusting their additional production costs due to gas and electricity price hikes within the country. Additionally, the price hikes of locally sourced raw materials have affected businesses dealing in jute products and frozen and live fish, they added. Data from the Export Promotion Bureau (EPB) show

Swedish fashion giant H&M has released its 2022 sustainability report, which details its progress toward meeting its goals for minimizing its environmental consequences. In 2022, 84% of the materials used by retailers were recycled or sourced in a more sustainable manner. This brought the company closer to its objective of having 100% of its materials

The Chittagong Port Authority (CPA) has decided against implementing the new container-weight limit amid protests against the same fearing shipment-cost escalation even as the CPA had moved to enforce the verified gross mass (VGM) of 30.48 tonnes in case of both 20-foot and 40-foot containers. This is as per media reports, which cited the sources

When Shefali Akter first sought a job at a garment factory near Bangladesh’s capital, the crowding, heavy workload and poor salary led the 19-year-old to resign after a year and return to her rural home in northern Bangladesh. But when she came back to the garment factory region west of Dhaka with her new husband

Biodegradable fabrics may be set to take over the fashion industry in 2023, as sustainability and cost increasingly play into mainstream brands’ strategy. The traditional choice between synthetic fabrics such as nylon and organic materials such as cotton is rapidly disappearing as a range of new, innovative fabrics emerge that utilize the latest technology to

Bangladesh’s apparel export to the European Union’s (EU) market saw 15.04% growth during July-January of fiscal 2022-23. As per the Export Promotion Bureau (EPB), the apparel export increased to $13.73 billion during July-January of fiscal 2022-23 from $11.94 billion in July-January FY22.  Germany, being the largest European market, fetched $4.06 billion with only 0.83% growth compared

Bangladesh’s readymade garment (RMG) exports earned $3.94 billion with a 12.31% year-on-year growth in the single month of February, according to data published by the Export Promotion Bureau (EPB). Among the RMG exports, both knitwear and woven apparel witnessed export witnessed significant growth. In February knitwear segment witnessed a 16.94% growth and earned $2.09 billion.

Local apparel manufacturers have demanded additional 2% cash incentives on export of RMG products to Sweden and Poland as such export is being deprived of the facility. Currently, RMG exporters enjoy 4% cash incentives if they export goods to non-traditional markets, excluding the EU, the UK, Canada and the US, sources said. Besides, they enjoy