Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested the Commerce Ministry to simplify export procedures so that the apparel sector can tackle the challenges posed by the pandemic.
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Bangladesh’s apparel exports to the US sustained a negative growth of over 8% YoY and fetched $1.53 billion in January-March 2021, down from $1.67 billion in 2020. The exports from China and Vietnam saw positive growth.
538 manufacturing units face a risk of unrests due to lack of Eid-ul-Fitr festival allowance, wage payments, mass termination, etc. The government ordered owners to pay April wages and festival allowance by May 10, 2021.
The Bangladesh Garments Manufacturer and Exporter Association (BGMEA) recently published the first-edition of its Sustainability Report from an association level. The report is an attempt to assess its performance in the changing business landscape of the new normal.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) drawn up an ambitious blueprint achieve $50 billion export earnings by 2021 from the apparel sector.
Bangladesh’s total readymade garment (RMG) shipment touched $28.09 billion in the last fiscal, of which trousers topped the list of apparel exports item accounting for more than 22 per cent.