Bangladesh readymade garment sector is going through some tough times.
Thanks to large-scale order cancellations, its apparel exports and revenue earnings have come down drastically in April. Even in May, experts believe there won’t be any significant turnaround considering the volume of new orders that are trickling in.
Faced with such a grim scenario, Bangladesh has sought a two-year duty-free market access to one of its major export destinations for apparel products.
In a recent telephonic conversation with the US Deputy National Security Adviser Matthew Pottinger, Bangladesh Foreign Minister Dr. AK Abdul Momen has requested the US administration to grant his country the duty benefit for readymade garments.
Dr. AK Abdul Momen also sought support from US towards ensuring that US buyers stand with Bangladesh in these trying times and refrain from cancelling work orders.
Apart from RMG products, the Bangladesh Foreign Minister informed the US Deputy National Security Adviser that Bangladesh is now producing Personal Protective Equipment (PPEs) and face masks – the much-needed safety shields for the frontline COVID-19 warriors – which it can import from the former if required.
Matthew Pottinger on his part reportedly ensured his Bangladesh counterpart of continuing support from USA in dealing with the challenges posed by the coronavirus breakout.