A recent study reveals that global buyers should redistribute orders to support financially weak countries.
Trade Data
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Trade Data
Insolvency regime in the backdrop of COVID-19 and BGMEA’s efforts to find reform measures
BGMEA is working to find reform measures for insolvency regime.
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Survey finds Bangladesh apparel sector relies on too few buyers, and it has its very own pitfalls, which was brought to the fore during the COVID-19 pandemic.
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Garment makers in Bangladesh demand increase in wastage percentage by 2.5 times, moving from the current 16 per cent wastage (cotton to yarn to fabric to finished products) as set by the Commerce Ministry for the whole production process, t
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Local mills are able to meet around 90 per cent of fabric demand for the knitwear segment but when it comes to woven, only 35 per cent of the demand for the woven fabrics can be fulfilled locally.
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Increase in air cargo charges from the Hazrat Shahjalal International Airport has emerged as a major worry for garment exporters in Bangladesh.
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The BGMEA, with around 4,500 members and run by a 35-member board of directors, including seven vice-presidents, is scheduled to hold the biennial election for the next term on 4 April, 2021.
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The EU is a very important export destination for Bangladesh, where around 61 per cent of Bangladesh’s exports head, thanks to the trade privilege that it currently enjoys there as an LDC.