CPD RMG Study Stitching a better future for Bangladesh
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Garment shipment to the US, the country’s single largest export destination, declined 7.47 percent year-on-year to $5.2 billion in 2016-17 largely because of higher duty, longer lead-time, and lower prices, the Daily Star reported.
Apparel exporters also blamed the appreciation of the local currency against the American greenback, less imports by US retailers and inefficient port operations in Bangladesh, for the fall in garment export, the report added.
Feeder vessels impose extra surcharges, limit voyages
The country’s export-import activities are facing severe blow as feeder vessel operators have imposed additional surcharge as congestion in Chittagong port has mounted, Financial Express reported.
The operators have also limited the number of their voyages to the port, the report added.
