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Bangladesh lagging behind in Garment exports to US

Garment shipment to the US, Bangladesh's single largest export destination, grew only 3.41 percent in the first quarter of the fiscal year in a worrying development for exporters who hope to hit $50 billion in receipts by 2020. In the first quarter of 2017-18, apparel shipments fetched $1.36 billion, according to the Export Promotion Bureau.

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Bangladesh ranked 177th in ease of doing business

Bangladesh has gone one notch down in the World Bank's ranking of ease of doing business mainly due to the hurdle businesses face here at the start of their operations. The WB's Doing Business report 2018 released yesterday showed that Bangladesh achieved slightly more points than last year's but still its ranking slipped for fall in some indicators in addition to starting business.

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Diversity in export basket bears good fruit for Bangladesh

Shipments of non-apparel items rose 7.49 percent year-on-year to $1.51 billion in the first quarter of the fiscal year as the country is diversifying its export basket to cut reliance on garments. Tea, frozen fish, jute and jute goods, leather and leather goods, furniture, ceramics, shrimps, vegetables, bicycles and terry towel performed better in the export markets during the quarter from a year earlier. 

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Bangladesh factory workers earn only 2% of a garment made by them

Oxfam has released a new report that reveals only four per cent of the price Australians spend on clothing is paid to the factory workers who made it, predominantly in Asia. That equates to 40¢ from a $10 shirt, even if the worker is paid the legal minimum wage in countries like China and Indonesia. The report released Sunday, titled What She Makes: Power and Poverty in the Fashion Industry, shows that while many leading and iconic Australian fashion brands are enjoying boost in revenue, the workers making their clothes, the vast majority of whom are women, are trapped in a cycle of poverty.

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