CPD RMG Study Stitching a better future for Bangladesh
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RMG export earnings growth lowest in 15 years
Bangladesh’s export earnings from the apparel industry, the lifeline of foreign currency earners, have seen only a 0.20% rise to $28.15 billion, which is the lowest on record in the last one and a half decades, in the just-concluded fiscal year, Dhaka Tribune reported.
The report added that Bangladesh’s overall export earnings stood at $34.83 billion in FY’17, which is 1.68% higher than the $34.25 billion a year ago.
Export earnings from merchandise products maintained a sluggish growth in the just-concluded fiscal year (FY) 2016-17 with the receipts for the month of June registering a negative growth, Financial Express reported.
Exporters and officials identified the sluggish performance of the country’s ready-made garment sector as one of the key reasons for such export performance, the report added.
