CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed
Swedish firms may invest in Bangladesh RMG sector
Two Swedish firms, Investor AB and ABB Sweden have showed interest in making investment in Bangladesh readymade garment (RMG) sector, Fibre2Fashion reported.
The report said that the investment will improve the economic conditions of both the countries, said Bangladesh Prime Minister Sheikh Hasina during her visit to Sweden. Bangladesh is the second largest apparel exporter in the world.
SAARC intra-regional trade drops
Intra-regional trade of the South Asian Association for Regional Cooperation or SAARC dropped further in 2016, the Financial Express reported citing latest statistics.
The report said that SAARC intra-regional trade stood at $40.32 billion in the past year while the value was $45.81 billion in 2015.
Data generated from the International Trade Centre’s Trade Map also revealed that intra-regional trade in SAARC was $49.35 billion in 2014 which is highest in a single year, the report added.
1,000 RMG factories under watch
Nearly 1000 readymade garment factories along with the owners and labour organisations are under watch over the apprehension of unrest over the payment of salary and festival allowance ahead of Eid ul Fitr, English language daily the Daily Sun reported.
The report said that the government has earlier directed the authorities concerned to take necessary steps to avert any unwanted situation centering the RMG workers’ salary and Eid bonus.
Bangladesh’s trade with BRICS registers modest growth, but deficit surges
Bangladesh’s trade with the BRICS (Brazil, Russia, India, China, and South Africa) increased modestly in the past year, the Financial Express reported.
The report said that data generated from the International Trade Centre’s (ITC) Trade Map showed that bilateral trade with BRICS, an alliance of advanced developing countries, stood at $24.53 billion in 2016.
