Tag Archives: Brexit

Among the many words that have been spent on the Brexit debate since Theresa May triggered Article 50 last year, one crops up time and time again: trade.

I read an interesting article the other day about a cotton spinning company based in Manchester, England. Although the company, by Bangladesh's standards, produces high volumes of product, it has established a niche for itself in the UK and Japan with customers who appreciate both quality and locality of resource.

Country’s export earnings from United Kingdom, the third largest market for Bangladesh, soared by 19 per cent in the first half of the current fiscal year compared with the same period of last FY due to surging garment exports against Brexit fears.

Buoyed by higher shipments of apparel items, Bangladesh's exports to the UK are on the rise although British consumers have been hit hard by rising inflation amid Brexit pressure.

খন্দকার গোলাম মোয়াজ্জেম বলেন, সারা বিশ্বেই বর্তমানে অর্থনীতিতে একটি শ্লথগতি লক্ষ্য করা যাচ্ছে। চীনে রফতানি প্রবৃদ্ধি কমেছে। অন্য দেশেও প্রবৃদ্ধি বেশি ইতিবাচক ধারায় নেই।

Some news highlights relevant to RMG sector: Next, the largest clothing retailer by sales in UK, slashed it purchase from Bangladesh to only $ 180 million of RMG items though it had initially planned to buy $ 260 million worth in 2016.

Some news highlights relevant to RMG sector: Finance Division’s Report: In the Finance Division’s report on trade turnover of last four month shows planned Brexit might not effect Bangladesh’s export to Britain. Both woven and knit garment shipment have increased in last quarter to EU market.