The favourable US dollar-taka exchange rate has lent a helping hand to apparel exporters in the outgoing calendar year, cushioning the fallout from the uncertain political climate in the Western world.
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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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CPD RMG Study Stitching a better future for Bangladesh