Tag Archives: Bangladesh exports

CPD-FES Publication Industrial Safety in the RMG Sector in the Post-Accord-Alliance Era Is the Institutionalisation Process Slowing Down? Industrial safety in the readymade garments (RMG) sector has been passing a critical phase with a lack of proper coordination, monitoring and ...

There are growing signs that a trade war is possible, and that the multilateral trading system may not be able to prevent it.

Looming global trade war may affect Bangladesh’s economy and trade particularly exports as the US administration under president Donald Trump is planning to impose additional tariffs on apparel imports.

For GSP status to be restored, Bangladesh needs to make progress in workers’ safety, freedom of association, and protection of labour leaders from violent reprisals, the Trump administration has told the Congress.

Export diversification has proven to be a formidable task for Bangladesh. If anything, export concentration—more specifically, dependence on readymade garments (RMG)—has increased further.

Sweater shipment from Bangladesh is on the rise thanks to competitive pricing and longer winters in the Western world as a result of climate change, exporters said.

Bangladesh’s export earnings rose by 6.86% to $14.56 billion in the first five months of the current fiscal year, with the RMG sector being the largest contributor to this growth.

Bangladesh faces a tremendous challenge. How will it provide jobs for the 20 million young people set to join the labor force over the next decade? In the past, the country relied on the garment sector to drive its economy and exports, as well as to employ many workers. This was successful in many ways. Today, Bangladesh is the world’s second largest producer of ready-made-garments in the world, and apparel comprises 83% of Bangladesh’s exports.

The export earnings of Bangladesh rose by over 7% in the first four months of Fiscal Year 2017-18 to $11.50 billion, the Export Promotion Bureau (EPB) revealed on Thursday. The earning is 7.03% higher than the $10.75 billion earned in July-October the previous fiscal year.

'Export diversification would be possible only when adequate and appropriate policy support is provided to all export-oriented industries'. Speakers on Thursday said that in order to diversify the country’s export basket, export-oriented businesses should be given the policy support that has proved highly successful in bringing vibrancy to the country’s RMG sector.