Tag Archives: Export Promotion Bureau

Germany has once again emerged as Bangladesh’s largest export market overtaking the United States in July-February of the current fiscal year 2017-18 due to slow growth in readymade garments export to US market.

The government is set to frame a policy to bring in discipline and ensure accountability among the buying houses in the export-oriented apparel industry.

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.

Garment exports to India soared 66.41 percent in the first six months of the fiscal year on the back of demand from Western brands operating in the neighbouring country and closure of some small- and medium-scale factories.

Country’s export earnings in the first half of the current financial year 2017-18 posted a moderate growth of 7.15 per cent to stand at $17.92 billion from $16.72 billion in the same period a year ago amid weakening of the taka against the US dollar.

Bangladesh earned $89 million from exporting pharmaceutical goods in the last fiscal year, according to the Export Promotion Bureau. While Bangladesh is the second largest exporter of ready-made garments in the world, the fact remains that most of the products are sold under international brands, leaving Bangladeshi entrepreneurs, and especially Bangladeshi workers, with a very small share of the revenue that these products generate.