A decade ago, there were only 10-12 mills producing denim fabric in Bangladesh; Today this number has increased to approximately fifty. Several entrepreneurs report that domestic mills now supply about 60 percent of the country’s denim fabric demand, while the remaining 40 percent is imported from countries like Turkey and Pakistan. To strengthen Bangladesh’s capacity […]
According to the Office of the United States Trade Representative (USTR), the investigation will examine whether the policies, measures, or production structures of the countries concerned are unfair or discriminatory and whether they adversely affect US trade. In the case of Bangladesh, the investigation will mainly focus on whether there is spare production capacity in […]
Answering questions from journalists outside the venue, Sohnur Rahman said that their talks covered a wide range of issues, including the post-election political situation, human rights, labor rights, the economic situation, the risks of climate change and the Middle East. According to multiple sources, the US Assistant Secretary of State asked about the political climate […]
“However, it is a matter of deep concern that we once again need the release of all those arrested during the minimum wage protests, the dropping of all criminal charges against those arrested, the removal of any threat of arrest for thousands of people You must repeat your call to finish. Future harassment of workers […]
Sheikh HM Mustafiz, managing director of Cute Dress Industries, informed Prothom Alo that purchase orders from the United States are increasing along with an increase in orders from Canada and South America. Last year, demand for readymade garments declined, leading to fewer purchase orders due to high stocks of goods in various US warehouses. However, […]
Exporters say the global economy is going through stress due to the coronavirus pandemic, followed by the Russia-Ukraine war and the Hamas-Israel war. Demand for various products including readymade garments has decreased. In these difficult times, the size of the Export Development Fund (EDF) was reduced last year. The cost of business is continuously increasing. […]
The International Business Forum of Bangladesh (IBFB) organized the roundtable, which was attended by Charles Whiteley, EU Ambassador and Head of Delegation to Bangladesh, as the chief guest. The meeting was presided over by IBFB President Humayun Rashid. EU Deputy Chief of Mission, Bernd Spanier delivered the keynote address, while Bangladesh Garment Manufacturers and Exporters […]
China remains the top apparel exporter to the US market. In 11 months of last year, China’s textile exports declined by 25.85 percent to $15.22 billion. Vietnam, the second top exporter, exported textiles worth $13.18 billion, a decline of 22.68 percent. Bangladesh is the third top exporter in this market, with a market share of […]
Somewhat echoing the voice of factory owners on labor rights issues, Amirul Haq, president of labor coalition body Industrial Bangladesh Council (IBC), said there have been several talks on restrictions recently. “However, we want to make it clear that the country is not in such a bad position to face sanctions. Labor standards have improved […]
Confirming the matter, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Farooq Hasan told Prothom Alo on Wednesday that a buyer organization has included a general condition in its LC. It said that if Bangladesh faces any sanctions then they will not get any products. He further said that the company also clarified that even […]