Refayet Ullah Mirdha

Bangladesh is likely to adopt a neutral stance at the World Trade Organisation (WTO) where some of its major global trading partners have issued condemnations over the Russian aggression on Ukraine in collaboration with Belarus.

A good number of old and new garment factories are now seeking membership of RMG Sustainability Council (RSC) as the audit standard of this tripartite platform is very high.

A high-profile European Union (EU) delegation yesterday demanded that a labour law meant for export processing zones (EPZs) be amended by 2023 instead of 2025 for Bangladesh to be eligible for a new Everything But Arms (EBA) scheme.

A visiting European Union (EU) delegation yesterday expressed concerns over delays in amending a labour law meant for export processing zones (EPZs), which was also an eligibility criterion for its Everything But Arms (EBA) scheme.

A visiting European Union (EU) delegation yesterday wanted to know the causes for delays in the implementation of a few action plans for retaining the GSP to the EU markets under the trade bloc’s Everything but Arms (EBA) initiative.

Fabric makers in Bangladesh have embarked on a massive expansion to capture more share of the fast-growing global denim market keeping pace with the changing fashion and styles.

Shipment of readymade garments from Bangladesh to Russia and the payments from the buyers are declining day by day as the country’s war against Ukraine rages.

Russia and Ukraine-bound exports, especially garments, are now faced with an uncertain future as shipping lines are understandably not too eager to carry goods to war zones.

Bangladesh is set to become a major source of recycled yarn and fabrics made from plastic bottles as the country looks to capture more market share of global high value-added garment items such as activewear, outerwear, padding and quilting.

Bangladesh will again urge India to withdraw the anti-dumping duty (ADD) on locally produced jute and jute goods during a commerce secretary-level meeting between Dhaka and New Delhi today.

Earnings from merchandise shipments continued to soar in February, registering growth of 34.54 per cent year-on-year to reach $4.29 billion on the back of increased garment exports.

The textile market in Bangladesh is growing at a faster clip as annual sales have nearly doubled to $9 billion in a span of five years riding on the production of diversified fabrics and the growing consumption of middle-income people.

Bangladesh will lose one of the most promising apparel export destinations if various Russian lenders are excluded from the SWIFT messaging system in response to the country’s invasion of Ukraine, entrepreneurs warned.

With oil prices hitting above $100 in the wake of Russia’s invasion of Ukraine, local businesses yesterday feared that the war would have a ripple effect on their domestic and international operations as both countries are major suppliers of agricultural commodities.

Although Bangladesh’s overall export earnings from China increased 9.81 per cent year-on-year to $426.14 million in the last seven months, apparel shipments to the East Asian nation failed to meet expectations despite enjoying duty benefits.

Bangladesh’s garment industry might be brimming with export orders from international buyers thanks to the ongoing turnaround of the global apparel supply chain, but it is the larger units that are running in full swing while smaller ones have been pushed into corners.

A high-level government committee yesterday suggested 11 proposals for amending the procurement rules, including making it mandatory for foreign firms to form joint ventures with local bidders when it comes to fulfilling government procurement rules.

Bangladesh has turned into a major sourcing hub for uniforms for the military, navy, air force, fire brigade and police for countries around the world as local garment manufacturers have enhanced their capacity and diversified products.

Riding on the zero-duty trade benefit and competitive prices, the shipment of apparel items to India is growing fast, a development that would help Bangladesh narrow its trade gap with the neighbouring country.

Team Group, a leading garment exporter, has targeted to export goods worth $1 billion by 2026, when Bangladesh is scheduled to officially make the United Nations status graduation from a least developed to a developing country.