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EU threatens Bangladesh of GSP suspension

The European Union (EU), which currently accounts for just over 62 per cent of all Bangladesh’s garment exports, has threatened the country of temporarily suspending trade ties if it fails to implement garment worker’s rights. This was stated in a joint communique of three European Commission bodies. The three bodies the European Commission Directorate General for Trade, the European Commission Employment, Social Affairs and Inclusion, and the European External Action Service have sent a letter […]

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Bangladesh aims to enhance trade ties with Hong Kong

With an aim to expand its business to Chinese mainland, Bangladesh wants to develop strong trade links with Hong Kong which is presenting itself as a sourcing and distribution hub in Asia. Readymade garments (RMG), leather, textiles, fabrics, food, sea food, frozen foods, jute and ceramic products are among those Bangladesh wants to trade with Hong Kong. Total trade value between both the countries in 2016 stood at around US $ 1.7 billion. Bangladesh is […]

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Bangladesh to take duty-free access to US via Kenya

Principal Secretary of Kenyan Industry, Trade and Cooperatives Ministry Julius Korir mad a visit to Dhaka, Bangladesh earlier this month. During his visit, he discussed various issues including trade, investment and duty-free access in the US market with Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Korir said that Bangladesh can invest in the Kenyan Export Processing Zones (KEPZs) to take advantage of duty-free access in the US market. He pointed out that both […]

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Bangladesh’s RMG exports drop in February

According to Export Promotion Bureau (EPB), readymade garments (RGM) exports from Bangladesh in the month of February this year fell from a year earlier to US $ 2.7 billion. It is 9 per cent below the Government’s monthly target. Shipments of readymade garments, comprising knitwear and woven items, totalled US $ 18.6 billion in July-February period, up 2.8 per cent from a year earlier. In the first eight months of the fiscal, the country’s exports […]

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Bangladesh becomes top denim exporter to EU

Bangladesh gets past China to become the largest denim supplier to the European Union during the January-June period of 2016. The country is considering it as a remarkable development that would give confidence to Bangladesh’ garment sector as it looks to touch US $ 50 billion in apparel exports by 2021. During the review period, Bangladesh exported € 567.97 million worth of denim products to the EU – the world’s largest economy– enough to secure […]

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Bangladesh Govt. forms council for RMG sector

Bangladesh Government has formed a tripartite consultative council for the ready-made garment (RMG) sector of the country. Representatives from workers, employers and the Government will be members of the council, which will be responsible for review of overall labour situation of the RMG sector and apprise the Government of the situation. This consultative council which will remain valid until further order of the Government, and will also advise the Government about the laws, rules and […]

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Robbersmug Bangladesh garment factory employees

Armed robbers looted BDT 1.6 crore from garment factory employees in Savar, Dhaka, Bangladesh when the money was being transported in a micro bus to another factory of the Oboni Group yesterday. This has reportedly been confirmed by RAB 4 Company Commander Maj Abdul Hakim. Also Read – Miscreants abduct truck carrying garments worth Rs. 50 lakh in TN (India) The miscreants fired blank shots as the microbus reached Nazimnagar area and flew with money […]

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Apparel retailers seek redressal of delay in sample delivery from Dhaka airport

Representatives of nearly 20 global retailers held a meeting with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) officials seeking a solution to prolonged problem of delay in delivery of garment samples from the Dhaka (Bangladesh) airport to the factories. These retailers directly or indirectly purchase around US $ 10 billion worth of garment items from Bangladesh. Incidents of missing and delayed delivery of samples from the airport have been an issue of concern among retailers […]

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Export markets need to be expanded: Bangladesh PM

Prime Minister of Bangladesh Sheikh Hasina has asked manufacturers to expand Bangladesh’s export market with diversified products worldwide and thereby increase export revenue. “We have to diversify our products and expand our market for boosting our export earnings alongside learning how to add value to products and increase the readymade garment (RMG) share,” she said while addressing a gathering at the recently concluded Dhaka Apparel Summit in Bangladesh. At the event, Sheikh Hasina commented that […]

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Bangladesh Commerce Minister slams US for callous attitude

The firebrand Commerce Minister of Bangladesh Tofail Ahmed has again condemned the US for their discordance and callousness on Bangladesh’s demand for duty-free and quota-free access to the US market. In this regard, US Ambassador to Bangladesh Marcia Stephens Bloom Bernicat said that the US has only offered duty-free-quota-free (DFQF) facilities through a multi-country trade pact. She said it is “extremely unlikely” outside of a multilateral agreement to enjoy DFQF market access to the US […]

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Commitment to compliance is key to Bangladesh: PM

One of the major subjects that were discussed at the Dhaka Apparel Summit held recently in Dhaka, Bangladesh was the steps that the Government has been taking to maintain and sustain the relationship between employers and workers in the readymade garment sector. While addressing the Summit, the Premier of Bangladesh said the Government is committed to ensuring compliance with regard to labour rights, workplace safety and environmental standard in Bangladesh’s apparel and textile industry as […]

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Bangladesh releases arrested garment workers

Bangladesh Government has started releasing jailed garment workers who were arrested in December last year over wage strikes, informed the global union IndustriALL. Demonstrations were organized globally by the union federations UNI and IndustriALL seeking immediate release of arrested Bangladesh garment workers. A tripartite agreement was reached on February 23 between IndustriALL Bangladesh Council (IBC), Ministry of Labour and Bangladesh Garment Manufacturers and Exporters Association, providing the release of the arrested trade unionists and garment […]

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B’desh bars NGOs, unregistered trade unions in RMG manufacturing areas

Md Mujibul Haque, State Minister for Labour and Employment, Bangladesh has announced the decision to drive out the NGOs along with unregistered trade unions and workers’ organizations from Ashulia, Gazipur and other readymade garment industry areas. “Many unregistered trade federations, NGOs have set up offices centring the garment factories, despite having no job here, to mislead the workers in various ways. The Government does have any objection to the registered trade unions and the organizations […]

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Bangladesh increases gas prices by 22.7%

Already reeling under short supply of gas, the readymade garment (RMG) industry of Bangladesh would now have to pay 22.7 per cent more for gas after the Bangladesh Energy Regulatory Commission (BERC) on Thursday decided to levy the new tariff from March 1, 2017. If that was not all, BERC has decided to hike the rates in June again, which would consequently force the consumers to shell out almost 50 per cent more. Also Read […]

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Bangladesh Government to establish LNG terminal

Tapan Chowdhury, President, Bangladesh Textile Mills Association (BTMA) informed that the Bangladesh Government is going to establish an LNG terminal in Kutubdia Island to supply imported gas to the industry people as the country fears of finishing its natural gas stock in near future. “However, it would be very difficult to remain competitive in the global markets after using LNG in the manufacturing units as it would increase the production cost. As the sector people […]

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