Textile & Garments

Commerce minister Tipu Munshi on Saturday said that the government would consider a fresh stimulus package for the country’s readymade garment sector if the business situation of the sector deteriorated due to the second wave of COVID-19 outbreak.

Bangladesh’s garment exporters will lose $4 billion if the duty-free trade benefit for the country comes to an end in the European Union following its graduation to a developing nation, according to a new study.

Merchandise exports bounced back in November, rising 0.76 per cent year-on-year to $3.07 billion helped by garment, home textile and jute goods shipment, official data showed yesterday.

The government may ease the rules on the use of fabric imported duty-free to help local manufacturers shift to high-end apparels and boost export earnings as firms generate more waste while producing fancy items for international markets.

Bangladesh has opposed Indonesia’s move to impose a safeguard duty on apparel shipments to the country as such a measure would be inconsistent with the provisions of global agreements on safeguards, tariffs and trade.

Company extended closure of its factory for the third time

Despite facing numerous work order cancellations and subsequent suspension of most exports due to the ongoing coronavirus pandemic, Denim Expert Ltd did not lay off any of its workers.

The impact of COVID-19 on women in the garment industry has worsened due to underlying challenges, including discrimination and harassment, underrepresentation of women’s voice, wage gaps as well as unevenly shared unpaid care and family obligations, says a new brief from the International Labour Organization (ILO).

The garment sector fared well in the first quarter of the current fiscal year thanks to the reopening of western retail outlets after a pause for a few months since the Covid-19 outbreak.

Between January and September, the prices of apparel goods exported from Bangladesh were 2.1 per cent lower than a year earlier