Textile & Garments

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will start lobbying with major trading partners and blocs from next month to help get extension of the least-developed country benefits for six more years after Bangladesh’s graduation to a developing nation. The local apparel exporters think they will face tough competition …

BGMEA President Faruque Hassan has laid emphasis on providing young people with the skills, knowledge, and resources they need to succeed in the business world as they achievements would contribute to building a more prosperous and better Bangladesh. “We have a young and vibrant population that has the potential to …

According to recent data given by the Commerce Department’s Office of Textiles and Apparel (Otexa), garment exports to the United States increased by 15.43% year on year to $867.64 million in January, the first month of 2023, up from $751.67 million in the same month in 2022. Bangladesh ranked third …

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) have urged the government to reduce the tax at source on export of RMG items at 0.5 per cent from the existing 1.0 per cent and thus keeping it for the next five years. …

The Bangladesh Textile Mills Association (BTMA) today sought the scope to import all types of fibres, including recycled and manmade, in the upcoming fiscal year of 2023-24 without paying any duty and other taxes and any non-tariff barriers. The association, led by its president Mohammad Ali Khokon, placed the proposals …

The government has eased the rule of compulsory fumigation test for import of American cotton, particularly from the United States, clearing the ways for smooth import of the raw material of textile mills, the backward linkage industry for country’s main export earning garments. The importers would be able to bring …

Rising per capita income, stricter anti-smuggling measures and the production of value-added apparel items have catapulted Bangladesh’s annual yarn and fabrics sales to $9 billion. The consumption has grown 50 per cent since the financial year of 2016-17 when the size of the local yarn and fabrics market was $6 …

BGMEA President Faruque Hassan has met with Bangladesh Ambassador to France Khondker M Talha at the embassy in Paris to discuss ways to strengthen trade ties with France. They had discussions about issues pertaining to the RMG industry of Bangladesh including its current and upcoming challenges, particularly how Bangladesh could …

Bangladesh’s apparel and textile exports to the United States crossed $10 billion in 2022 amid global economic volatility as the US shifted a good chunk of its business from China. According to the latest US Department of Commerce’s Office of Textiles and Apparel data released on Tuesday, the US apparel …

Thefts of apparel products on highways are becoming a serious problem for exporters, said Faruque Hassan, president of the BGMEA. During a press conference in the capital on Tuesday, he also sought increased highway security to avoid theft. He advocated severe penalties for people involved in the theft of export-bound …