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Related Keywords: Bangladesh garment industry, Bangladesh is currently the second largest cotton importer, can be good alternative for cotton import, If Africa produces more cotton, in the world sourcing, it will be helpful for Bangladesh, mostly depends on imported cotton, raw materials sourcing mostly from India and China

Bangladesh’s garment industry mostly depends on imported cotton for raw materials sourcing mostly from India and China. Bangladesh is currently the second largest cotton importer in the world sourcing. If Africa produces more cotton, it will be helpful for Bangladesh and it can be good alternative for cotton import.

Related Keywords: Bangladesh garment industry, BGAPMEA, BKMEA, brought about by uncertain global prospects, BTMA, demand withdrawal of source tax, EAB, existing twenty percent, help them sail through choppy waters, need for remediation of structure, on export for at least two years, slashing corporate tax to ten percent

Bangladesh garment industry owners demand withdrawal of 0.7 percent source tax on export for at least two years to help them sail through choppy waters brought about by the uncertain global prospects and the need for remediation of structure .

Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association at a pre-budget consultation meeting organised by the National Board of Revenue said that once the situation improves they will start paying the source tax again.

Related Keywords: achieve healthy export earnings, Bangladesh garment industry, Bangladesh Garment Manufacturers and Exporters Association, better export growth, earnings also exceeded the target set for the year, high-end products, Knitwear, profit margin declined, registered ten percent growth from the previous year, woven products

Bangladesh garment industry generated $28.09bn exports in the fiscal year 2015-16 which just ended, registering a 10.21% growth from the previous year. The data officially released yesterday showed that the earnings also exceeded the target of $27.37bn set for the year. Of the total figure, the knitwear constituted $13.35bn and woven products $14.74bn, according to Export Promotion Bureau data.

Related Keywords: Bangladesh garment industry, fashion trade, Gap and Walmart, Major brands, North American fashion brands, remain committed to buying garments from Bangladesh, retailers, set up to improve safety standards, the Alliance for Bangladesh Worker Safety

Dhaka has cast a big shadow over the garment industry’s future, especially as the victims included several Italians employed in the fashion trade. But the Alliance for Bangladesh Worker Safety, which represents more than two dozen North American fashion brands and retailers, said that its members remained committed to buying garments from Bangladesh.

A group of mostly US-based fashion brands and retailers took pledge on Wednesday not to turn their backs on Bangladesh’s crucial garment industry, despite a series of deadly attacks by Islamist extremists.

Related Keywords: Bangladesh garment industry, behind export target reach, BGMEA, concern over drop in productivities, cut in price of its product, demand halving tax at source, devaluation of US dollars, facing myriad challenges of gas and power crisis, high interest rate of bank loans, largest trade association, may close garment factories, no value added tax

Bangladesh Garment Manufacturers and Exporters Associations (BGMEA) one of the largest trade associations in the country, representing the readymade garment industry expressed concern over the drop in productivities due to various reason as a result in past three years 618 factories shut down.

President Siddiqur Rahman yesterday said that Bangladeshs garment industry was facing myriad challenges of gas and power crisis, high interest rate of bank loans, devaluation of US dollars and cut in price of its product.

Related Keywords: Bangladesh garment industry, Chinese textile industry slowing down, CITI chairman, Diversion of garment orders to India begins, enhance yarn consuming capacities, Indian textile industry need to scale up, make TUF effective, Natural Fibre conclave, Pakistan growth constrained, prem malik, reach saturation point, upgrade fabric industry

Diversion of garment orders to India has already begun with the textiles industry in China slowing down and Pakistan’s growth - constrained by power and other problems and the garment industry’s growth in Bangladesh – is expected to reach a saturation point sooner than later. There is therefore a need to scale up and upgrade our fabrics industry said Prem Malik, Chairman, Confederation of Indian Textile Industry at the inauguration of the Natural Fibre Conclave held at Chinniampalayam in Coimbatore on Wednesday.

Related Keywords: Bangladesh garment industry, Dhaka, duty free access, Indian man-made textile, Indian textile market, Indian traders, Miza Azam, State minister for textile and Jute, trade deficit

Bangladesh garment industry although has duty-free access to the Indian market, it is unable to gain benefit from the facility due to non-tariff charges, said state minister for Textile and Jute Miza Azam after inaugurating a two-day Indian man-made textiles exhibition in the city.

Bangladesh has been suffering from inveterate trade deficit with India for decades and need to address the trade imbalance issue in a win-win situation.

Related Keywords: Bangladesh export, Bangladesh garment industry, chinese market, Export Promotion Bureau, jute and jute-yarn, quota-free access, readymade garments, Textiles

Bangladesh's exports to China in the recent years has been growing steadily which the trade circle consider that it might become a major turning point in boosting exports to one of the most lucrative global destinations. Although the volume is still far from satisfactory, it is the incremental pattern that promises faster growth. The volume of exports to China has shot up more than four times in the past four years.

Related Keywords: Bangladesh garment industry, garment exports

Bangladeshi exports have surged by 12.56 percent to $27.37 billion from a year earlier in the first 11 months of this financial year according to the Export Promotion Bureau. Garment exports increased nearly 15 percent to $22.2 billion in July-May. Boosted by strong clothing sales, Bangladeshi garment exports increased by 7.22 percent in May from a year earlier to $2.7 billion.