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Bangladesh witness slowdown in apparel shipment

Related Keywords: account for more than eighty percent of national exports, Bangladesh Garment Manufacturers and Exporters Association, Bangladesh witnesses slowdown in apparel shipments, decline in consumption in the West, fall of the euro against the US dollar, the Brexit issues, the US elections, UK is the third largest export destination for Bangladesh

Bangladesh witnesses slowdown in apparel shipments that account for more than 80 percent of national exports due to a fall of the euro against the US dollar as well as the Brexit issues, the US elections and a decline in consumption in the West, said Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association.

Rahman said that the UK is the third largest export destination for Bangladesh. But exports to this destination began declining due to Brexit that took place in June last year.

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