Last fiscal year, Bangladesh apparel exports to the European Union rose by 10.58 per cent. Now the EU wants Bangladesh to move towards an environment-friendly production process to reduce the negative impact on nature. The downside of rapidly changing fashion trends is massive waste and a negative impact in terms of carbon footprint. Sustainability in terms of environment and labor standards can ensure market access to the EU.
Bangladesh has seven out of the ten green factories in the world but needs to continue development and innovation to remain in position as a global leader. Technology can further advance the country’s apparel industry.
Sustainability is crucial for Bangladesh and an important component of getting trade facilities from the EU. Apparel makers are creating products which are biodegradable and not hazardous to the environment. Research and innovation can accelerate productivity without compromising on the environment and use of global natural resources. To remain a top choice as an apparel sourcing destination, Bangladesh is looking for even more environment-friendly production options. After Bangladesh’s graduation from LDCs status to developing country, continuous market access to the EU is essential if the current exports are to be sustained. EU markets are very important for Bangladesh as 64.12 per cent of its total apparel exports goes to these markets.