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Bangladesh: Overseas buyers not paying fair prices for RMG

In a big revelation, Bangladesh commerce minister Tofail Ahmed has alleged that foreign buyers are not paying fair prices for readymade garment products imported from the country. Tofail, while addressing a seminar ‘Bangladesh – Flaming the future: A high level conference on RMG and Beyond’ in Dhaka, said that money is required to usher in improvement in factories. Bangladeshi exporters are not getting a fair price for their products from overseas buyers.

Ahmed further said that export earnings will be more than $33 billion during the current fiscal and the country will transform into a middle income one till 2021. He expressed satisfaction over improved factory situation and RMG sector had been able to avoid any unwanted incident during last two years.

The Denmark Embassy in Dhaka and Danish Business Development Ministry jointly organised the seminar on the occasion of opening a new strategic sector initiative also marking the stepping into second year of the Rana Plaza incidence.