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Bangladesh sees a rise in RMG orders from western buyers

Figures from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) show the number of taking Utilisation Declaration (UDs) that reflects the trend of production to be performed has increased in April compared to previous months. RMG product manufacturers have taken 2,704 UDs, which were 2,415 in March, BGMEA data revealed.


Bangladesh exports have been suffering because of political unrest and other issues that have had a negative impact on the country’s export orders. As per Export Promotion Bureau (EPB) data, in July-April period of the current fiscal, Bangladesh earned $20.56 billion by exporting clothes, which is 2.98 per cent higher compared to the same period in last financial year. Currently, RMG sector contributes over 81 per cent to the total export earnings. The government has also set an export target of over $26.89 billion for the apparel sector, which employes over 4.4m workers, mostly rural women.


Apparel apex body-BGMEA recently held a meeting with buyers' forum, where more than 40 representatives of top global apparel buyers, brands and retailers participated. The aim was to assure them of improvement in the situation and smooth supply of products. Even buyers expressed their willingness to increase sourcing from the country but players are now skeptical about fulfilling demand due to fall in production.

www.bgmea.com.bd

 
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