Business Desk :
Bangladesh is gradually getting ready to cater garment work orders worth up to $8 billion a month as the local apparel manufacturers are receiving more work orders from the international retailers and brands, a top leader of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said on Wednesday.
For the first time in the history of Bangladesh, the monthly export of garment items crossed $4 billion with the recovery of the global business from severe fallouts of the Covid-19 pandemic.
“Currently we are not capable to cater work orders of $7 billion to $8 billion worth of garment items per month. However we are improving our capacity gradually,” said Faruque Hassan, president of BGMEA.
The BGMEA president made the statement while talking to reporters during a dialogue at Economic Reporters’ Forum (ERF) auditorium in Dhaka on Wednesday. Faruque Hassan said that despite being worried about the US sanctions on seven RAB officials, he is hopeful that it will not impact trade between the two countries.
“US is one of our biggest markets and to avoid any trade sanction, we are focusing on our development and the safety of our workers and their rights,” he added. On December 10, International Human Rights Day, the US Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on RAB and seven of its present and former top officials for “human rights abuse and repression”.
