BGMEA seeks fair prices for RMG products

Prices of RMG products are continuously falling in US and EU markets

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Economic Reporter :
Top leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged the foreign buyers to pay fair prices for RMG products to ensure continued improvement of the sector in terms of safety, security and workers’ rights.
They have stressed on logical prices for its readymade garment (RMG) products from international buyers. Foreign buyers should provide fair price for readymade garment (RMG) products imported from Bangladesh, which would support entrepreneurs to provide decent wages and maintain congenial atmosphere in the factories in the country.
BGMEA President Siddiqur Rahman made this comment while speaking at a press conference recently at BGMEA conference room in the city.
Prices of Bangladesh readymade garments (RMG) products are continuously falling in the US and European Union (EU) markets, said the business leader.
BGMEA President said, “The price of Bangladesh RMG products is continuously decreasing in the markets of two top RMG importers the US and EU”.
“Moreover, the expenditure in operating a garment factory has increased because of the developed security measures and increase of wages.”
According to the BGMEA leader, they have stood firmly after two disastrous incidents Rana Plaza collapse and Tazrin Fashion fire in RMG industry.
“Give us the fair price of our products,” he urged. “After the collapse of Rana Plaza, there are remarkable positive influences in our garments sector. So far, 20 factories have received green signals (considering safe) and 100 more are in the waiting list in getting green signals.”
“The international standard will be maintained in those factories,” he assured.
Siddiqur Rahman said that the orders of Bangladesh RMG products have increased from international market. “We are moving ahead with the aim of earning $ 50-billion from RMG sector annually.”
BGMEA Senior Vice-President Faruk Hasan, Director Saifuddin Ahmed, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Vice-President Mansur Ahmed were present on the occasion.
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