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Bangladesh Update nr. 7, 21

News

  • Bangladesh takes steps for waivers on safeguards in proposed EU GSP
  • Bangladesh's apparel exporters fear order slowdown from Europe
  • EU's GSP plus trade benefit won't be 'a picnic' for Bangladesh: Envoy 
  • Bangla exporters concerned over near-sourcing tactic of apparel buyers 
  • 30 Bangla firms to get Green Factory Award, include 15 apparel units
  • Bangladesh needs concerted efforts to avail of new GSP+ benefits in EU
  • Bangladesh RMG makers want cash incentives for imported raw materials
  • Technical textiles a promising sector
  • Bangladesh’s Non-Accord Garment Factories Struggle to Remediate 
  • Import EU (27) from Bangladesh in €


News
Bangladesh takes steps for waivers on safeguards in proposed EU GSP
Bangladesh has initiated steps to obtain waivers on the safeguard provisions in the proposed European Union generalised scheme of preferences (EU GSP) that could keep Bangladesh’s apparel exports out of the purview of duty benefits in EU markets after the country graduates into a developing one from a least developed country, commerce secretary Tapan Kanti Ghosh said, reports Fibre2Fashion. Read more>>

Bangladesh's apparel exporters fear order slowdown from Europe
As a number of European countries have imposed new restrictions to contain the spread of the new coronavirus variant Omicron, Bangladesh apparel exporters fear a decline in exports if the situation worsens. Some, however, hoped that global brands this time may not suspend orders and allow store shelves to be empty during the festival shopping season, writes Fibre2Fashion. Read more>>

EU's GSP plus trade benefit won't be 'a picnic' for Bangladesh: Envoy 
The European Union’s (EU) generalised scheme of preferences plus (GSP +), a trade privilege that Bangladesh can access once the country graduates from the least developed country (LDC) status, will be a challenging task, according to Charles Whiteley, EU ambassador to Bangladesh publishes Fibre2Fashion. Read more>>

Bangla exporters concerned over near-sourcing tactic of apparel buyers 
The pandemic-induced strategy shift by apparel buyers to import from nations nearby is a concern for Bangladeshi exporters, who perceive it as a future threat for their industry. Industry leaders feel Bangladesh cannot fully grab the recent opportunity, mainly because of the long lead-time the country incurs in shipping goods and high global freight charges, reports Fibre2Fashion. Read more>>

30 Bangla firms to get Green Factory Award, include 15 apparel units
The Bangladesh government will honour 30 companies, including 15 garment firms, with the Green Factory Award for their outstanding contribution to saving the environment and creating jobs, the labour ministry said recently. Prime Minister Sheikh Hasina is expected to hand over the awards on December 8 to mark the celebration of the birth centenary of father of the nation Sheikh Mujibur Rahman, writes Fibre2Fashion. Read more>>

Bangladesh needs concerted efforts to avail of new GSP+ benefits in EU
Bangladesh commerce minister Tipu Munshi recently said concerted efforts are needed to be compliant to avail of new generalised scheme of preferences plus (GSP+) in the European Union (EU) market. In the draft of the new regulation published last month, the EU has proposed to remove the import-share criterion for GSP+ eligibility and Bangladesh will directly benefit from this change, he said, writes Fibre2Fashion. Read more>>

Bangladesh RMG makers want cash incentives for imported raw materials
Garment makers in Bangladesh have demanded cash incentives for exporting garments made with imported yarn. At present, only garment exporters who purchase raw materials from local textile mills get incentives, writes FashionatingWorld. Read more>>

Technical textiles a promising sector
Says a study by German development agency GIZ. Bankers wearing personal protective equipment (PPE) offer services at a bank in Dhaka. The global PPE market is projected to surpass $93 billion by the end of 2025, according to a study, writes Bangladesh daily newspaper Daily Star. Read more>>

Bangladesh’s Non-Accord Garment Factories Struggle to Remediate 
Only a fraction of the 1,500 garment factories covered by a Bangladesh government initiative has made meaningful strides in fire, electrical and structural improvements over the past four years, a new report has revealed. Of the 793 factories still active as of June, only 120 have conducted more than 90 percent of the necessary repairs, according to the Remediation Coordination Cell (RCC), a unit that functions under the Department of Inspection for Factories and Establishments (DIFE) of the Ministry of Labour and Employment. More than two-thirds of the facilities, 535 in all, have delivered more than 50 percent progress. Another 95 have achieved between 50 percent to 70 percent progress, and 94 between 70 percent and 80 percent of the same. Overall, the RCC’s rate of corrective measures stands at 48 percent, it said, writes Sourcing Journal. Read more (please note you may need a login to read the complete article).

Import EU (27) from Bangladesh in €

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