Cotton prices surged to more than a decade high in global market in the wake of the Russia-Ukraine conflict, abnormal hike in freight charge and drought in the US, which will drive up the production cost for readymade garment (RMG) makers in Bangladesh, thus affecting their profitability.
Cotton prices surged to more than a decade high in global market in the wake of the Russia-Ukraine war, abnormal hike in freight charge and drought in the US,
Cut cost of doing business to compete in post-LDC era
Says CPD at a dialogue Star Business Report Star Business Report
Bangladesh needs to reduce the cost of doing business locally to be more competitive globally in the post-LDC era as the country will face duties on exports because of the erosion of trade privileges, said a noted economist yesterday.
Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue (CPD), speaks at a dialogue on “Moving out from the LDC group: Strategies for graduation with momentum”, organised by the CPD yesterday. Photo: Collected Local businessmen will have to be facilitated by offsetting costs in the domestic markets so that they can remain competitive in the international markets even after graduation from the LDC, said Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue (CPD).