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অর্থনীতি পুনরুদ্ধারে 'আশাবাদী' ৭১% ব্যবসায় প্রতিষ্ঠান

COVID: Bangladesh′s textile industry hit hard by pandemic | Asia| An in-depth look at news from across the continent | DW

COVID: Bangladesh s textile industry hit hard by pandemic Bangladesh s garment manufacturers and workers are suffering as the coronavirus pandemic has soured long-term demand and big fashion brands continue to cancel orders. The EU is the top importer of garments from Bangladesh In 2020, textile exports from the South Asian nation dropped by nearly 17%. Shipments to Europe, which is the destination for 60% of Bangladesh s garment exports, recorded a significant decline of just under 19%. There hasn t been any uptick in demand and exports so far this year, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said. Apparel exports declined by 5.83% year-over-year in January, Rubana Huq, president of the association, told DW.

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Certain criteria not met yet for GSP Plus benefits in EU

Certain criteria not met yet for GSP Plus benefits in EU Experts say at virtual discussion of CPD and Networks Matter Obtaining the GSP Plus status is important for Bangladesh since the EU is the country’s largest export destination for garments and other products. Photo: Star/file Star Business Report Star Business Report Some gaps need to be plugged in the EU s nine-point action plan for Bangladesh in order to obtain the Generalised System of Preferences (GSP) Plus status after the country s graduation from a least developed nation in 2024. One of the major gaps lies in the freedom of association as factory workers still need the participation of 20 per cent of their colleagues to form a union.