We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jun 23, 202412:21am

Bangladeshi textile demands more aid to export against costs increase

The country's clothing manufacturers seek to counteract the increase in production costs and low prices with which they work. The sector's exports represent 16% of the country's economy as a whole.

Jun 17, 2019 — 2:00pm

The textile of Bangladesh demands more aid to the export before the increase of the costs


The textile of Bangladesh demands more public aid. The country's garment manufacturers have asked the government to raise subsidies for exports because they believe that the expense approved for this year is not enough to offset the increase in production costs and low prices.


The country's clothing manufacturers are asking the executive for a 5% increase in subsidies for the sector's exports. The employer of the sector in the country, Bangladesh Garment Manufacturers and Exporters Association (Bgmea), has indicated that the prices of the clothes in the European and American markets descended a 3.64% and a 7.4% from 2012, according to Reuters.

On the other hand, the business organization points out that product costs have also increased, largely as a result of the increase in labor costs boosted by the latest wage increase.

Exports of the Bengali textile and clothing industry generate 30,000 million dollars each year, 16% of the economy as a whole. The sector employs around four million workers in the country.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment