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Bangladesh RMG sector gets a boost from within

Sustained efforts are being made to create awareness among stakeholders to improve the image of RMG sector in B’desh, the main export earner, by the garment sector and allied business partners. Md Moshiul Azam Shajal, Director, BGMEA and Managing Director of Posmi Sweaters, points out that recently, training programs on health and safety were carried out in garment factories funded by International Training Centre-International Labour Organization (ITC-ILO) and organised by Bangladesh Employers Association, BGMEA and BKMEA.

However, increasing costs having a negative impact on the sector and to resolve this, it is necessary to decrease interest rates, reduce oil and gas prices. The US has removed Bangladesh from its GSP list of 122 nations. Experts believe the exclusion will hamper the garment sector from reaching its target $50 billion in export by 2021. According to an analysis on RMG sector, export to the US contributed only 0.5 per cent of Bangladesh's export and would not directly affect the overall quantity.

Compliance and safety issues in garment factories, is the main reason for expulsion. BGMEA, the government, and the garment companies have joined hands to find out a solution.

 
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