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Recent terror attacks worries Bangladesh RMG exporters

The recent terror attacks in Bangladesh has taken a toll of the country's export business with a number of foreign buyers cancelling their scheduled business meetings in Bangladesh and asking other exporters to look for greener pastures in a third country to negotiate orders.

In a recent statement, the Bangladesh Garment Buying House Association (BGBA) said readymade garments (RMG) sector could incur a loss of at least $2.50 billion this fiscal year as many international buyers have postponed their visits to the country following the recent militant attack in the capital that claimed 22 lives, including those of 17 foreigners.

As a follow up, the BGBA has reportedly urged the government to take comprehensive steps after achieving a consensus with all political parties and business leaders in order to overcome the present crisis in the RMG sector. It believes that if the government comes forward after taking all political parties and business related people on board, the present crisis in the RMG sector could be resolved.

 
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