Robert Antoshak

@agathonian.bsky.social

7 months ago

BEF warns of potential chaos and investor confidence erosion over proposed labour law reforms The Bangladesh Employers Federation (BEF) has raised serious concerns over recent recommendations to overhaul the country’s labour laws, warning that such changes could lead to chaos in industries and undermine investor confidence. BEF Secretary General Faruk Ahmed highlighted that despite a tripartite agreement among stakeholders, the new proposals have been introduced without adequate consultation with […] The post BEF warns of potential chaos and investor confidence erosion over proposed labour law reforms appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Bangladesh experiences 4.7% decline in export earnings in August following July growth Bangladesh’s export sector experienced a minor downturn in August after a robust surge in July. Despite the recent decline, the monthly export figures remain around US $ 4 billion, a level considered relatively strong by industry analysts. Data from the National Board of Revenue (NBR) indicates that in July, the first month of the current […] The post Bangladesh experiences 4.7% decline in export earnings in August following July growth appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

EU baby garments market to reach US $ 14 billion by 2035, driven by steady demand The European market for babies’ garments and knitted or crocheted clothing accessories is set to maintain an upward trajectory over the next decade, supported by rising consumer demand across key economies. According to industry forecasts, market performance is expected to decelerate but remain positive, growing at a compound annual growth rate (CAGR) of 1.5% between […] The post EU baby garments market to reach US $ 14 billion by 2035, driven by steady demand appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Bangladesh Government moves to shut down inactive land ports to reduce costs The interim Government of Bangladesh has decided to permanently close three land ports and suspend operations at another along the Bangladesh-India border, aiming to curb unnecessary public spending. The decision was taken in principle at a Council of Advisers meeting chaired by Chief Adviser Prof Muhammad Yunus on Thursday, Chief Adviser’s Press Secretary Shafiqul Alam […] The post Bangladesh Government moves to shut down inactive land ports to reduce costs appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Political instability, energy shortages hamper investment growth Bangladesh’s investment growth is faltering as political uncertainty and an ongoing energy crisis continue to weigh heavily on business confidence, economists and industry leaders warned on Thursday. Speaking at the Policy Research Institute’s (PRI) Monthly Macroeconomic Insights programme in Dhaka, experts said that private and public investments remain stagnant, with worrying signs of decline in […] The post Political instability, energy shortages hamper investment growth appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

BGMEA, RSGT meet to address shipment and container handling issues The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Red Sea Gateway Terminal (RSGT) sat for a meeting on 28th August to discuss pressing challenges in container handling and shipment clearance. BGMEA was represented by Directors Kazi Mizanur Rahman, Mohammad Sohel, and Enamul Aziz Chowdhury, along with Mozammel Haque Bhuiyan, Chairman of the Standing Committee […] The post BGMEA, RSGT meet to address shipment and container handling issues appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Centre extends cotton import duty exemption till 31st December amidst US tariff pressure The central Government has extended the exemption of import duty on cotton until December 31, offering relief to the country’s garment industry that has been impacted by steep tariffs on exports to the United States. The duty exemption was first announced on 18th August, when imports of cotton were made duty-free until 30th September. According […] The post Centre extends cotton import duty exemption till 31st December amidst US tariff pressure appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Mongla Port launches LCL cargo handling to aid small traders A long-awaited Less-than-Container Load (LCL) cargo handling system has been implemented by the Mongla Port Authority, opening up new prospects for importers and exporters of all sizes. Without having to pay the entire cost of an entire Container Load (FCL), dealers can ship smaller consignments in shared containers thanks to this provision. It is also […] The post Mongla Port launches LCL cargo handling to aid small traders appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

DCCI warns of strained economy amid slowing growth, falling investment Bangladesh’s economy is under mounting pressure from slowing growth, stubborn inflation, and a slump in private investment, according to a new assessment by the Dhaka Chamber of Commerce & Industry (DCCI). In its report Bi-Annual Review: Current State & Future Outlook of Bangladesh Economy (H2 FY25)”, the chamber cited both global headwinds and domestic policy […] The post DCCI warns of strained economy amid slowing growth, falling investment appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

#TradeData #GarmentExporter

Robert Antoshak

@agathonian.bsky.social

7 months ago

Bangladesh experiences 20% growth in FDI in FY ’25, reaching US $ 1.71 billion Bangladesh recorded a notable rebound in foreign direct investment (FDI) during the fiscal year 2024-25, with net inflows totaling US $ 1.71 billion, a 20% increase compared to the previous year, according to central bank data. The rise follows a three-year low in FY ’24, which was marred by political turmoil surrounding national elections and […] The post Bangladesh experiences 20% growth in FDI in FY ’25, reaching US $ 1.71 billion appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Mohammad Ali appointed as EBFCI Country Head in Bangladesh The Europe Bangladesh Federation of Commerce and Industry (EBFCI) has appointed Mohammad Ali as its Director and Country Head for Bangladesh, a move expected to strengthen trade relations and expand cooperation between Bangladesh and the European Union (EU). Ali formally received his certificate of directorship at an inauguration ceremony held in Dhaka, on 25th June. […] The post Mohammad Ali appointed as EBFCI Country Head in Bangladesh appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Chittagong Port expands yard space to 59,000 TEUs to ease congestion The Chittagong Port Authority (CPA) has increased its container storage capacity by about 10 percent, bringing total capacity to 59,000 TEUs to relieve a congestion squeeze that has troubled the port over the past two months. The expansion was achieved by freeing up space in existing yards and by beginning to use two old sheds […] The post Chittagong Port expands yard space to 59,000 TEUs to ease congestion appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

BGMEA calls on global brands to invest as sustainability partners The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged international apparel brands to invest in sustainability not just as buyers but as real partners. The call came during a multi-stakeholder working group meeting organised by the German Development Agency (GIZ) and Solidaridad Network Asia in Dhaka. The meeting, held on 18th August, brought together […] The post BGMEA calls on global brands to invest as sustainability partners appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Mongla Port sets Taka 600 crore revenue, 12 million tonne cargo target for FY 2025–26 The Mongla Port Authority (MPA) has set an ambitious target of earning Taka 600 crore in revenue and handling more than 12 million tonnes of cargo in the 2025–26 fiscal year, strengthening its position as Bangladesh’s second-largest seaport. MPA Deputy Director (Media) Md Makruzzaman said the port witnessed a record performance in FY2024–25, handling 10.4 […] The post Mongla Port sets Taka 600 crore revenue, 12 million tonne cargo target for FY 2025–26 appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

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Robert Antoshak

@agathonian.bsky.social

7 months ago

BKMEA, German Embassy discuss LDC graduation, trade challenges A German Embassy delegation met with the leadership of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) on Monday (18th August) at the association’s Dhaka office to discuss Bangladesh’s upcoming graduation from the least developed country (LDC) category and its implications for trade. The discussions covered international market challenges, fair pricing issues, and the impact […] The post BKMEA, German Embassy discuss LDC graduation, trade challenges appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

After Beximco, Nassa Group next in line for government support to keep factories running The government is preparing to extend financial and policy support to Nassa Group, one of Bangladesh’s largest garment manufacturers, in a move aimed at keeping its production lines operational and safeguarding wages for tens of thousands of workers. This follows a similar intervention earlier this year to assist Beximco Group. Although several Nassa concerns have […] The post After Beximco, Nassa Group next in line for government support to keep factories running appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Imports of RMG raw materials for Bangladesh grow 9.9% in FY ’25 Bangladesh’s imports of raw materials for the readymade garment (RMG) sector rose by 9.9 percent in the financial year 2024-25, according to Bangladesh Bank data. The country imported RMG raw materials, including raw cotton, yarn, staple fibre, and other accessories, worth US US $  18.44 billion, up from US US $  16.78 billion in FY […] The post Imports of RMG raw materials for Bangladesh grow 9.9% in FY ’25 appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Chittagong’s air cargo plans hit roadblock as tender delays continue Four months after Chittagong Shah Amanat International Airport announced plans to launch direct export cargo flights, the initiative remains stalled at the tender stage, casting uncertainty over whether it will be implemented this year. The project, first proposed in April following India’s cancellation of transshipment facilities, aims to establish direct cargo links to Europe and […] The post Chittagong’s air cargo plans hit roadblock as tender delays continue appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

BGMEA Chittagong board meets port authority to address key export challenges The Chittagong Port Authority (CPA) hosted a courtesy meeting on 14th August, with the BGMEA Chittagong Board to discuss pressing issues affecting the city’s garment export supply chain. The discussions centered on a range of operational and logistical challenges at the port. Key issues raised included a four-fold increase in FCL container storage rent, a […] The post BGMEA Chittagong board meets port authority to address key export challenges appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Bangladeshi apparel exporters eye US ‘first sale’ rule to boost price competitiveness Bangladeshi garment manufacturers are looking to tap into the United States’ “First Sale” provision, a trade rule that can lower import duties, as a way to make their products more competitive in the world’s largest apparel market. Under US customs law, the First Sale rule allows importers to pay duties based on the manufacturer’s selling […] The post Bangladeshi apparel exporters eye US ‘first sale’ rule to boost price competitiveness appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

India extends land port ban to Bangladeshi bleached fabric, jute products India has further tightened restrictions on imports from Bangladesh via land ports, adding new categories of products to its ban list. The latest notification, issued by the Directorate General of Foreign Trade under India’s Ministry of Commerce and Industry, specifies that bleached woven fabric of man-made fibres, twine, cordage, ropes, and sacks and bags made […] The post India extends land port ban to Bangladeshi bleached fabric, jute products appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

Kmart engages with BGMEA to promote sustainability, boost trade opportunities A delegation from Kmart Australia met with leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at the BGMEA Complex in Uttara, Dhaka, to discuss avenues for collaboration in building a sustainable apparel industry and expanding trade ties. The Kmart delegation was led by Tristram Gray, Chief People & Corporate Affairs Officer; Albert Young, […] The post Kmart engages with BGMEA to promote sustainability, boost trade opportunities appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

BGAPMEA signs MoU with Swisscontact to promote sustainability in garments accessories sector The Bangladesh Garments Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA) has partnered with Swisscontact, a Swiss development organization, through the signing of a Memorandum of Understanding (MoU) aimed at fostering green growth and resilience in the garments accessories and packaging industry. The MoU was signed during a joint workshop held in Dhaka, with Bidowara […] The post BGAPMEA signs MoU with Swisscontact to promote sustainability in garments accessories sector appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

#Manufacturing #GarmentExporter

Robert Antoshak

@agathonian.bsky.social

7 months ago

Chittagong port faces crisis due to overwhelming number of empty containers Chittagong port, Bangladesh’s primary gateway for international trade, is facing severe congestion caused by an excessive accumulation of empty containers, surpassing its storage capacity and disrupting port operations. As of Thursday, 7th August, the port’s designated empty container yards held 7,158 TEUs, significantly above their capacity of 5,500 TEUs, according to data from the Chittagong […] The post Chittagong port faces crisis due to overwhelming number of empty containers appeared first on Apparel Resources.

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Robert Antoshak

@agathonian.bsky.social

7 months ago

BKMEA, Amfori explore business ties, transparency in Bangladesh RMG The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and the global business association Amfori convened an introductory meeting on Thursday at BKMEA’s Dhaka office to explore new avenues for collaboration and to promote transparency within Bangladesh’s thriving Ready-Made Garment (RMG) industry. The session was led by BKMEA Executive President Fazlee Shamim Ehsan, who highlighted the […] The post BKMEA, Amfori explore business ties, transparency in Bangladesh RMG appeared first on Apparel Resources.

#Sustainability #GarmentExporter

Robert Antoshak

@agathonian.bsky.social

7 months ago

#TradeData #GarmentExporter

Robert Antoshak

@agathonian.bsky.social

7 months ago

US tariff on Bangladeshi garments takes effect tonight, with limited impact on some shipments The United States’ new 20% reciprocal tariff on Bangladeshi exports to the US will come into force tonight, potentially reshaping the trade landscape for Bangladesh’s vital apparel sector. The tariff, which raises the total duty on Bangladeshi garments to 35.5%, applies to all shipments dispatched from Chattogram port after 12:01 am on 8th August. Shipments […] The post US tariff on Bangladeshi garments takes effect tonight, with limited impact on some shipments appeared first on Apparel Resources.

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