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Delays and Delivery Default Risks Unavoidable

Since beginning of the global COVID crisis Bangladesh enforced multiple local, regional and national lockdowns with various level of intensity and effectiveness. The Ready-Made-Garments (RMG) industry, backbone of the Bangladesh’s economy contributing up-to 80% of the country’s export, however, remained unaffected from lockdowns fearing worst economic consequence with social and political risks in case millions […]

ভেনামী চাষে হোঁচট খেয়ে বাগদায় ফেরৎ

২০০৯ খ্রীষ্ঠাব্দ থেকে ভারতে পাইকারী হারে ঐতিহ্যবাহী বাগদা (ব্ল্যাক টাইগার) চিংড়ি চাষের পরিবর্তে ভেনামী (হোয়াইটলেগ) চিংড়ি চাষের সূত্রাপাত ঘটে। সেসময় ভেনামীর উচ্চফলন, বেশী লাভ এবং রোগবালাই সহনশীলতার প্রতিশ্রুতি চিংড়ি চাষী এবং বিনিযোগকারীদের মধ্যে উচ্চ আকাঙ্খার সঞ্চার করেছিল। ভেনামী চাষ ভারতকে অল্প সময়ের মধ্যেই মার্কিন যুক্তরাষ্ট্রের বাজারে প্রবেশ করতে সাহায‍্য করে এবং একটা ভাল অবস্থানে নিয়ে […]

Back to Black Tiger as Profits Plunge

Whiteleg or Vannamei shrimp was introduced to India in 2009 in an almost wholesale shift from traditional Black Tiger shrimp farming, raising high hope for farmers and investors promising high yield, profitability and disease resilience. This enabled India to gain better market access in the USA ranking it as top exporter of shrimp in the […]

BGMEA asks Peacocks to clear payments to 29 Bangladeshi factories

M.T. Sweater Limited of Bangladesh made sweaters for the British discount clothing chain Peacocks. Last September, they supplied sweaters worth ca. EUR 0.5 million, which the Peacocks received only last month after a long six-month delay. Additionally, EUR 0.55 million worth of ready-made and half-made garments for this buyer are now lying in the warehouse […]

Bangladesh’s “Ease of doing business Index” Ranking dilemma!

The highest ranking official of the foreign investment promotion and supervision authority of Bangladesh, the Bangladesh Investment Development Authority (BIDA), does not believe that Bangladesh would achieve it’s goal improving it’s rank among the 100 best countries in the World Bank’s Ease of doing business Index this year. One of the most senior bureaucrats of […]

Opportunities beyond clothing in Bangladesh

Bangladesh no longer requires introduction as global sourcing hub for major clothing brands of the world. The fierce suppression of the FOB price, increasing costs for compliance to many national and international rules and regulations – often separately brand by brand – and retail market volatility leave very little room for margins for most clothing […]

Sourcing from Bangladesh is expected to be 9% higher

Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country (LDC) bracket. Upon graduation from the LDC status, exports will be subjected to 6.7 percent additional tariff as duty-free and quota-free benefits from different countries and trading partners will be withdrawn, according to a […]

Bangladesh workplace deaths double in 2016

Bangladesh has been struggling for repairing it’s damaged reputation as unsafe workplace, particularly after the collapse of the Rana Plaza factory building on the 24th April 2013 killing 1,135 innocent people. It has experienced 1,402 casualties in the workplace last year, according to a report published by the Bangladesh Institute of Labour Studies (BILS). Last year 699 […]

Sustainability Compact – Achievements and Challenges

In response to the collapse of the Rana Plaza factory in April 2013, the Government of Bangladesh (GoB), the International Labour Organisation (ILO), the European Union (EU) and the United States (joined later) engaged in a joint initiative known as “Compact for Continuous Improvements in Labour Rights and Factory Safety in the Ready-Made Garment and […]

Bangladesh Sustainability Compact Achievements

Sustainability Compact achievements may be categorised in Technical and Legislative achievements. Technical Achievements: Out of more than 7,000 factories, as of March 2017 approximately 1,580 factories have been inspected and 55 terminated by the Accord on Fire and Building Safety in Bangladesh for reasons of workplace safety. The Government of Bangladesh, in collaboration with the ILO […]