Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged Australia to maintain tariff benefits after graduation from LDCs (Least Developed Countries), urged US buyers to source more from Bangladesh and discussed the mutual trade benefits of duty-free access on ready-made products. clothing in Brazil.
BGMEA President Faruque Hassan delivered a speech on “The Apparel Industry – Competitiveness Beyond COVID-19” at an international webinar hosted by six Australian universities.
Hassan highlighted the considerable progress made by the ready-to-wear industry (RMG) in the areas of workplace safety, sustainability and ethical manufacturing.
He explained: “We have set our priorities to strengthen our capacities, in particular in the field of diversification of our products and markets, investments in high-end textile sectors, in particular non-cotton sectors, innovation. and added value, and modernization of technologies.
Hassan called on the Australian government to extend the LDC reclassification transition period for Bangladesh for a smoother transition.
He said: “Given that 83% of Bangladesh’s export earnings depend on RMG alone, which employs 10 million people, including upstream and downstream link industries, and given that Covid-19 has caused severe financial hardship to the industry, which will take some time to recover, we call on development partners, including Australia, to extend the transition period for the LDC withdrawal by 12 years. ”
He spoke of the downward trend in prices in the global apparel market which has posed a major challenge for the industry, especially at a time when the sector is struggling to recover from the impacts of the pandemic of Covid-19.
He also urged buyers and retailers to be more empathetic and rational in pricing so that a secure global market can be built where the workplace and jobs are safer and more sustainable.
BGMEA’s request for US buyers was made during a call with Richard Rosenthal, CEO of US brand Tailor Vintage. Hassan explained that he is calling on brands and buyers in the United States to source more clothing, including non-cotton and high-end clothing products from Bangladesh.
He said unprecedented advances in safety, sustainability and social compliance in the ready-to-wear industry (RMG) have earned Bangladesh global recognitions and made the country a preferred sourcing destination. buyers.
He also highlighted the future priorities of the clothing industry, in particular an increased focus on the non-cotton and premium segment.
While the conversations with Brazil on duty-free access to ready-made garments took place on October 7.
The Brazilian Ambassador to Bangladesh and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) discussed how Bangladesh and Brazil would benefit from duty-free access on ready-made garments in Brazil.
The BGMEA explained that the collaboration for the garment and textile industry would work with Bangladesh’s future priorities, which include product diversification and global markets as well as innovation in product development.
Hassan stressed that Bangladesh is ready to import more cotton from Brazil for its ready-to-wear industry and requested the cooperation of the Brazilian ambassador to make this a reality.
BGMEA and the Brazilian Ambassador discussed the scope of Brazil’s collaboration and support in building the capacity of the Bangladesh Ready-to-Wear (RMG) sector in the development of the design of value clothing products. added.
Mr. Hassan said, “While Brazil has a large pool of designers and experts, we have a huge manufacturing capacity. So Brazil and Bangladesh can work together to develop our capacity to design and manufacture value-added products that can be exported to countries in South America. This will benefit both Brazil and Bangladesh.
Last month, Just Style spoke exclusively with Rakib Abdullah Hil from BGMEA about how the new Center for Innovation, Efficiency and Occupational Safety and Health will take the Bangladesh garment industry to the higher level.