Dhaka, Jan. 20 -- Leaders of the country's two main apparel trade bodies have blamed the Ministry of Commerce (MoC) for making a unilateral move to withdraw bonded-warehouse facilities on yarn imports.

They warned that such a decision could push Bangladesh's ready-made garment (RMG) industry into a serious crisis.

The proposed restriction, aimed at curbing imports and protecting local spinners, ignores the concerns of exporters at a time of slowing global demand and rising cost pressures, they argued.

The allegations were made on Monday at a joint press conference organised by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), underscoring ...