Dhaka, Nov. 15 -- The ready-made garment (RMG) industry, Bangladesh's main export earner, is facing multiple challenges, including a sluggish economy, political unrest, unpaid wages, and aggressive marketing by competitors in the European Union, industry sources say.
After the imposition of Trump-era tariffs, Bangladesh had hoped to gain an edge over rival countries. However, the results have been disappointing, with exports declining despite the country's strong potential.
The export sector is particularly affected as Chinese exporters, facing high US tariffs, have aggressively targeted the EU market with low-priced products, leading to production slowdowns and declining shipments, industry insiders noted.
Former BGMEA Director Mohiuddi...