Not good for local RMG exporters
Dhaka, Aug. 29 -- The entrepreneurs of readymade garment industry apprehended that the apparel exports to European countries may decline further in months to come.
They said so far the import figure of the EU indicates a good position of Bangladesh's apparel to the markets. But due to the recent geopolitical tension, retailers are struggling to adapt to an increasingly inflationary global market, they said.
Besides, the retail sales of many European brands have declined significantly which increased their inventory stock, they added.
"Considering all these factors, our export to EU market might be shown declining trend in the coming months," Md Mohiuddin Rubel, Director of the Bangladesh Garment Manufacturers and Exporters Association ...
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