Exporters of Tailor Made Garments and Stocklots

BGMEA Secures Warehousing Facility and Stocklot Sales Services in Europe

In order to protect its members from cancelled orders from Europe, the Bangladesh Garment Manufacturers and Exporters Association, BGMEA, have struck a deal with a European warehouse operator situated in Spain to release and hold the goods until a fresh buyer is found. Exports to Europe amounts to almost two thirds of the entire apparel exports of the country

Exporters currently face tremendous problems every year when shipments are cancelled on its way to a European destination for clearing the consignments. So the new deal with the BGMEA should help solve this problem. Moreover, the new deal should help reduce losses as new buyers are found. The service will be covered throughout Europe and a small charge will be payable to find a new buyer.

Spanish logistics company Yu-Kom Publicad S.L has entered into an agreement with the BGMEA to provide warehousing and stock sales services. The BGMEA president, Abdus Salam Murshedy and Yu-Kom executive Nuria Lopez signed the agreement at a ceremeony held at the BGMEA bhaban.

The BGMEA president said that similar warehousing facilities will be set up in the United States and Canada.

Categories: News

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