Clothes CONNECTION Int'l

BGMEA president demands duty free import of machinery and spare parts and reduction of VAT. The Bangladesh Garment Manufacturers and Exporters Association, BGMEA, headed by President Shaiful Islam Mohiuddin, in a meeting with Dr Nasiuddin Ahmed of the National Board of Revenue has demanded that the government reduce duties for machineries and spare parts and  [ Read More ]

Bangladesh Ready Made Garments urges a halt on Foreign Direct Investment and Tax Holidays The readymade garments industry of Bangladesh has urged the government to halt foreign direct investment (FDI) as it is unable to compete with foreign manufacturers. The country has  attracted investment from Korea, Taiwan and Japan among other countries who have established  [ Read More ]

Bangladesh Garment Manufacturers and Exporters Association, BGMEA, authorized to issue Country of Origin Certificates According to the Commerce Minister, Faruk Khan, The Bangladesh Garment Manufacturers and Export Association, BGMEA, has been authorized to issue the country of origin (COO) certificates for exports of apparels from Bangladesh. Previously the government operated, Export Promotion Bureau , EPB,  [ Read More ]

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  [ Read More ]

India increases quota for duty free imports of Bangladesh garments from two million to ten million India’s Commerce and Industry Minister, Anand Sharma, whilst leading a strong delegation from the Federation of Indians Chambers and Commerce & Industry, Ficci, announced an increase in duty free import quota of garments from Bangladesh from two million pieces  [ Read More ]

Textile & garment sector accounts for approx 50% of all investment proposals According to the Board of Investment, BOI, the textile and garment sector accounts for approximately 50% of all investment proposals to Bangladesh for the period Jan 2009 to March 2011. A total of 1198 textile and garment projects were registered during that time,  [ Read More ]

Japan relieves GSP rules for Bangladesh knitwear exports following request from government Effective from April 2011, the Japanese government has relaxed the rules of origin under the Generalized System of Preferences(GSP) on exports of knitwear from Bangladesh.  The relaxed rules of origin applies to knitting and dyeing and sewing and knitwear products, which will now  [ Read More ]

Textile Mills: Casualties of the EU’s relaxed Rules of Origin The EU’s relaxed rules of origin under the generalised system of preferences (GSP) may have substantially boosted exports of readymade garments from Bangladesh in the first three months of the year. However it appears to have spelled gloom and doom for the textile industry as  [ Read More ]

Knitwear sector posts 44% growth in fiscal year 2010-11 but is hampered by cotton and gas crisis The Knitwear sector posted a record 44 per cent growth in exports in the first nine months of the fiscal year, reaching 6.6 billion and exporters are hoping for a target of $9 billion dollars by the end  [ Read More ]

EPB sets export targets to $18.5 billion for fiscal year 2010-11. According to the Export Promotion Bureau, the growth in exports of Bangladesh exceeded 40.31 percent in the nine months of the current fiscal year exceeding $ 16 billion dollars and exports of March alone grew 40.56 per cent compared to last year. Sectors experiencing  [ Read More ]