Bangladesh’s share in global RMG trade to rise this year BGMEA says

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is hopeful that the country's share in the global apparel market may reach 8 per cent within this year as international clothing retailers and brands are coming here with new work orders.

Currently, the share of Bangladesh in the global apparel business is 6.26 per cent as the World Trade Organisation made the estimate based on the actual earnings from garment shipment in 2020. Bangladesh is now the second largest garment exporter in the world after China.

Although there are some signs of slowdown in garment exports now, it is expected that the shipment to new destinations, particularly in the Asian markets, will witness growth, BGMEA President Faruque Hassan said at a press conference yesterday.

The BGMEA organised the press conference at its office in Dhaka to brief journalists about the outcomes of the just-concluded Made in Bangladesh Week, a campaign to showcase Bangladesh's strength in the garment business, held in the capital.