It is time to reduce our dependence on fossil fuels altogether.
How can we reduce CO2 emissions associated with our industry?
My biggest worry in this situation is for our RMG workers, who are among the most vulnerable parts in the global fashion supply chain.
Garment makers, governments, NGOs and fashion retailers all agree on one thing: carbon emissions in the clothing production must be reduced. Our industry is one of the world’s most emissions-intensive, and it is simply not sustainable in its current format.
Two years ago, garment order books were empty as Covid broke out and shut down the main global markets for Bangladesh.
A host of challenges await garment makers as 2022 progresses.
It is time to reduce our dependence on fossil fuels altogether.
How can we reduce CO2 emissions associated with our industry?
I am not ruling out the possibility of Bangladesh being granted a place in the GSP+. I would rather argue that we need to also prepare for a time when we can stand on our own two feet as far as international trade is concerned. To do this, I believe we now need to make faster moves on bilateral Free Trade Agreements (FTAs) and also preferential trading agreements (PTAs) with some of our existing trading partners, where we can negotiate mutually gainful benefits and opportunities. It is a new game that our government and businesses must start preparing for.
In theory, this sounds like a good idea, but it is not so straightforward.
There is anecdotal evidence that investment is taking place to upgrade operations to meet the demands of international customers.
The discussion on holding the largest emitter to account was notably lacking at the conference.
As garment makers, we cannot afford to absorb all cost increases along the supply chain.
My biggest worry in this situation is for our RMG workers, who are among the most vulnerable parts in the global fashion supply chain.
Global energy challenges are continuing to impact Bangladesh's garment industry.
By limiting ourselves to these two markets, we are missing out on a whole world of opportunities.