
The world’s second-largest garment sourcing country exported textile products worth €33.05 billion in 2021, up by 30% over a troubled fiscal 2020, and by 8.2% over 2019.
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The world’s second-largest garment sourcing country exported textile products worth €33.05 billion in 2021, up by 30% over a troubled fiscal 2020, and by 8.2% over 2019.
While the health situation in textile manufacturing countries like Vietnam, Indonesia and Pakistan is critical, there is concern in Bangladesh about the effects an imminent lockdown would have on its textile industry.
Retailers and unions negotiating over a legally binding workers' safety accord in Bangladesh due to expire on Monday reached a tentative deal to extend it by three months, unions involved in discussions said.
Bangladeshi manufacturers said on Wednesday that they would blacklist Western fashion brands that “exploit” them by failing to pay their bills due to the new coronavirus crisis.
Hundreds of thousands of garment workers across Asia have been laid off, according to the Workers Rights Consortium, and are now struggling to survive with little welfare support.
Bangladesh, the second-largest apparel producer after China, is set to lose roughly $6 billion in export revenue this financial year amid cancellations from some of the world's largest brands and retailers.
Canadian yoga pants specialist, Lululemon Athletica Inc, said on Tuesday it was investigating a factory in Bangladesh over the treatment of female workers making its clothes.
European fashion brands who buy readymade garments from Bangladesh agreed on Tuesday to hand over responsibility for issues like worker safety to a new body called the Readymade Sustainability Council (RSC).
Only 200 out of 1,600 garment factories in Bangladesh have met the requirements of an international accord on worker safety, and 400 factories have been barred from taking international orders.
Garment manufacturers in Bangladesh demanded higher export subsidies from the government, saying proposals in the latest national budget were not enough to compensate for higher production costs and low prices.