Due to the severe floods in Pakistan and the cancellation of import tax exemption for Sri Lanka by the European Union, many European and American clothing orders are facing Christmas demand and it is very likely that orders will be transferred to Bangladesh for production.
According to estimates by the Pakistani government, the floods in 2010 will reduce the Pakistani garment industry by 7 to 10%;
On the other hand, garments imported from Sri Lanka to the European Union will allow European importers to pay an extra 12.5% ​​tax.
However, Abdus Salam Murshedy, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), stated that the current energy shortage situation in Bangladesh, coupled with serious delays in the importation of raw materials and the export operations of Chittagong, will all contribute to Bangladesh. The national garment industry cannot grasp this opportunity.
President A also stated that although the clothing export industry in Bangladesh has continued to grow well, if the energy issue can be solved, the garment export industry in the country can grow by more than 15%.
According to estimates by the Pakistani government, the floods in 2010 will reduce the Pakistani garment industry by 7 to 10%;
On the other hand, garments imported from Sri Lanka to the European Union will allow European importers to pay an extra 12.5% ​​tax.
However, Abdus Salam Murshedy, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), stated that the current energy shortage situation in Bangladesh, coupled with serious delays in the importation of raw materials and the export operations of Chittagong, will all contribute to Bangladesh. The national garment industry cannot grasp this opportunity.
President A also stated that although the clothing export industry in Bangladesh has continued to grow well, if the energy issue can be solved, the garment export industry in the country can grow by more than 15%.
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