Rmg export how to#

Total Export of Bangladesh & RMG Export Fig: Total Export of Bangladesh & RMG ExportĬomparison of Export Quantity (Million Dozen) Fig: Comparison of Export Quantity (Million Dozen) of Workersīangladesh Apparel Export Coverage Fig: Bangladesh Apparel Export Coverage (Value in Million USD)Ĭomparative Statics of Knitwear & Wovenwear Fig: Comparative Statics of Knitwear & Wovenwear (Value in Million USD) Global Knitwear Market Fig: Global Knitwear Marketīangladesh Woven Wear Exports Fig: Bangladesh Woven Wear Exports It works on productivity improvement, compliance, research and development, training and all national and international policy issues for the sake of knitwear industry.ĭifferent Woven Wears Fig: Different woven wearsĭifferent Knit Wears Fig: Different knit wears This is formed in 1996 to look after the interest of knitwear industry in Bangladesh. Bangladesh is the second largest exporter of ready-made garments (RMG) in the world.īKMEA (Bangladesh Knitwear Manufacturers & Exporters Association) is an apex trade organization consisting of 1758 member factories. Economy of Bangladesh depends on ready-made garments (RMG) industry. About 4.0 million people are employed in the garment sector. Ready-made garments (RMG) alone earned about 78.6% of the yearly foreign exchange earning of the country. Ready-made Garments (RMG) is the leading sector of Bangladesh in terms of employment, production and foreign exchange earning. Monir Uddin, vice-president (Finance) of BGAPMEA and Zahir Uddin Alamgir, vice president of BGAPMEA, among others, were present at the function.Last Updated on Ready-made Garments (RMG) Market in BangladeshĪhsanullah University of Science & TechnologyĮmail: (Bangladesh Garments Manufacturers & Exporters Association) is the apex trade body that represents the export oriented woven, knit and sweater garment manufacturers and exporters of the country. RMG industry has turned into a huge export market by contributing 83 per cent to the national exports due to the availability of affordable prices and the latest garments accessories and packaging products with the help of garment accessories and packaging makers, he added. However, no actual official figure is available so far, he stated. Replying to a journalist’s question, acting- president of BGAPMEA said the export volume from the garment accessories sector now reached nearly $3.0 million to $4.0 million.

Rmg export how to#

Speaking at the function, AKM Mostafa Salim, acting- president of BGAPMEA, said the proposed budget for the fiscal year 2023-2024 did not give any specific direction about how to tone down the complexities relating to the dollar crunch caused by the Russia-Ukraine war impact, the high price of raw materials and opening of letters of credit (L/C).ĭespite the equal opportunities for this sector kept and mentioned in the national industrial policy, export policy, and textile policy, garment accessories makers are yet to receive such facilities to date, Salim said.Īs a result, the expected development and evolvement of this sector have not yet been seen to deal with the potential challenges of the transition to a developing country in 2027, Mostafa added. The association sought support from the government to build and develop high-quality garment accessories and packaging industries in the country as well.

The trade body also called for an import ban on the accessories and packaging goods that are domestically produced.

Garment accessories makers urged the government to cut the source tax on export proceeds to 0.50 per cent from the existing 1.0 per cent in the proposed budget and continue it for the next five years.īangladesh Garment Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) at a post-budget reaction at its headquarters in the capital also demanded an equal bonded warehouse facility as provided to the readymade garments (RMG) sector.