The outlook for Bangladesh’s apparel sector in the global market remains positive, with work orders expected to rise, sustaining growth momentum into 2025. Industry insiders have indicated that buyer confidence is recovering, leading to an expansion of sourcing activities in Bangladesh, which will help maintain this upward trend.
Official data shows that the European Union's apparel imports between January and December 2024 experienced a modest 1.53% increase in value, reaching $92.56 billion. However, a substantial 8.98% rise in import volume was accompanied by a 6.83% decline in average unit prices, exerting downward pressure on major sourcing countries, including Bangladesh.Price deflation pressures Bangladesh’s RMG industry
Bangladesh’s stolen billions: Europe and UK must act
Bangladesh’s ex-leader Sheikh Hasina and her entourage had nearly two decades to feather their nests before they were driven out of the country in a popular revolution last summer. Bangladesh’s new government says that nearly $248 billion (€237bn) was stolen by her and her cronies.
Businesses linked to Hasina’s Awami League took out huge loans from state-owned banks that were never repaid. That cash was funnelled out of Bangladesh using the Hundi money transfer system.
An investigation by the Observer and Transparency I...
Businesses linked to Hasina’s Awami League took out huge loans from state-owned banks that were never repaid. That cash was funnelled out of Bangladesh using the Hundi money transfer system.
An investigation by the Observer and Transparency I...
‘Better Regulation’ is progress towards EU reforms
We know that EU rules can all too often thwart firms’ best efforts to grow their business and to create new jobs. The UK has not been shy in pushing for the change that is long overdue and we have led the debate in Europe about reducing the burden on business.
That’s why, as part of our long term economic plan, I set up a taskforce of British business leaders in 2013 to look at the kind of reforms that we need to sweep away poorly-understood and ineffective rules and do away with the creep of similarly pointless regulation in the future.
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