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BGBA for cell to resolve export market problems

Staff Correspondent | Published: 22:17, Apr 02,2020

 
 

The Bangladesh Garment Buying House Association has requested the government to form a high-powered readymade garment cell to address local and international problems which might arise in the export business during and after the global coronavirus outbreak.

BGBA president Kazi Iftaquer Hossain placed the proposals in a letter to the prime minister’s principle secretary on March 29.

He said that many of the global buyers were not accepting delivery of the readymade garment products which had reached their ports as most European countries and the United States imposed full or partial lockdowns to contain the coronavirus outbreak.

‘It is uncertain whether the EU and the US buyers will accept delivery of the products which have already reached their ports or are at sea,’ Iftaquer said.

He said that it was important for Bangladesh to form a cell comprising representatives from the commerce ministry, foreign ministry, finance ministry and jute and textiles ministry, customs office, the Bangladesh Bank and trade bodies of businesses concerned to address the possible problems that had surfaced due to the coronavirus outbreak.

‘The value of already shipped readymade garment products that are at sea or at ports would be more than $2.5 billion. Many of the buyers were not accepting delivery of the goods saying that they would receive them once the lockdown was withdrawn,’ Iftaquer told New Age on Thursday.

He said that the Bangladeshi RMG exporters would have to face many problems in the global market during and after the epidemic and a government cell could help the exporters to get their fair share.

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