It ain't fashion, if it ain't sustainable

Faruque Hassan

World Trade / BGMEA Move

29 January 2024

2 minutes

The readymade garments (RMG) sector of Bangladesh though firmly established as the second-largest apparel exporter globally, faces challenges due to global geopolitical tensions, exchange rate fluctuations, the dollar crisis and a surge in cotton price, aggravated by intense competition from low-cost nations.

BGMEA to Launch Virtual Marketplace for RMG Industry to Counter Geopolitical Risks

The apex Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will develop a virtual marketplace to integrate the local textiles industry into global value chains and capitalise on the shift towards online purchasing.

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