Apparel Online Bangladesh Magazine January Issue 2019 | Page 15

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EDITOR'S PICK - 2018
August
Bangladesh in FY 2017-18
posted an overall growth of
8.76 per cent on a year-on-
year basis, exceeding the
strategic export target of
US $ 30.1 billion by 1.51
per cent already…
November
As the landmark year of
2021 is inching closer,
Bangladesh seems to have
stepped on the gas to
achieve its long-cherished
goal of US $ 50 billion in
apparel exports.
As per available data,
Bangladesh has continued
with its good show in both
Europe and USA. If USA
remained the top destination
for the country’s apparel
exports in the first three
months of the current fiscal
year registering a growth of
around 3 per cent, countries
from Europe have also
been doing pretty good,
barring UK.
As per information from
EPB, apparel exports to the
US during July-September
2018 amounted to over US
$ 1.5 billion, a 3 per cent
growth from the US $ 1.45
billion worth of shipment
during the same period last
year. The scene is even more
encouraging when it comes
to Germany, which has
emerged as the key growth
accelerator, coming close
behind USA in the second
spot…
The only dedicated
marketplace
pleasure to note the
sector’s mercurial progress
in terms of achieving
workplace safety, and
more so, its willingness
and determination to carry
forward the good work on
its own.
December
In response to the High
Court verdict, asking the
Accord to leave Bangladesh
by November 30, the
Accord has approached
the Supreme Court for a
stay order on the verdict,
further hearing for which
is expected on December
6. In the run up to the
exit of Accord from the
country, the buyers’
platform has reportedly
made clear its intentions
to cut ties with around 532
garment factories for their
allegedly poor progress in
remediation.
This news has caused flutter
among the industry and has
cast a spell of uncertainty.
Significantly, many of these
factories belong to industry
leaders and office-bearers
of BGMEA…How the
exit will finally play out is
being watched keenly by
the industry, but it would
certainly not be fair on
the part of the industry if
the Accord leaves without
fulfilling its commitment
to support the industry
on its path towards safe
manufacturing.
11 – 14
February 2019
Paris
Le Bourget
www.shawlsandscarves-paris.com
www.apparelresources.com | January 2019 | Apparel Online Bangladesh
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19/11/2018