BGMEA DAILY DIGEST
News published in media related to RMG: Today’s RMG News

The Dhaka Tribune
Brazil vs Argentina: Who has better trade with Bangladesh? Talking to Dhaka Tribune, Faruque Hassan, president of BGMEA, said that since 2009, they have been working to capture the market of Brazil and Argentina. “The two major problems in Brazil's market are the high import duty and currency devaluation,” he added. He also said that Brazil is a very big and potential market and some brands are exporting apparel items to the country despite its high duty.BGMEA Director Mohiuddin Rubel said that many manufacturers export to Brazil. “Latin America is a very big market. There is an opportunity to export in bulk quantities. As their purchasing power is good, it can be a good destination for market expansion,” he said.

The Business Insider
War takes toll on Bangladesh’s RMG shipment to Poland, Germany According to Export Promotion Bureau (EPB) data over July-October exports, Bangladesh’s shipment to Poland fell by 27.59 percent to $398.77 million and to Germany by 2.54 percent to $2 billion.“LPP S.A, a Polish multinational clothing retailer generally imports millions of dollars’ worth apparels from Bangladesh and transship those to Russia. Amid the current war, they ceased paying our exporters and the dues amounted to more than $60 million. The pending orders are being held, too,” Shahidullah Azim, vice president of BGMEA, told Business Insider Bangladesh.“From last week, some of our buyers started coming back. Work orders are also increasing at a very slow pace. I think we will be able to recover all the dues in the next year,” said BGMEA President Faruque Hassan.

The Daily Star
RMG orders picking up as US retail sales spike The restoration of buoyancy in US markets has led to a strong rebound in work orders from international apparel retailers and brands, providing much-needed relief to garment makers in Bangladesh following a lean season. Md Shahidullah Azim, vice-president of BGMEA, says a lot of enquiries are coming from international buyers for the next spring season, which begins in March, not work orders. Faruque Hassan, president of the BGMEA, said: "Orders are not coming in a big way like we received in February and March, but it is picking up gradually." "Only some factories are getting a lot of orders in specific product categories."

The Financial Express
Govt set to finalise RMG Sustainability Council framework The government is set to finalise a framework for RMG Sustainability Council (RSC) with an eye to monitoring the overall activities of the national tripartite initiative - representing each of the three constituents from industry, global fashion brands, and global and local trade unions. Earlier, in its third meeting held in October, the Government Coordination Council (GCC) decided to finalise the proposed draft. It is supposed to submit the framework to the commerce ministry first for approval and then to the labour and employment ministry.

দৈনিক বাংলা
এপ্রিলে সব বন্দরে চালু হচ্ছে ‘গ্রিন চ্যানেল’ ব্যবসায়ীদের জন্য সুখবর আসছে। তাদের খরচ কমাতে দেশের সব বন্দরে চালু হচ্ছে ‘গ্রিন চ্যানেল’। জাতীয় রাজস্ব বোর্ডের (এনবিআর) উদ্যোগে আগামী এপ্রিলে চালু হচ্ছে এই সুবিধা। তবে সবাই পাবেন না এ সুযোগ। যারা সুনামের সঙ্গে ব্যবসা-বাণিজ্য করছেন, অতীত রেকর্ড ভালো- কেবল তারাই এই সুবিধা পাবেন। এনবিআর সূত্র বলেছে, যোগ্য সব প্রতিষ্ঠান গ্রিন চ্যানেলের সুবিধা পাবে। যোগ্য প্রতিষ্ঠান নির্বাচনের জন্য একটি নীতিমালা তৈরি করেছে এনবিআর। তার আলোকেই সুবিধাভোগী প্রতিষ্ঠানকে নির্বাচন করা হবে।