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Entrepreneurs in the Bangladeshi garment industry say garment exports to the United States have declined since the collapse of Rana Plaza in Savar in April 2013. The situation has been changing since the beginning of the US trade war with China. Many American companies come to Bangladesh with more purchases to reduce their dependence on China and get relief from increased tariffs. Exports also continue to grow at a proportional rate. But because of Corona, Bangladesh is again in a bad time on the market. However, Bangladesh’s position is comparatively better than that of competing countries.
Fazlul Haque, former president of BKMEA, an association of network owners, wanted to know The first lightWho said that the demand for clothing in the US market will grow rapidly depends on the second wave of corona infections. Measures such as the blockade due to the second corona wave are already being taken in Europe. On the other hand, no initiative has been taken in the United States. All your attention currently surrounds the choice. However, if the crown strikes again, there will be confusion until the vaccine arrives.
Meanwhile, the US market ranks first in apparel exports, but the situation in China is deplorable. China’s apparel exports fell 9 percent last year as a result of a trade war with the United States. However, due to Corona, exports continued to fall dramatically in the following months. Finally, in the first nine months of this year, China exported clothing worth 1.96 billion pounds, 45 percent less than in the same period last year.
