Search Results for: Bangladesh

Turkish textile entrepreneurs have been signalling a willingness to relocate their units to Bangladesh, tapping into the south Asian nation’s geo-economic significance, officials and diplomats say.
Interest was notably shown by Turkish investors in week-long seminars on Trade & Investment Opportunities in Bangladesh’, organised by  the Bangladesh embassy in Ankara, in April and this month (May), in five Turkish cities, including the capital Ankara, key textile production centre Istanbul, Kayseri, Bursa and Kocaeli province.…

Indonesia’s textile sector and government has been actively implementing workplace safety and health policies in its textile and garment factories that follow Garment Factory Construction Guidelines issued by the International Labour Organisation (ILO). These have been promoted since ILO’s Jakarta unit released its Better Work Indonesia (BWI) programme in May 2014 said an official from the Indonesian Textile Association (API – Asosiasi Pertekstilan Indonesia) told WTiN.com.…

GLOBAL knitwear outsourcing centre Bangladesh is expected to soon ratify the emerging market D-8 PTA preferential trade agreement, newspaper reports in Dhaka say, indicating the government may have loosened demands over rules of origin. Bangladesh has been pushing for its manufacturers to gain privileged access to D-8 markets (Iran, Indonesia, Malaysia, Pakistan, Nigeria and Turkey, as well as Egypt if it also ultimately ratifies), if 30% of value in a product is created within Bangladesh.…

Just a little over four years after the Rana Plaza building collapse that killed more than 1,100 workers in Dhaka, Bangladesh, in April 2013, key participants in the global garment supply chain met in New York City to assess progress in protecting garment worker safety.…

Facing a decline in its natural gas production, Bangladesh is diversifying supplies by building its first liquefied natural gas (LNG) terminal—a floating storage and re-gasification unit (FSRU) on southeastern Moheshkhali Island, near Chittagong. The project is being guided by US-based LNG regasification specialist Excelerate Energy, with the facility designed to handle up to 700mcfd (million cubic feet per day) from next year (2018).…

A MALAYSIAN government scheme encouraging foreign investors to buy property in Malaysia may have led to thousands of Bangladeshis breaching their country’s strict capital control restrictions.

A total of 3,493 Bangladeshis has participated in the Malaysia My Second Home (MM2H) long-term residency programme since 2003, according to statistics updated in December (2016) – 10.7% of all investors taking part worldwide.…

THE EUROPEAN Commission should bring forward legislation to enhance due diligence for supply chains in the garment sector, the European Parliament’s development committee said yesterday (March 21). MEPs backed a report by Spanish MEP Lola Sánchez Caldentey from the European United Left/Nordic Green Left (GUE/NGL) group which asked the Commission to propose a European Union (EU) law saying a binding reporting system should generate data linking each product to its respective producers.…

PAKISTAN knitwear manufacturers and exporters say the country’s knitwear industry is passing through difficult times, with export sales becoming tougher to secure through growing input costs and a continued failure of the government to implement a much-vaunted and recently-announced bailout package.…

THE EUROPEAN Union’s (EU) and Canada’s strong branded knitwear companies may benefit from additional mutual trade after the European Parliament’s approval and resulting signature of the Comprehensive Economic and Trade Agreement (CETA) between the two jurisdictions.

This long-negotiated and highly contested deal, which could apply from April as far as its key duty and quota liberalisation elements are concerned, will remove nearly 99% of tariffs on all goods traded between the EU and Canada and eliminate tax discrimination.…

INDIA’S fast growing consumer goods company Patanjali Ayurved is launching a major international expansion initiative with plans to export products to China, Bangladesh and some African countries, just-food has been told.

“We presume [that] there is a great potential for our herbal products [in those countries], so we are intensifying our efforts to make it available at large,” a spokesperson from the Uttarakhand-based company told just-food.…