Search Results for: Bangladesh

Although the final details of the Trans-Pacific Partnership (TPP) trade agreement have yet to be agreed, it is all but certain that the TPP’s free-tariff treatment for Vietnamese garments will see substantial amounts of yarn being shipped from US textile mills to garment factories in Vietnam, with the resulting clothing returning to the USA as finished ‘Made in Vietnam’ products.…

Sri Lanka’s government remains positive about the possibility of regaining its Generalised Scheme of Preferences Plus (GSP+) concession status from the European Union (EU), which would probably boost the country’s knitwear exports. This privileged trade access status might help the country’s clothing industry overall achieve an ambitious target of earning USD8.5 billion from exports by 2020.…

BANGLADESH garment manufacturers are pushing for a tax break – urging the government to collect a levy only from just 10% of their export profits – instead from their overall profits, as at present.
The Bangladesh National Board of Revenue (NBR) collects 0.3% tax at source from a garment making factory based on their overall profit: “But we want the government to charge that tax only from a 10 percent of export profit,” Bangladesh Garment Manufacturers and Exporters Association (BGMEA) vice president Shahidullah Azim told just-style.…

The president of the American Chamber of Commerce in Bahrain has told just-style he is working closely with the US Congress to secure a Tariff Preference Level (TPL) extension for the Gulf island kingdom this year. It would allow Bahrain exporters to continue selling apparel and textiles, among other goods, into the USA tariff-free. …

Deadly accidents such as the Rana Plaza disaster may have earned the Bangladesh textile and clothing sector notoriety, but there is a new generation of firms trying to erase that spot on the industry’s reputation.
Smart entrepreneurs are now courting buyers through a new sales pitch: sustainable production.…

In recent years, brands that source from textile and garments manufacturers in Asia have been targeted by bad publicity for everything from poor wages, long hours and dangerous exposure to chemicals and unsustainable use of water.
In response, they have tended not to work unilaterally but to sign up for either regional or international standards schemes, or co-operate on open platforms, where knowledge is shared.…

Sustainability improvements in the Asian outsourced clothing and textile sector are far from being the sole preserve of China. In Cambodia, Tonlé, a sustainable garment-making firm based in Phnom Penh, obtains 90% of its fabric from factory cut-out and 10% through sustainable suppliers to make a zero-waste clothing line.…

While countries such as Bangladesh and Cambodia have a hold on global low-cost garment manufacturing, Thailand’s garment industry has found it needs to move up the international value chain to thrive – promoting digital technology is a priority means to this end.…

IN a fast-growing emerging economy such as Bangladesh, companies and consumers alike can sometimes play fast-and-loose with the truth to hide financial wrongdoing and commit frauds, but they will have to reckon with Bangladesh’s Comptroller and Auditor General Masud Ahmed and his staff.…

Bangladesh’s top auditor understands only too well the key role strong auditing can play in an emerging economy such as his own country – for good or ill. Indeed, he does not mince his words when he recalls the role auditors played in Bangladesh’s 2011 capital market collapse that ruined millions of small investors.…