Published: Wednesday, May 8, 2013

Shutdown worries exporters as garment buyers due tomorrow

Garment exporters yesterday expressed concern about the two-day shutdown beginning today as a big team of buyers from 20 top global brands will arrive in Dhaka tomorrow.
The exporters also urged the opposition alliance to call off the 36-hour strike.
“The garment sector is in choppy waters, especially after the Savar tragedy. The ongoing political violence has added further woes,” said the Bangladesh Garment Manufacturers and Exporters Association, and Bangladesh Knitwear Manufacturers and Exporters Association in a joint statement.
“In this situation, the visit by a big group of buyers from China will be a boon for the industry. But the shutdowns will hamper their purpose as they would not be able to visit factories and meet exporters.”
The trade bodies also said the strikes would slow down the rescue operations of the collapsed Rana Plaza in Savar.
Earlier on April 23, the BGMEA voiced concern about frequent shutdowns, which they said have so far cost 15 factories $2.2 million worth of export orders.
The exporters had to count additional losses of around Tk 250 crore as shutdowns forced them to go for air shipments of their products in January and February.
Timely shipments of export goods worth $7.8 million through the seaway have also become uncertain because of the shutdowns, the BGMEA said.