BGMEA for steps to end political crisis
Staff Correspondent
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged the President and Chief of the Caretaker Government Iajuddin Ahmed and leaders of all political parties to take steps for ending the political stalemate immediately for the sake of continuing economic progress. Expressing deep concern over the rail, road and port siege programme enforced by the 14-party from today, BGMEA President SM Fazlul Haque in a statement last night said that since the peak season in garments industry already began with the manufacturing of the winter wears, the shutdown of port will squeeze orders and reduce export in next season. As a result, the $8 billion worth of garments industry may reach the brink of destruction, Haque said. He noted that the garments sector alone suffers a loss of Tk 200 crore for per day closure of the Chittagong port. This becomes double considering the losses in other related industries like bank, insurance and transport due to such blockade programmes, he pointed out. The BGMEA chief said the garments sector, which shares 76 percent of the country's total export earning and employs 22 lakh workers, is the worst victim of any kind of political agitation programmes. In the greater interest of trade, commerce and economy, the existing political impasse should be resolved through discussion and dialogues, he added.
| 
