Indonesia for safeguard measures against Bangladeshi apparel import to save domestic industry
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DHAKA (Reuters) - Bangladesh’s huge export-oriented readymade garment industry is fighting for its survival after fresh coronavirus curbs in Europe and North America shrivelled already-weakened order books, industry leaders said.
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The government told Reuters it was considering a new support package for the industry that contributes almost 16% of GDP to the economy. Companies in the world’s largest garment exporting nation after China supply to big Western brands such as Walmart Inc, Gap Inc and H&M.
“The first wave of the pandemic rattled the supply chain and the financial base of the industry through order cancellations, payment deferments and discount demands,” said Rubana Huq, president of the Bangladesh Garment Manufacturers and Exporters Association. “The second wave has decapitated the already dead.”
Australia to lift air cargo ban on Bangladesh
Australia is set to lift its ban on direct cargo flights from Dhaka, a move that is expected to boost Bangladesh s shipments to the continent. The Australian government has already taken an initiative to amend rules. There are also some other procedures. Direct flights will resume after the completion of the procedures, Australian High Commissioner to Bangladesh Jeremy Bruer told The Daily Star yesterday.
The Australian government is amending the associated policy, said Bruer, according to a press release of the Civil Aviation Authority of Bangladesh (Caab).
He held a meeting with Caab Chairman Air Vice Marshal Mafidur Rahman at the latter s Dhaka office yesterday.