Home / Knowledge / News / Apparel/Garments / BGMEA empowered to issue COO certificates
BGMEA empowered to issue COO certificates
15
Mar '10
Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has been authorized by the government for issuing Country of Origin (COO) certificates to apparel exporters.

This has been done to aid the apparel exporters, to cut down on the time for shipment, thereby speeding up the export process.

At present, those COO certificates which mark where the products are manufactured are being issued by the government-owned Export Promotion Bureau (EPB), which consumes long time in going through the process which is not in interest of the exporters.

The government is also considering Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA, to issue those certificates.

It has been officially announced that, as BGMEA has completed all the formalities as laid down by Commerce Ministry, it will soon be authorised to issue the COO certificates.

By means of such empowerment initiatives, trade bodies have been prioritized by the ministry, but with the stipulation that anybody taking wrongful advantage of such power, will be penalized.

EPB takes around two to three days to issue the certificate due to which the garment exporters were finding it difficult to deliver the goods within the lead time specified the buyers.

On account of a long lead time many buyers avoided trade with Bangladesh, but in recent times this has changed as the lead time for transmitting the products by sea formerly was 120 days has now been reduced to 90 days.

According to BGMEA if they fail to transmit the products by sea within lead time, then they are required to transmit the same by air, which is very expensive.

EPB is to start printing and issuing the certificates, shortly, where after, the COO certificates will be issued to the exporters within a day, as a separate desk with committed officials is to be set up for the purpose.

In the times when, in order to avoid any sort of difficulties, most of the countries and buyers are now demanding such certificates, governments' move is being acclaimed by experts.

Fibre2fashion News Desk - India


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search