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

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search