Bangladesh BGMEA calls for rational pricing from US buyers

14 Sep '21

2 min read

Pic: BGMEA

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hassan recently called on US brands and retailers to be more rational in pricing to build a secure global market where workplace and jobs will be safer and more sustainable. He made the call while addressing a roundtable titled ‘Seven years after Rana Plaza: Who is doing what?’.

The roundtable was organised by the Bangladesh embassy in Washington DC on September 10.

“Our factories are increasingly investing money for safety and sustainability. Besides, production cost has gone up by more than 30 per cent in last five years. On the contrary, the price of our apparel is declining every year. While it is a fact that in a free market economy, price cannot be dictated, but nobody can justify a lower price to produce socially fair goods,” he was quoted as saying by a BGMEA release.

“It is the collaboration and partnership between brands and our suppliers that has helped us to achieve tremendous growth so far and future cooperation and partnership will help us to maintain this,” Hassan added.

He urged the US government to consider reducing duty on apparel products from Bangladesh and called on US businessmen and non-resident Bangladeshis there to explore investment opportunities in the textile sector in Bangladesh, particularly in the non-cotton segment.

He also stressed on the need for a unified code of conduct as multiple audits are a waste of time and money and the audit fatigue makes compliance difficult for enterprises.

Fibre2Fashion News Desk (DS)

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