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Country to ink MoU with India to boost garment exports
29 Aug '07
1 min read
In order to boost exports of country's readymade garments, Bangladesh Government has decided to sign an MoU with India for duty-free export of eight million pieces of readymade garments.
The proposal, which was made at the recently held 14th SAARC summit, was sealed during a subsequent visit to Dhaka by External Affairs Minister Pranab Mukherjee.
A meeting of the Council of Advisers on Tuesday approved the MoU proposal for duty-free import by the Indian government.
Garment manufacture of Bangladesh was hit by constant labour turmoil which was fuelled by bad working conditions and failure on the part of manufacturers to improve wages.
To add to this, political unrest adversely affected the exports in the latter half of 2006.
The proposal, which was made at the recently held 14th SAARC summit, was sealed during a subsequent visit to Dhaka by External Affairs Minister Pranab Mukherjee.
A meeting of the Council of Advisers on Tuesday approved the MoU proposal for duty-free import by the Indian government.
Garment manufacture of Bangladesh was hit by constant labour turmoil which was fuelled by bad working conditions and failure on the part of manufacturers to improve wages.
To add to this, political unrest adversely affected the exports in the latter half of 2006.
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