Following a meeting with US Ambassador to Bangladesh Marcia Stephens Bloom Bernicat on Wednesday, he said: “The great problem facing Bangladesh’s RMG sector lies with lead time. “Also, we need to establish more textile mills to meet our local demands to reduce the lead time,” he said. The meeting was aimed at discussing the reasons for the drop in RMG export earnings from the US, the largest single export destination for Bangladeshi garment products. According to Otexa data, between January and August of this year, Bangladesh’s RMG exports to the US reduced by 5.64%, dropping to $3.5 billion from $3.71 billion during the corresponding period last year. “We have talked about the RMG sector.

Source: Dhaka Tribune October 18, 2017 16:30 UTC