Dip in RMG exports to US, Canada

In the recent time the ready-made garment (RMG) export to the US and Canadian markets fell significantly, although exporters are hopeful that soon it will rebound. But we must remain alert so that our RMG export can bounce back once again. We are now feeling the pinch of the political instability that took place centring on the last general election. We should remain alert so that it does not happen again in near future. The RMG is a very important sector of our country. Much of our foreign currency inflow comes through this channel and we have to be very careful about maintaining the flow and increase it, if possible.

It has been found that due to political unrest we lost RMG exports to some extent. The livelihood of millions of people depends on this sector. The government should reduce interest rates which at present is very high, if we compare it with our neighbouring countries. If the interest rate is reduced and political stability is maintained, then more investments will be channelised by local and foreign investors. Bangladesh is still a lucrative place for businessmen and they are eager to invest here, if they find a congenial and favourable atmosphere.

Sajjad Hossain

Gulshan Dhaka