[caption id="attachment_4267" align="aligncenter" width="1014"]
File Picture, Chattogram Sea Port, Bangladesh [/caption]
GFMM desk: The country's export earnings have dropped. At the end of the first nine months (July-March) of the current fiscal year 2019-20, the export income stood at US $ 2897 crore. This is 6.24 percent less than the same period last year.
However, export earnings were already on the decline. At the end of eight months of the current financial year, the negative growth was 4.79 percent.
The garment sector, which is the source of most of the exports to the country, has also reduced export earnings. In the period from July to March, the income of the sector was $ 2410 crore. Which is like 7 percent.
Bangladesh Export Promotion Bureau (EPB) updated statistics show that in March alone, the export earnings amounted to $ 273 crore. Which is less than 18 percent of the same period last year. Exports of garments in March reached about $ 226 crore. Decreased by 20 percent.
On a monthly basis, the export growth was negative growth of 11.5 percent in August, 7 percent in September, 17 percent in October and 11 percent in November.
Mohammad Hatem, vice president of knit garment exporters' association BKMEA, said the coroner's influence will actually take place in April and next months. He claimed that the money was not available against the goods exported in March. So many people have trouble paying wages.
The first person to be diagnosed with coronavirus in China was identified on December 31. Then spread it to different countries. At the outset, Bangladesh's export sector was in danger as sectors like leather, crab and crushed exports, which were more dependent on the Chinese market.
In the nine months, exports to the leather sector declined by 11 percent. Asked if Bangladesh Finished Leather, LeatherGoods Footwear and Exporters Association president Mohiuddin Ahmed told the first light, many tanneries were two to three months' worth of wages. But the workers did not take to the streets to protest. Because they have confidence that if the owner survives, they will survive.
During the nine months, most of the products, including processed produce, tarriatails, home textiles, declined. And the export of jute and jute goods, furniture, handicrafts, bicycles has increased.
Exports will be deepened in the coming months, said Khandaker Golam Moazzem, director of research at the Center for Policy Dialogue (CPD), a private research firm. He said the government has come forward to meet the demands of the garment sector entrepreneurs. In contrast, the factory is closed, the lay-off is not yet relevant.
Source: Online/SZK
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