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Bangladesh exports increased 28pc in August after 12pc decline in July
BANGLADESH exports were up 28 per cent year on year in dollar volume to US$2.76 billion in August, but fell 12 per cent to $2.6 billion in July from a year ago, Reuters reported.
The Export Promotion Bureau said readymade garments, comprising knitwear and woven items, made $4.5 billion in July-August, compared with $4.2 billion in the same period a year ago.
Exports in the fiscal year ending in June rose 3.35 per cent to $31.2 billion from a year earlier, but that was the slowest growth since 2002 and pivotal garment sales, while higher, missed their target.
Garments are a key foreign-exchange earner for Bangladesh, where low wages and duty-free access to western markets have helped make it the world's second largest apparel exporter after China.
Bangladesh raised wages for garment workers and allowed them to form trade unions late in 2013 after a string of factory accidents thrust poor pay and conditions into the international spotlight.
The $25 billion export industry, which supplies many western brands such as Wal-Mart, Tesco and H&M, came under scrutiny again when a building housing factories collapsed in 2013, killing more than 1,130 people.
The Export Promotion Bureau said readymade garments, comprising knitwear and woven items, made $4.5 billion in July-August, compared with $4.2 billion in the same period a year ago.
Exports in the fiscal year ending in June rose 3.35 per cent to $31.2 billion from a year earlier, but that was the slowest growth since 2002 and pivotal garment sales, while higher, missed their target.
Garments are a key foreign-exchange earner for Bangladesh, where low wages and duty-free access to western markets have helped make it the world's second largest apparel exporter after China.
Bangladesh raised wages for garment workers and allowed them to form trade unions late in 2013 after a string of factory accidents thrust poor pay and conditions into the international spotlight.
The $25 billion export industry, which supplies many western brands such as Wal-Mart, Tesco and H&M, came under scrutiny again when a building housing factories collapsed in 2013, killing more than 1,130 people.
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