The country has seen a 9.24 percent growth in readymade garment (RMG) export to $16.08 billion during the first half of the current fiscal year, thanks to stable political situation and improvement in workplace safety standards. During the first six months of this fiscal, the sector alone earned $13.14 billion, while it was $12.02 billion in the same period of previous year. Export Promotion Bureau (EPB) data shows, the woven sector earned $6.7 billion with 12.42 percent growth and the knitwear sector also marked $6.43 billion of 6.11 percent jump. According to the industry insiders, improvement of safety standards in the RMG sector and peaceful political situation contributed to the achievement. Till now, RMG is the main driver of the country’s export earnings. According to EPB data, in the last six month of current fiscal, the country’s total export earning went up by 1.38 percent, totaling to $16.08 billion. In the same time of previous year, the country’s export earning was $14.91 billion. Export Promotion Bureau (EPB)’s month-to-month data showed that in December of 0215, the export posted 12.66 percent rise to $3.20 billion. The figure was $2.84 billion in December last fiscal year. The earning during this December is 7.30 percent higher than the target set for the month. The target was $2.98 billion. `As a single month in last December, we can achieve highest export as the buyers confidence restored, as political stability and Accord-Alliance safety assessment acted as a catalyst to the export growth,’ Faruque Hassan, senior vice president of BGMEA, told daily sun. `At the beginning of last year, we fall short of export growth, but last six month export was our comeback time, due to strong marketing, price cutting, explore new markets and producing higher end denim’ he added. `The year ended RMG export growth of 2015 stood 8.21% with export value of $26.60 billion. The final quarter posted a welcome 15.63% growth. In fact, the last month of the year 2015 marked the highest export value in a single month, i.e. US$2.67 that made a very positive ending of the year 2015 with positive inspiration for 2016’ said BGMEA sr. vice president. `The export performance was very good due to political stability told, Abdus Salam Mursidy, President of Exporters Association of Bangladesh and BGMEA former president.
