The New Nation - Internet Edition

Staff Reporter

Country's knitwear sector is getting back after to position facing adverse situation due to political instability in the country and unfavourable financial condition in its main export destination, the USA.

President of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Fazlul Huq yesterday at a press conference said highest ever export worth US$455.05 million of knit products were shiped during August this year which is 28.35 per cent higher than the previous month.

"Issuance of Utilisation Declaration (UD) certificate from BKMEA has marked a sharp rise during September and October compared to the month of August," he informed.

Huq termed this year's export target of knit products highly ambitious, but hope that they will be able to achieve the target.

He said BKMEA is organising different exhibitions and attending others in different countries to expand the market of Bangladeshi knit products.

He, however, urged the government to take some measures to expand the market as well as increase knitwear export.

The measures include making the commercial wings of missions abroad more effective, reduction of interest of bank loan to help more investment and bringing stability in the local market, taking stern actions against the culprits who create labour crisis in the RMG sector.

The BKMEA president also urged the government to appoint a trade specialist in Washington to pursue the US congress to get the new trade bill passed which will allow duty and quota free access of goods of Bangladeshi origin and other least developed countries to the US market.

Fazlul Huq said appreciation of Taka through re-fixing the price of US dollar might create big loss to the exporters. He hoped that the government will consider the interest of exporters before taking any decision in this regard.