Trade

Fuel Price Hike to Affect Exports in Bangladesh

Fuel Price Hike to Affect Exports in Bangladesh

The recent fuel price hike in Bangladesh will push up the overall cost of doing business, thereby affecting the competitiveness of the domestic textile and apparel industry in the global market.

The hike comes at a time when the sector has just started reviving, bagging sizable work orders.

Added to the problem is the rise in prices of raw materials like cotton and yarn, and freight charges.

The country might not make timely shipment, he added, as it is already in a disadvantageous position due to its long lead time, according to Bangla media reports.

Exporters fear that the flow of orders may not bring sound results as they will face additional liabilities for any failure to ship timely braving all the odds.

 

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