DHAKA, July 21 Bangladesh's exports in the
2014-15 financial year that started in July are expected to rise
10 percent from a year earlier to $33.20 billion, a senior
official of the commerce ministry said on Monday.
The export target was set at a meeting with all
stakeholders, the official, who declined not to named as he is
not authorised to talk to media, told Reuters.
The south Asian country's exports in the year to June hit a
record $30 billion, up 11 percent from a year ago, on the back
of stronger garment sales.
However, the garment industry has been under the spotlight
after a string of fatal factory accidents, including the
collapse of a building housing factories in April 2013 that
killed more than 1,130 people.
Garment exports for the current financial year has been
fixed at $26.9 billion, up 10 percent from previous year's $24.5
billion when clothing sales surged 14 percent.
Garments are a vital sector for the country, whose low wages
and duty-free access to Western markets have helped make it the
world's largest apparel exporter after China.
Last year, the government raised the minimum wage for
garment workers by 77 percent to 5,300 taka ($68) and amended
the labour law to boost workers' rights.
But erratic decision-making over inspection of factories
poses a new set of problems for the industry, which accounts for
80 percent of exports. Turmoil in the sector has put at risk the
livelihood of nearly 4 million garment workers, mostly women.
(Reporting by Ruma Paul; Editing by Gopakumar Warrier)