According to a report by Financial Express on July 4, after the terrorist attack in Dhaka on July 1, some garment manufacturing owners expressed concerns about the impact of the terrorist attack on the Bangladesh garment industry. Some owners said that the incident will Increasing importers’ concerns about the security situation in Bangladesh will inevitably have a negative impact on the Bangladeshi garment industry. Some owners said that the security situation is controllable and tensions will gradually ease and return to normal. Mahoammad Siddiqur Rahman, chairman of the Bangladesh Garment Manufacturers and Exporters Association, said that such a terrorist incident has never happened in Bangladesh, which will cause a serious blow to the country’s image and also put pressure on the garment industry. Some importers are worried that Bangladesh’s garment industry may face a severe decline in the short term.
Bangladesh relies heavily on the garment industry and is the world’s second largest apparel exporter. Clothing exports account for nearly 80% of total exports and create about 4 million jobs. Europe and the United States are its main markets. Swedish clothing retail giant H&M and British Marks and Spencer Group both stated that their current operations in Bangladesh have not been affected and there are no plans to change procurement, but they will closely track the development of the situation. Bangladeshi garment manufacturing owners express concern about the impact of terrorist attacks
