logo
Bangladesh Denim Expo focuses on capacity-building, innovation

Bangladesh Denim Expo focuses on capacity-building, innovation

Yahoo13-05-2025

Despite the challenges posed by ongoing global tariff and trade disputes, the panellists at the Bangladesh Denim Expo expressed confidence in Bangladesh's ongoing role as a key player in the global sourcing landscape.
The two-day event, which began on 12 May, has drawn 57 exhibitors from 13 different nations, including the host country, India, China, Germany, Türkiye, Pakistan, Spain, Italy, Vietnam, the UAE, Switzerland, and the US.
The expo featured panel sessions on topics such as "the growth of the Bangladesh denim industry through the perspective of denim washing" and "stretchability of Bangladesh denim traceability."
Industry experts, including Well of Washing director Abdus Samad, Ruhrose RBT co-founder and creative director Arief Labu and the Woolmark Company's processing innovation and education extension GM Julie Davies were among those sharing their insights at the event.
Bangladesh Denim Expo founder and CEO Mostafiz Uddin said the country's apparel exports to the US increased by 26.64% in the first quarter of 2025, placing the nation at the forefront of apparel exporters to the US, surpassing India's 24.04% increase and outpacing Pakistan, Vietnam, and China which saw rises of 17.49%, 13.96%, and 4.18% respectively.
This growth comes at a time when the US market faces volatility due to recent reciprocal tariffs imposed by the Trump administration, he noted.
Uddin added: 'I think even on the negotiation table of the trade issues our card should be the industry's steady progress towards skill development, sustainability and innovation. As we need our trade partners as much as their consumers need us.''
Bangladesh is also the largest denim exporter to both the US and Europe, with the country enjoying duty-free market access to the EU under the Everything But Arms (EBA) and Generalised Scheme of Preferences (GSP) as a least developed country (LDC).
Under the GSP, vulnerable developing countries like Bangladesh, Cambodia and Myanmar, can import into the EU market without any taxes.
Bangladesh is set to transition to a developing nation next year and without attaining GSP Plus status by 2029, it could lose its duty-free export privileges to the EU, where it exported 50.15% of its apparel.
The expo featured a fashion trend-zone showcasing innovative denim fabrics and designs from Bangladesh's burgeoning industry.
Additionally, Square Denims garment unit operation head Mohammad Jahangir Alam held a special session on 'The denim business beside sewing and wash production.'
Uddin explained: 'In the last edition of the Bangladesh Denim Expo, we had expert panel sessions on the LDC graduation where all speakers unanimously stressed the importance of capacity building within the industry to cope up with changing tariff regimes. So, in this edition of the expo, all the panel sessions we designed are solely meant for capacity building both the professionals and the industry itself. You may also say that from this edition we shifted from plans to actions to prepare Bangladesh's denim industry for 2029 and beyond."
In April this year, the Bangladesh Textile Mills Association (BTMA) urged the US embassy and the National Cotton Council of America (NCC) to allow duty-free access for Bangladeshi garments made from US cotton.
"Bangladesh Denim Expo focuses on capacity-building, innovation" was originally created and published by Just Style, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

European shares start lower after Trump's fresh tariff threats
European shares start lower after Trump's fresh tariff threats

Yahoo

time20 minutes ago

  • Yahoo

European shares start lower after Trump's fresh tariff threats

(Reuters) -European shares opened lower on Monday, after rounding off monthly gains in May, as U.S. President Donald Trump's new tariff plans threatened to rekindle global trade tensions. The continent-wide STOXX 600 was down 0.2% as of 0708 GMT. Late on Friday, Trump said he planned to increase tariffs on imported steel and aluminum to 50% from 25%, to which the European Union said it was prepared to retaliate. Steel companies in Europe fell, with ArcelorMittal down 1% and conglomerate Thyssenkrupp down 1.1%. The tariffs, which can impact automobiles, weighed on stocks of carmakers, with the sector down 1.2%. Meanwhile, Sanofi agreed to buy U.S.-based Blueprint Medicines Corporation, paying $129 per share, representing an equity value of approximately $9.1 billion. Shares in the French pharma group were slightly lower. This week, the spotlight will be on the European Central Bank, which will announce its interest rate decision on Thursday. Comments from Federal Reserve Chair Jerome Powell and ECB President Christine Lagarde will be on tap, alongside a slew of economic data out of the trade bloc. Sign in to access your portfolio

The election of a Trump ally in Poland could alter EU and Ukraine policies
The election of a Trump ally in Poland could alter EU and Ukraine policies

Yahoo

time43 minutes ago

  • Yahoo

The election of a Trump ally in Poland could alter EU and Ukraine policies

WARSAW, Poland (AP) — Poland has elected Karol Nawrocki, a conservative historian and staunch nationalist, as its next president in a closely watched vote that signals a resurgence of right-wing populism in the heart of Europe. Nawrocki, who is set to take office on Aug. 6, is expected to shape the country's domestic and foreign policy in ways that could strain ties with Brussels while aligning the Central European nation of nearly 38 million people more closely with the administration of President Donald Trump in the United States. Here are some key takeaways: Conservative populism on the rise Nawrocki's victory underscores the enduring appeal of nationalist rhetoric among about half of the country along the eastern flank of NATO and the European Union, and its deep social divisions. The 42-year-old historian who had no previous political experience built his campaign on patriotic themes, traditional Catholic values, and a vow to defend Poland's sovereignty against the EU and larger European nations like Germany. His win also reflects the appeal of right-wing nationalism across Europe, where concerns about migration, national sovereignty, and cultural identity have led to surging support for parties on the right — even the far right in recent times. Far-right candidates did very well in Poland's first round of voting two weeks earlier, underlining the appeal of the nationalist and conservative views. Nawrocki picked up many of those votes. As his supporters celebrate his win, those who voted for the defeated liberal candidate, Warsaw Mayor Rafał Trzaskowski, worry that it will hasten the erosion of liberal democratic norms. Prime Minister Donald Tusk's troubles Nawrocki's presidency presents a direct challenge to Prime Minister Donald Tusk, who returned to power in late 2023 pledging to mend relations with the EU and restore judicial independence which Brussels said was eroded by Law and Justice, the party that backed Nawrocki. But Tusk's coalition — a fragile alliance of centrists, leftists, and agrarian conservatives — has struggled to push through key promises including a civil union law for same-sex couples and a less restrictive abortion law. Nawrocki, who opposes such measures, will have the power to veto legislation, complicating Tusk's agenda and potentially triggering political gridlock. Ties with the Trump administration Nawrocki's election could signal a stronger relationship between Poland and the Trump administration. Poland and the U.S. are close allies, and there are 10,000 U.S. troops stationed in Poland, but Tusk and his partners in the past have been critical of Trump. Nawrocki, however, has a worldview closely aligned with Trump and his Make America Great Again ethos. Trump welcomed Nawrocki to the White House a month ago and his administration made clear in other ways that he was its preferred candidate. A shifting focus on Ukraine While Nawrocki has voiced support for Ukraine's defense against Russian aggression, he does not back Ukrainian membership in NATO and has questioned the long-term costs of aid — particularly support for refugees. His rhetoric has at times echoed that of Trump, for instance by accusing Ukrainian President Volodymyr Zelenskyy of what he said was insufficient gratitude for Poland's assistance. With growing public fatigue over helping Ukrainian refugees, Nawrocki's approach could shift Poland's posture from strong ally to conditional partner if the war drags on much longer. Ties with the EU The election result is a setback for the EU, which had welcomed Tusk's return in 2023 as a signal of renewed pro-European engagement. Nawrocki and the Law and Justice party have criticized what nationalists view as EU overreach into Poland's national affairs, especially regarding judicial reforms and migration policy. While the president does not control day-to-day diplomacy, Nawrocki's symbolic and veto powers could frustrate Brussels' efforts to bring Poland back into alignment with bloc standards, particularly on rule-of-law issues. Market jitters Though an EU member, Poland has its own currency, the zloty, which weakened slightly on Monday morning, reflecting investor concerns over potential policy instability and renewed tensions with EU institutions. Billions of euros in EU funding has been linked to judicial reforms which Tusk's government will now be unlikely to enact without presidential cooperation. Vanessa Gera, The Associated Press Sign in to access your portfolio

The election of a Trump ally in Poland could alter EU and Ukraine policies
The election of a Trump ally in Poland could alter EU and Ukraine policies

Associated Press

timean hour ago

  • Associated Press

The election of a Trump ally in Poland could alter EU and Ukraine policies

WARSAW, Poland (AP) — Poland has elected Karol Nawrocki, a conservative historian and staunch nationalist, as its next president in a closely watched vote that signals a resurgence of right-wing populism in the heart of Europe. Nawrocki, who is set to take office on Aug. 6, is expected to shape the country's domestic and foreign policy in ways that could strain ties with Brussels while aligning the Central European nation of nearly 38 million people more closely with the administration of President Donald Trump in the United States. Here are some key takeaways: Conservative populism on the rise Nawrocki's victory underscores the enduring appeal of nationalist rhetoric among about half of the country along the eastern flank of NATO and the European Union, and its deep social divisions. The 42-year-old historian who had no previous political experience built his campaign on patriotic themes, traditional Catholic values, and a vow to defend Poland's sovereignty against the EU and larger European nations like Germany. His win also reflects the appeal of right-wing nationalism across Europe, where concerns about migration, national sovereignty, and cultural identity have led to surging support for parties on the right — even the far right in recent times. Far-right candidates did very well in Poland's first round of voting two weeks earlier, underlining the appeal of the nationalist and conservative views. Nawrocki picked up many of those votes. As his supporters celebrate his win, those who voted for the defeated liberal candidate, Warsaw Mayor Rafał Trzaskowski, worry that it will hasten the erosion of liberal democratic norms. Prime Minister Donald Tusk's troubles Nawrocki's presidency presents a direct challenge to Prime Minister Donald Tusk, who returned to power in late 2023 pledging to mend relations with the EU and restore judicial independence which Brussels said was eroded by Law and Justice, the party that backed Nawrocki. But Tusk's coalition — a fragile alliance of centrists, leftists, and agrarian conservatives — has struggled to push through key promises including a civil union law for same-sex couples and a less restrictive abortion law. Nawrocki, who opposes such measures, will have the power to veto legislation, complicating Tusk's agenda and potentially triggering political gridlock. Ties with the Trump administration Nawrocki's election could signal a stronger relationship between Poland and the Trump administration. Poland and the U.S. are close allies, and there are 10,000 U.S. troops stationed in Poland, but Tusk and his partners in the past have been critical of Trump. Nawrocki, however, has a worldview closely aligned with Trump and his Make America Great Again ethos. Trump welcomed Nawrocki to the White House a month ago and his administration made clear in other ways that he was its preferred candidate. A shifting focus on Ukraine While Nawrocki has voiced support for Ukraine's defense against Russian aggression, he does not back Ukrainian membership in NATO and has questioned the long-term costs of aid — particularly support for refugees. His rhetoric has at times echoed that of Trump, for instance by accusing Ukrainian President Volodymyr Zelenskyy of what he said was insufficient gratitude for Poland's assistance. With growing public fatigue over helping Ukrainian refugees, Nawrocki's approach could shift Poland's posture from strong ally to conditional partner if the war drags on much longer. Ties with the EU The election result is a setback for the EU, which had welcomed Tusk's return in 2023 as a signal of renewed pro-European engagement. Nawrocki and the Law and Justice party have criticized what nationalists view as EU overreach into Poland's national affairs, especially regarding judicial reforms and migration policy. While the president does not control day-to-day diplomacy, Nawrocki's symbolic and veto powers could frustrate Brussels' efforts to bring Poland back into alignment with bloc standards, particularly on rule-of-law issues. Market jitters Though an EU member, Poland has its own currency, the zloty, which weakened slightly on Monday morning, reflecting investor concerns over potential policy instability and renewed tensions with EU institutions. Billions of euros in EU funding has been linked to judicial reforms which Tusk's government will now be unlikely to enact without presidential cooperation.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store