{"id":4335,"date":"2025-10-30T01:14:08","date_gmt":"2025-10-29T19:14:08","guid":{"rendered":"https:\/\/dailyrepublicbd.com\/?p=4335"},"modified":"2025-10-30T01:14:10","modified_gmt":"2025-10-29T19:14:10","slug":"bangladesh-economy-faces-rmg-crisis-as-bgmea-slams-yunus-govt-for-neglect","status":"publish","type":"post","link":"https:\/\/dailyrepublicbd.com\/?p=4335","title":{"rendered":"Bangladesh economy faces RMG crisis as BGMEA slams Yunus govt for \u2018neglect\u2019"},"content":{"rendered":"\n<p>Bangladesh\u2019s powerful garment industry body on Wednesday launched a scathing attack on the interim government, accusing top officials of \u201cmisleading\u201d the public and devaluing the country\u2019s $40-billion export lifeline.<\/p>\n\n\n\n<p>The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) issued a strongly worded <a href=\"https:\/\/www.banglatribune.com\/business\/news\/920976\/%E0%A6%AC%E0%A6%BF%E0%A6%B6%E0%A7%87%E0%A6%B7-%E0%A6%B8%E0%A6%B9%E0%A6%95%E0%A6%BE%E0%A6%B0%E0%A7%80-%E0%A6%93-%E0%A6%89%E0%A6%AA%E0%A6%AA%E0%A7%8D%E0%A6%B0%E0%A7%87%E0%A6%B8-%E0%A6%B8%E0%A6%9A%E0%A6%BF%E0%A6%AC%E0%A7%87%E0%A6%B0-%E0%A6%AC%E0%A6%95%E0%A7%8D%E0%A6%A4%E0%A6%AC%E0%A7%8D%E0%A6%AF-%E0%A6%85%E0%A6%A8%E0%A6%AD%E0%A6%BF%E0%A6%AA%E0%A7%8D%E0%A6%B0%E0%A7%87%E0%A6%A4\" target=\"_blank\" rel=\"noopener\">statement <\/a>condemning Faiz Ahmed Tayyab, Special Assistant to Chief Adviser Dr. Muhammad Yunus, and Mohammad Abul Kalam Azad Majumdar, Deputy Press Secretary, for downplaying the association\u2019s repeated pleas for a private meeting with the interim leader.<\/p>\n\n\n\n<p>\u201cThe statements are sad and unwelcome,\u201d the BGMEA said. \u201cThey indirectly devalue the nation\u2019s main export sector.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=2195\">Why has Yunus aide Debapriya censured non-disclosure agreement in US tariff talks?<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=3960\">Yunus\u2019 Misrule: Bangladesh grapples with inflation, unemployment<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=3553\">Bangladesh Economy: 20 years of achievements evaporated in one year<\/a><\/p>\n\n\n\n<p><strong>Four Months, No Meeting \u2013 But SpaceX Gets VIP Access<\/strong><\/p>\n\n\n\n<p>At the centre of the dispute, BGMEA President Mahmud Hasan Khan revealed during a Tuesday press conference that his organisation has been seeking a formal, one-on-one meeting with Dr. Yunus for four months to address mounting crises in the ready-made garments (RMG) sector.<\/p>\n\n\n\n<p>The request has gone unanswered.<\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=3977\">Bangladesh GDP 1.81% in first quarter of FY26\u2014lowest in four years<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=4028\">Yunus to hand over Chittagong Port to US-linked DP World in December<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=3478\">Financial Times at odds after paid documentary on Bangladesh\u2019s missing billions<\/a><\/p>\n\n\n\n<p>Khan pointedly contrasted the delay with the government\u2019s swift engagement with SpaceX\u2019s Starlink, which is exploring a $100 million investment in satellite internet.<\/p>\n\n\n\n<p>\u201cWhen the Vice President of Starlink comes, he is met,\u201d Khan said. \u201cBut representatives of a $40-billion export sector are not given time.\u201d<\/p>\n\n\n\n<p>The BGMEA clarified that a recent \u201creview meeting\u201d on Bangladesh\u2019s upcoming LDC graduation in November 2026\u2014attended by Khan\u2014was a general session involving multiple ministries and organizations, not the dedicated policy dialogue the garment industry urgently needs.<\/p>\n\n\n\n<p>The World Bank forecasts 4.0% GDP growth for FY25\u2014down from 6\u20137% averages\u2014warning that failure to diversify beyond RMG could trigger a debt spiral.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"560\" height=\"165\" src=\"https:\/\/dailyrepublicbd.com\/wp-content\/uploads\/2025\/10\/RMG-status.jpg\" alt=\"\" class=\"wp-image-4336\" srcset=\"https:\/\/dailyrepublicbd.com\/wp-content\/uploads\/2025\/10\/RMG-status.jpg 560w, https:\/\/dailyrepublicbd.com\/wp-content\/uploads\/2025\/10\/RMG-status-300x88.jpg 300w, https:\/\/dailyrepublicbd.com\/wp-content\/uploads\/2025\/10\/RMG-status-18x5.jpg 18w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/figure>\n<\/div>\n\n\n<p>Following Khan\u2019s remarks, Tayyab and Majumdar claimed the BGMEA leader had already met government representatives, implying the complaint was exaggerated.<\/p>\n\n\n\n<p>The BGMEA rejected this as context-free spin, insisting a general LDC briefing is not a substitute for targeted crisis talks.<\/p>\n\n\n\n<p>\u201cAttending a multi-stakeholder meeting and securing a private audience with the Chief Adviser are completely different,\u201d the statement read.<\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=4326\">Interview With Reuters: Sheikh Hasina champions fair, inclusive elections<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=4322\">Interview With The Independent: Sheikh Hasina stands tall, debunks propaganda<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=4315\">Sheikh Hasina vows to handcuff Yunus, tie rope around his waist<\/a><\/p>\n\n\n\n<p>The association urged both officials to adopt a \u201cmore professional and responsible\u201d tone when discussing the country\u2019s largest export engine.<\/p>\n\n\n\n<p><strong>Broader Calls for Action<\/strong><\/p>\n\n\n\n<p>Industry voices and analysts echoed BGMEA\u2019s alarm:<\/p>\n\n\n\n<p><strong>&#8211; Policy Exchange Bangladesh:<\/strong> \u201c81% reliance on one sector is a ticking time bomb.\u201d\u00a0<\/p>\n\n\n\n<p><strong>&#8211; International Chamber of Commerce Bangladesh (ICCB):<\/strong> \u201cBold reforms or economic decline.\u201d\u00a0<\/p>\n\n\n\n<p><strong>&#8211; ADB Projection: <\/strong>Growth could rebound to 5.1% in FY26\u2014if reforms begin now.<\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=4307\">ICRF: OHCHR narrative is super biased, it blames Awami League for everything<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=4291\">Doughty Street Chambers reports murders of Awami League members to ICC<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=4278\">Experts submit dossier to ICC, ICJ on systematic judicial violations under Yunus<\/a><\/p>\n\n\n\n<p><strong>Experts recommend:<\/strong><\/p>\n\n\n\n<p>1. <em>Securing GSP+ status with the EU\u00a0<\/em><\/p>\n\n\n\n<p>2. <em>Expanding FTAs with India, Japan\u00a0<\/em><\/p>\n\n\n\n<p>3. <em>Investing in automation and green manufacturing<\/em><\/p>\n\n\n\n<p>4. <em>Fixing power and logistics bottlenecks<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=4266\">Ex-FM Momen bins OHCHR report, asks UN chief to reinvestigate violence<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=4275\">Report: 528 Awami League leaders, activists killed since July 2024<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dailyrepublicbd.com\/?p=1135\">Custodial Death: 31 Awami League leaders, activists killed in\u00a014\u00a0months<\/a><\/p>\n\n\n\n<p><strong>A Nation at a Crossroads<\/strong><\/p>\n\n\n\n<p>As Bangladesh prepares to exit Least Developed Country status, the RMG sector\u2019s fate will define its economic future.<\/p>\n\n\n\n<p>The BGMEA has renewed its call for an immediate formal meeting with Dr. Yunus to craft a survival strategy for the industry\u2014and the millions who depend on it.<\/p>\n\n\n\n<p>\u201cThis is not just about garments,\u201d one factory owner told The Daily Star. \u201cIt\u2019s about the soul of Bangladesh\u2019s growth story.\u201d<\/p>\n\n\n\n<p>With national elections expected by late 2025, the Yunus administration now faces a critical test: listen to the industry that built modern Bangladesh\u2014or risk its collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bangladesh\u2019s powerful garment industry body on Wednesday launched a scathing attack on the interim government, accusing top officials of \u201cmisleading\u201d the public and devaluing the country\u2019s $40-billion export lifeline. The&hellip; <\/p>\n","protected":false},"author":4,"featured_media":4337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,20,42],"tags":[523,567,1040,50,65,1041,56,1042,520,64],"class_list":["post-4335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","category-politics","tag-bgmea","tag-exports","tag-faiz-ahmed-tayyab","tag-interim-government","tag-mobocracy","tag-mohammad-abul-kalam-azad-majumdar","tag-muhammad-yunus","tag-ready-made-garments-rmg","tag-rmg","tag-yunus-gang"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/posts\/4335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4335"}],"version-history":[{"count":1,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/posts\/4335\/revisions"}],"predecessor-version":[{"id":4338,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/posts\/4335\/revisions\/4338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=\/wp\/v2\/media\/4337"}],"wp:attachment":[{"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrepublicbd.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}