News / Stores reopen but there's no relief for shuttered Bangladesh clothing exporters

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Western clothing retailers have yet to renew normal orders with Bangladesh’s garment factories, which are still only working at half their capacity.

Much of last year’s output remains unsold in warehouses, and the lack of orders this year has forced Bangladesh’s government to set its annual export target for fiscal year 2020/21 at $6bn below year 2019/20’s $54bn.

The new export target is $48bn, keeping pace with sluggish economic activities worldwide caused by the pandemic.

Commerce minister Tipu Munshi told a virtual meeting last ...