Bangladesh Economic & Infrastructure Development - Updates & Discussions

[Michael Corleone]

what's the full story?

 

[American Pakistani]

It's surprising why Pakistanis failed in garments industry compare to Bangladesh . They are one of the producer of cotton located much near to hormuz chanell so possibly fast delivery to EU customers yet they lagged behind us. Terrorism and power shortage might one reason but what are other lacking.

Indian and Israeli lobbies one of them.

Others include pakistani incompetence.

 

[Mage]

what's the full story?

They weer supposed to leave in 2016.....but asked to stay 2 more years. Which was accepted. Then wanted 3 more years.....garments owners got fed up and said enough is enough. Lobbied to Tofail to eject them.

 

[Michael Corleone]

They weer supposed to leave in 2016.....but asked to stay 2 more years. Which was accepted. Then wanted 3 more years.....garments owners got fed up and said enough is enough. Lobbied to Tofail to eject them.

makes sense. bengalis prefer to bend over to others... i guess they got tired
and let those safety inspectors go to other third world garments makers to check for "safety"

 

[war&peace]

Another problem is, they are not willing to let women to work outside. Women works at lower wages and their hands are more suitable for doing cloths related works. In Bangladesh, 90 percent graments workers are women and in Pakistan, 80 percent are men. Minimum wages in garments factory in Pakistan is twice of Bangladesh. A man, who have to be the main bread winner of the family, will not work in garments factory with wages of what a Bangladeshi female worker will be satisfied earning. Plus, Pakistan is a consumption driven economy, most of the people there have a habit of spending big with relatively little savings. So, minimum wages in Pakistan have to be higher. Male dominated and women's participation are low. Add to these with terrorism and power related problem. So, is there any wonder, Pakistan failed in this sector miserably? Cotton production is not everything. If cotton production was such a boon, then you would have seen Uzbekistan, Tajikistan, India taking over the global garment industry.

There are ways to reduce the cost of production without decreasing the wages. In fact, the wages may go up in Pakistan and the reason being govt has started to implement the minimum wage as per the law which has so far been violated by the factory owners and businessmen. However, govt will incentivise them in other ways that will overcompensate them and their business won't get a hit.

 

[Arsalan]

There are ways to reduce the cost of production without decreasing the wages. In fact, the wages may go up in Pakistan and the reason being govt has started to implement the minimum wage as per the law which has so far been violated by the factory owners and businessmen. However, govt will incentivise them in other ways that will overcompensate them and their business won't get a hit.

Export oriented industry is gradually following the minimum wage laws now, they are left with little choice but to follow those!! The certifications your customers ask for cover it all and is becoming a necessity. Things will improve further with time.

 

[Mage]

makes sense. bengalis prefer to bend over to others... i guess they got tired
and let those safety inspectors go to other third world garments makers to check for "safety"

I remember some Garments owner referred this accord and alliance as the 'new East India company'.

 

[war&peace]

Export oriented industry is gradually following the minimum wage laws now, they are left with little choice but to follow those!! The certifications your customers ask for cover it all and is becoming a necessity. Things will improve further with time.

Corrupt governments of PPP and PMLn...especially that dead bastard Benazir Bhutto who brought IPPs in Pakistan at extremely exploiting rates on extremely bad conditions. It is like she was on the on some revenge... and she treated the country like an enemy and the greedy woman reaped huge kickbacks.

 

[Homo Sapiens]

Let us take a step back and analyse this.

Myanmar has declared itself to be an enemy of BD over many decades.
China ha also committed a grossly unfriendly act over Rohingya issue and is still
supporting the savages 100%.

Unless BD respects itself, no-one will respect BD.

'Either you are with us, or against us.' International relationship and diplomacy do not happen based on such a primitive thinking.

 

[UKBengali]

'Either you are with us, or against us.' International relationship and diplomacy do not happen based on such a primitive thinking.

You have totally missed the point.

Act weak and meek and get treated like BD has been. BD's honour is on the line here. It risks losing all credibility if it follows your line of thinking.

BD needs to totally cut all relations with the savages and have only business relations with China. China simply cannot be trusted like a strategic partner anymore.

 

[Nilgiri]

Unless BD respects itself, no-one will respect BD.

100% correct.

 

[Nilgiri]

Butt-hurt idiocy continues.

BD enjoys no LDC quota for US and exports nearly
6 billion US dollars to it each year.
BD exports are already up nearly 20% in the first 4 months of this fiscal compared to last year.

EU is huge market....LDC quota in full operation there.

US operated LDC quota as well for how long with BD? This creates long term momentum (if you know how business latency works) that lasts even after it ended (courtesy of BD own stupidity btw).

So yeah the 94% non LDC quota environment (where no 0 duty access or legacy of 0 duty access momentum) is whole different ball game.....which is why BD stagnating hard now....as opposed to the big rosy projection of capital transfer from China projected just cpl years back (and simply not happening now).

 

[UKBengali]

EU is huge market....LDC quota in full operation there.

US operated LDC quota as well for how long with BD? This creates long term momentum (if you know how business latency works) that lasts even after it ended (courtesy of BD own stupidity btw).

So yeah the 94% non LDC quota environment (where no 0 duty access or legacy of 0 duty access momentum) is whole different ball game.....which is why BD stagnating hard now....as opposed to the big rosy projection of capital transfer from China projected just cpl years back (and simply not happening now).

What part of BD exports are up nearly 20% in first 4 months of this fiscal do you not understand?

 

[Nilgiri]

What part of BD exports are up nearly 20% in first 4 months of this fiscal do you not understand?

What part of low base effect and seasonal variation meaning little to a final full year performance (just like what happened last year) do you not understand?

 

[UKBengali]

What part of low base effect and seasonal variation meaning little to a final full year performance (just like what happened last year) do you not understand?

You retarded dude?
This is the same time period we are comparing and so no seasonal variation applies.
Low base? Simpleton you were claiming that BD exports had stagnated and so base has nothing to do with this.