EU’s Corona situation start to impact BD RMG

eu-coronaEurope is Bangladesh’s main export market for readymade garments, the resurgence of Coronavirus infections in Europe will have a significant impact on the Bangladeshi readymade  garment business. Over half of Bangladesh’s exportable items are sent to the European Union. Europe has once again been the core of the epidemic, with many European Union countries reporting the largest number of Covid cases in recent days.

The ongoing spread of Coronavirus in major EU markets has Bangladesh worried. After weathering the pandemic last year, the readymade garment sector had begun to receive orders and was back on track. During the lockdown, Covid affected the whole staff. Workers lost earnings from March to May 2020, because to a lack of orders to keep firms afloat. The income of 82 percent of workers has decreased. Export orders have declined by 40 to 45 percent in June 2020 compared to the previous year. Workers’ mental health and overall emotional well-being were also harmed, as they worried about the epidemic as well as their financial prospects — paying for their families, feeding them, and caring for their children.