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Monday, December 05, 2005

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Foreign buyers express concern over bombings
12/5/2005
 

          Foreign buyers of Bangladeshi products have voiced their grave concern over the recent spate of bombings in the country and asked the local exporters to apprise them of the latest situation, local exporters said.
The exporters also said if the bomb attacks continue to take place, it would affect the country's exports and foreign investment, reports BDNEWS.
Bangladesh Finished Leather, Leather Goods and Footwear Exporters Association President Tipu Sultan said, "Our European and Japanese buyers expressed their concern over the increasing bombing incidents. They are very much eager to know the present situation."
Civil society leaders, economists and businessmen were highly critical of the continuous bombing incidents, saying that it would tarnish the country's image putting the exports and the economy in a dire straits.
Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) President Fazlul Hoque said what is happening in the country in the name of Islam is enough to affect our export markets.
"Buyers are concerned and we are facing a lot of questions from them," Hoque added.
"They have asked us to inform them on the ongoing bombing incidents," he added further.
Tipu Sultan said the bombing incidents carried out by Islamic militants have created a national crisis and no single party would be able to address the problem.
"If the political parties fail to come to a consensus, the situation will be grave," he noted.
"Consequently, the country's economy will be affected."
Bangladesh Garments Manufacturers and Exporters Association (BGMEA) President Tipu Munshi termed the bombings as a national disaster. He said the incidence could cast a negative impact on the economy's potential growth.
They said the economy has already been facing some severe problems in terms of inflation, foreign exchange management and fiscal deficit. High oil prices have already affected the economy, they observed.

 

 
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