Bangladesh'S Textile Industry Worries Or Investors Dare Not Do Business Locally.

According to the British report July 3rd, Bangladesh

Its value is as high as US $26 billion, which is one of the lifeblood of the country's economy.

After the attack of eighteen foreigners in a restaurant in Bangladesh capital Dhaka, some leaders of the local textile industry believe that the terrorist attack may enable Western retailers to re examine their relationship with Bangladesh, the world's second largest textile exporter.

It is reported that Bangladesh is one of the poorest countries in the world. About 80% of its exports depend on the textile industry, and the textile industry provides about 4 million jobs.

Bangladesh is second only to China's clothing suppliers to developed countries such as Europe and the United States.

On July 1st local time, militants killed 20 foreigners in a high-level restaurant in Dhaka, Bangladesh, including 9 Italians, 7 Japanese, 1 Indians and 1 Americans.

After that, the security forces launched a strong attack on the restaurant, ending a 12 hour standoff.

The extremist group "Islamic state" is responsible for the terrorist attack, but this statement has not yet been confirmed.

The report said Bangladesh's textile industry was hit hard three years ago, when a factory collapsed and more than 1100 workers were killed. The incident led to the closure of many factories, the reduction of export commodities and the increase of unemployment rate.

But the textile industry has gradually recovered since then.

However, this terrorist attack in July 1st conveys even more frightening signals to foreigners.

There are two high-level restaurants in the building attacked by terrorists, and are popular among foreigners.

In addition, several of the hostages were killed in Italy.

Entrepreneur.

In the past ten years, because of the low cost of producing garments in Bangladesh, Italy's exports of textiles from Bangladesh increased by more than two times, and last year reached 1 billion 310 million US dollars.

But people in other industries say that concerns about safety continue to heat up, which can be answered.

Producers can hold more talks with western customers in some Asian cities such as Singapore or Hongkong.

At least two sources are from European textiles in Bangladesh.

They said their business operation was not immediately affected.

The workers were not affected, and the situation was constantly monitored.