Terrorists Are Stepping Out Of The Middle East To Lock Bangladesh Or Affect The Clothing Industry.

In July 1st, a terrorist attack on a coffee shop in Bangladesh's capital Dhaka resulted in the death of 20 people. The New York Times identified it as an ironclad evidence that Islamic terrorists moved out into the Middle East.

This attack did not capture the news page, but the importance was not less than any terrorist attack. If terrorists infiltrated Bangladesh and affected commercial activities, the first thing to do was garment apparel industry, which accounts for 80% of export volume.

Bangladesh is the second largest garment exporter in the world after China, mainly supplying apparel market in developed countries, including large global markets.

Gap, Uniqlo, Marks & Spencer, Walmart, Zara, H&M, the scale of clothing industry amounted to 26 billion US dollars, accounting for the whole Bangladesh.

80% of the total, 4 million are engaged in the garment industry.

The terrorist attack resulted in the death of 7 Japanese citizens. Uniqlo has said that all travel plans for South Asian countries have been stopped. The parent company has also told the staff in Bangladesh to stay away from home temporarily.

In the past two years, liberals, intellectuals and journalists in Bangladesh have been repeatedly attacked by the Islamic state and Al Qaeda. The attack on the cafe in the capital of Dhaka is aimed at foreigners, which makes foreigners more skeptical about the deterioration of the Bangladesh safety net.

Sarah Labowitz, a professor at stern business school in New York, believes that Bangladesh's fear of aggression will affect buyers of foreign fashion industry, which will last for several months and even affect the shopping season this year.

Bangladesh garment manufacturers and export associations say they are afraid to attack national image and business activities, but the extent of the impact is unclear.

Bangladesh had suffered a collapse of the garment factory 3 years ago, causing more than 1000 workers in the garment factory to die, and since the beginning of the retail industry has kept high vigilance for the working environment in Bangladesh.

Industry analysts point out that these international

It may consider shifting the procurement plan from Bangladesh to less volatile countries such as Kampuchea and Sri Lanka.

H & M, however, has issued a statement that they do not have an order pfer plan, but they are very concerned about the development of the situation.