Dhaka, Feb 13 (V7N) — Following the completion of the 13th parliamentary elections and referendum, Bangladesh’s garment industry is closely watching the formation of the new government.

The country, known worldwide for its ready-made garments, is facing a period of uncertainty. Export figures have been declining for the past six months, with analysts citing US tariffs and domestic political instability as the main factors affecting performance.

Industry experts are hopeful that recent US trade agreements could provide some relief. However, key details of these agreements are still pending finalization, leaving exporters cautious.

Manufacturers are now looking to the incoming government to stabilize the political environment, implement an effective wage structure, revive the banking sector, and control operational costs.

Political leaders, during the election campaigns, also pledged to reduce the economy’s dependence on the textile sector and promote industrial diversification. Analysts emphasize that creating a safe trading environment and enforcing fair policies will be critical to sustaining Bangladesh’s garment sector and ensuring its global competitiveness.

The industry remains optimistic that strong governance will provide a foundation for growth, secure foreign investment, and restore confidence among international buyers.

END/SMA/AJ