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Wednesday, August 12, 2015

Job Agreement Policy: A great threat for Upcoming Textile Engineers

     Bangladesh is holding the second position to export ready made garments (RMG) just after China. There are about forty thousand Garments and Textile industries in Bangladesh. About 3.4 to 4 million people are working in this sector. Bangladesh exported 24 billion U.S dollars ready made garment in the last year 2014.  She is now targeting to export about 50 billion U.S dollar within 2021. So, the demand of Textile Engineers is growing day by day.

Job Agreement Policy

     Though a huge number of Textile Engineers are needed to fulfill the growing demand, some companies are applying a new job agreement policy for the freshers. They are trying to bind the new engineers with their local job agreement policy. The job agreement is for 2-5 years. The agreement period is varying from one company to another. Some are applying 2 years, some are 3 years and some are for 5 years.
     The new employers have to sign up an agreement form. The agreement form mentions that, the new employers can’t leave the job before completing the agreement period. Also, they have to submit the main copies of their academic certificates. They can only leave it, if they get chance for going abroad for higher studies or get a government job.
     The companies are showing some causes for the job agreement. They say that, when they recruit new employers, they have to train them for three to six months. During this period the companies have to do some investments for the employers. But the companies get a little output during this training period. They want the highest output from the employers. They get a bitter experience when an employer leaves the job after 1 to 1.5 years. That is why they try to hold the new comer by job agreement.
     Though this agreement is fruitful for the companies, it is not better for the Upcoming Engineers. It is as usual in this sector that, when you change your company, you will be upgraded and will get more salary by showing your experience. So, the job agreement hinders yours rapid salary increment and upgrade post.
As I’ve already mentioned that, some companies are trying to recruit through this policy, but all companies are not. Till now, most of the reputed companies are recruiting in the legal way. So, there is nothing to be disappointed for the upcoming Textile Engineers.
     Though finding a good job is not as easy as before, you will get a better one if you are confident enough and have the capability. You should also be patient enough to get your desirable job. So get prepare yourself properly and be a good Textile Engineer.

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Friday, September 12, 2014

Pakistan is taking more advantages of EU GSP+ than Bangladesh in textile and apparel

To go through this article, firstly we have to know what are GSP and GSP+.
          The Generalized System of Preference or the Generalized Scheme of Preference, which is commonly known as GSP. It contributes to reduce poverty and the promotion of sustainable development and good governance. Tariff preferences in the EU market helps developing countries to participate more in international trade and get more export revenue to their own sustainable development and eradicate poverty. 

The Generalized System of Preference or the Generalized Scheme of Preference, which is commonly known as GSP.
           The GSP+ is as like as standard GSP but it has some differences too. The special incentive arrangement for sustainable development and good governance, known as GSP+, which offers additional duty free exports to support vulnerable developing countries in their ratification and implementation of relevant international conventions in these fields.  ­­
          The EU started considering the GSP status for Pakistan in October 2012, because the country was affected by a devastating flood in 2010.
          The European Union (EU) has given the GSP+ facilities to three new countries including Pakistan from 1 January 2014 and it will end in 31 December 2016.  It should be mentioned that Bangladesh is getting this facility previously. China, Colombia, India, Indonesia, Thailand and Vietnam are not eligible for GSP+. China and India have graduated out of the textile and garments sections of the standard GSP that means whereby products import from China and India will not be benefiting from preferential duties either. From now, Pakistan is the new raising competitor for Bangladesh in textile and apparel sector.
          A good number of orders have already been shifted to Pakistan from Bangladesh as the buyers or retailers have already known about the Pakistan’s GSP+ facility. Bangladeshi Garments sector was affected by the political deadlock. Retailers do not want to continue to work in a risky environment in Bangladesh and so Pakistan will be their next best choice as it can grow cotton. If Pakistan can impress them, they will not go to other destination.
          The EU is the largest trading partner of Pakistan after the US. Pakistan exports around 3.4 billion Euros to EU every year. They export about 88% apparel and textile products. In the next two years their exports will increase near about 10%.
          The total amount of export of Bangladesh to EU has risen to 11% in the first 5 months of 2014 whereas, Pakistani export has risen about 17%. During the period under review, in the exports of clothing and textiles, home textile sector fell by 3 percent in Bangladesh, where the Pakistan increased nearly 7 percent. Woven and knit apparel exports that grew by the Bangladeshi, Pakistani products grew by more than two. It seems that, Pakistan is taking advantages of GSP greater than Bangladesh. Bangladeshi textile and apparel sector have to face a little bit competition in the coming days. This pressure will be more on the home textile products.
          Pakistani export can be raised up to 1.5 billion US dollar. Pakistan will export that amount; about 70 percent may be through its trade creation. This directly will increase the volume of Pakistani exports. Rest 30% will be through trade diversion. This will be happened by decreasing trade of Chine and increasing trade of Pakistan. Besides, the export of Turkey, Bangladesh, India and Sri-lanka will decrease a little bit and will add with Pakistan.