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BGMEA to set up warehouse in Spain

April 21, 2010


Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will set up a warehouse in Spain to ease its business operations in the European market.

An agreement was signed between BGMEA and Yu-Kom-Publicidad SL, a Spanish company, at the BGMEA headquarters in Dhaka yesterday.

BGMEA President Abdus Salam Murshedy and Nuria Lopez of Yu-Kom-Publicidad SL signed the agreement.

Yu-Kom-Publicidad will provide unloading facilities for BGMEA members if any company refuses their shipment, allowing the shipment to be stocked at the warehouse until they can be sold at proper prices.

It may be mentioned here that Bangladesh exported a total of $7.218 billion readymade garments to the European Union in fiscal 2008-09.

Source: UNB

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