Reduced labour export to hit remittance inflow
The rate of migration of Bangladeshi workers to other country has been dropped 27 per cent this year comparing to the previous year. A recent report reveals that in last October manpower export to Middle East had been reduced by as much as 48 per cent. Multiple reasons have been identified as the cause of the drop of manpower export which includes lack of skilled manpower, lack of expected employment opportunities, higher cost of migration, extreme competition with the other manpower exporting countries and the return of women workers from Saudi Arabia (KSA).
Manpower export to KSA, the largest market of Bangladesh for manpower export, has been declined to 56 per cent, the highest rate of decline among the countries. Female migration rate has been reduced 20.03 per cent compared to last year. Experts say that the dissemination of horrible stories of migrated women workers in the ME dispirits women to migrate. Another reason for the declining trend is the KSA's Preferential Treatment for Saudi Citizens policy. Under this new policy, the country will recruit only Saudi citizens in 12 sectors, those sectors were open to the foreign workers previously.
It is a matter of hope that, even though the migration rate of workers has been reduced, the remittance flow has not been reduced rather it is on increasing trend. But this continuous dropping of manpower export increases the vulnerability of remittance flow into the country, which is vital to Bangladesh economy, since it is the second largest source of foreign currency of the country.
Although Bangladesh sends a large number of migrant workers abroad most of them are unskilled workers. And this disadvantage pushes the workers towards inclement circumstances including poor jobs--those are less important and causing job insecurity and poor salary. And that is why the amount of remittance and workers' number are extremely disproportionate. Again, due to the lack of skill of the labours, Bangladesh cannot take the benefits of all foreign labour markets. The political unrest in the Middle East and change in those countries' labour policies has shrunken the remittance flow of Bangladesh while our manpower export is stooped in the region.
Under this circumstance, developing skill by providing training to the willing emigrant workers is the need of the minute. Simultaneously, alternative markets, in different countries like Japan and South Korea should be explored, since diversification of the market will ensure the security of remittance flow.