Bangladesh'S Five Potential Markets For Clothing And Apparel Industry

The People's Republic of Bangladesh

Former director of Export Promotion Bureau (EPB)

In terms of trade, Bangladesh has 154

Seventy-seventh of the members.

In a seminar on the RMG Market: Japan, Russia and Latin America, Mr. Rachman said Bangladesh ranked seventieth in the world trade exporting countries, Bangladesh ranked sixty-eighth among the importing countries.

Mr. Rachman said,

Has a unique position.

He said: "Bangladesh is currently the largest exporter of cotton t-shirts.

Bangladesh is the second largest exporter of pullovers and jeans in the export to EU countries, and the third largest exporter of knitted apparel in the world.

Mr. Rachman said that in the 2009-10 fiscal year, the garment industry accounted for 78% of Bangladesh's total exports, he added, showing strong export growth.

It could reach about $22 billion at the end of this fiscal year (June 2011).

The former director stressed that

We need to find new markets.

Currently, Bangladesh exports mainly to the United States, Canada and European countries.

He revealed that Bangladesh clothing exporters and Manufacturers Association (BGEMA) and Bangladesh knitwear manufacturers and Exporters Association (BKMEA) have explored new markets for ready made garments during the recent recession.

It turns out that five countries -

It may be a potential market for garments exports.

Russia and Brazil are becoming new participants in the world economy. Therefore, there is great room for exports to these countries.

He suggested that exporters of garments and garments in Bangladesh should recognize their agents in Russia and promote their product sales.

Mr. Rachman said: "Mexico is a free market with a $one trillion economy.

"90% of Mexico's trade has been carried out under the free agreement. Mexico has signed free trade agreements with more than 50 countries, including Japan, Guatemala, Honduras, Salvatore and the European Free Trade Area.

He suggested that Bangladesh should sign bilateral free trade agreements with Mexico in order to promote the trade of garments and garments.

Mr. Rachman said Chile enjoys the highest sovereign bond rating among Latin American countries.

Chile is a market-oriented economy, famous for its powerful financial institutions.

In addition, because of the signing of 57 bilateral and regional trade agreements, Chile has a high degree of dependence on foreign trade.

Governance and

They signed the agreement.

Therefore, Mr. Rachman called on Bangladesh and Chile to sign bilateral trade agreements to promote the export of garments and garments.