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Huge scope for Bangladesh RMG to tap Chinese market
17
Sep '12
There is immense potential for Bangladeshi readymade garment (RMG) industry to increase its exports to China.
 
The possibilities of increasing Bangladeshi garment exports to China were discussed during a recent visit of a Chinese delegation, led by China National Garment Association (CNGA), to Bangladesh.
 
Chinese garment entrepreneurs said their industry is moving towards manufacturing of high-end clothing, due to increase in production costs. 
 
As a result, basic clothing produced in Bangladesh has started pouring into the Chinese market. In 2008-09, Bangladesh did not export any apparel to China and in 2011-12, Bangladesh’s RMG exports to China rose to US$ 102 million.
 
Further, since 2010, China has allowed 4,721 items, mostly clothing items, to enter duty-free into China, which greatly boosts Bangladeshi apparel exports to China.
 
Bangladesh RMG exporters now see China, with its 1.3 billion population, as a potential export market.
 

Fibre2fashion News Desk - India


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