“The Chinese producers are open to either sourcing directly from Bangladeshi garment manufacturers or setting up plants in joint-ventures with Bangladeshi entrepreneurs or a few may even relocate their existing plants from China to Bangladesh”, Mr Bose elaborates.
“Current two-way trade between China and Bangladesh is around $7 billion and I expect this to reach $16 billion by 2015. Of the current Bangladeshi exports to China of about $500 million, nearly 70 percent is accounted for by apparel exports”, Mr Bose explains by saying.
He adds, “Out of the $16 billion bilateral trade that we expect between the two countries by 2015, share of Bangladeshi exports to China could touch $6 billion by 2015. Considering the current trends, it can safely be assumed that Bangladesh can expect to export around $4 billion worth of garment to China by 2015”.
Fibre2fashion News Desk - India