Home / Knowledge / News / Apparel/Garments / 'Bangladesh's export potential to EU not fully tapped'
'Bangladesh's export potential to EU not fully tapped'
Jun '13
Mr. William Hanna/(courtesy: bdnews24.com)
Mr. William Hanna/(courtesy: bdnews24.com)
Bangladesh’s export potential to the European Union has not been fully tapped though the country gets very good market access, Ambassador William Hanna, Head of the EU Delegation in Dhaka, has said.
Inaugurating a two-day workshop on ‘Researching and Analysing Export Market’, Ambassador Hanna said the EU is the largest trade partner of Bangladesh, accounting for over 50 percent of its exports.
However, readymade garments (RMG) have the largest share in Bangladeshi exports to the EU countries, and the export of other items from Bangladesh has not been adequate.
The workshop is organized by Promotion of Social and Environmental Standards in the Industry, a project of Germany’s development arm GIZ, in collaboration with International Trade Centre (ITC) and the Bangladesh German Chamber of Commerce and Industries (BGCCI), and supported by the European Union.
Ambassador Hanna said the EU had provided the best possible market access to Bangladesh for several years through GSP and quota-free access.
He said the relaxation of GSP rules in 2011 led to a sharp jump in Bangladeshi exports to the EU.
In 2012, Bangladesh’s total exports to the EU were valued at over € 9billion, showing a 40 percent rise over the value of goods exported in 2010.
Even this year, Bangladesh’s exports to the EU have been increasing despite the troubles faced by economies in Europe, the ambassador said.
Mr. Hanna said EU would continue to support Bangladesh in enhancing its trade capacity, but stressed on the necessity of creating safe working conditions as both the importers and consumers in the EU have started inquiring about the sourcing of products they buy.
Earlier this month, Mr. Hanna said the EU is considering a long-term plan for the Bangladesh garment industry. He expressed optimism that the revised labour law would play a significant role in ensuring the welfare of workers and bringing discipline in the country’s garment sector.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Textiles | On 17th Jan 2017

IMF projects advanced economies to grow at 1.9% in 2017

Advanced economies are projected to grow by 1.9 per cent in 2017 and...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search