Home / Knowledge / News / Apparel/Garments / 'Bangladesh's export potential to EU not fully tapped'
'Bangladesh's export potential to EU not fully tapped'
27
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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mark Paterson
Technical Absorbents Ltd

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search