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 minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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