Home / Knowledge / News / Apparel/Garments / Bangladesh urges Japan to import more garments
Bangladesh urges Japan to import more garments
02
Jun '14
Bangladesh, the second largest readymade garment exporter, has urged Japanese entrepreneurs to increase the share of Bangladeshi garments in their total apparel import from the current 1.77 percent to at least 10 percent.
 
Speaking at a press conference in Dhaka, organized to brief the media about the recent visit of a Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) delegation to Japan, M Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said Japan annually imports US$ 31.78 billion worth of apparel, and Bangladesh’s share in this is only 1.77 percent.
 
During the visit, the FBCCI delegation asked the Japanese entrepreneurs to import more clothing items from Bangladesh and take Bangladesh’s share in the country’s total imports to at least 10 percent, Mr. Islam said.
 
He added that such a step by the Japanese entrepreneurs would also help in minimizing the huge trade gap that currently exists in favour of Japan.
 
Informing about a FBCCI delegation’s visit to China from June 4, ahead of Prime Minister Sheikh Hasina’s visit from June 6 to that country, FBCCI president Kazi Akram Uddin Ahmed said Bangladesh will offer either a special economic zone or an industrial park to Chinese entrepreneurs who would like to invest in Bangladesh.
 
Bangladesh will offer an investment alternative to Chinese entrepreneurs who are currently facing high production and labour costs in China, Mr. Ahmed said.
 
In last fiscal year 2012-13, Bangladesh exported $11.039 billion worth of woven garments and $10.475 billion worth of knitwear. In the first ten months of the ongoing fiscal year July-April 2013-14, Bangladesh’s garment exports increased by 15.38 percent to US$ 19.97 billion, as per data from the Export Promotion Bureau (EPB).
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

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

Mark Paterson
Technical Absorbents Ltd

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search