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

Fashion | On 26th Jul 2016

Finally, Myntra buys Jabong

Putting an end to months of speculation, online fashion e-retailer...

Apparel/Garments | On 26th Jul 2016

British clothing retailers face Brexit double whammy

With online rivals already giving them a hard time, Britain's major...

Courtesy: Chanel

Fashion | On 26th Jul 2016

Chanel acquires 4 silk companies to firm up supplies

Continuing its trend to secure access to high-end raw materials,...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Smita Murarka
Amanté

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search