Home / Knowledge / News / Apparel/Garments / Duty-free status under-utilised
Duty-free status under-utilised
Jan '10
Bangladesh has the status of a 'Least Developed Country' (LDC), which entails duty-free or concession on selected product exports to several countries, but unfortunately the country has not been able to take full advantage of the same.

A 2008 world trade data reveals that, trade amongst all the countries on the globe amounted to $15,775 billion, of which the 49 identified LDC;s accounted for $176 billion, or 1.1 percent of global trade volume.

Again from this, overall exports to 189 countries from Bangladesh in fiscal year 2008-09 totaled to just $15.57 billion, a very small percentage of the total imports of all the countries, but is good, when considered from among all LDC exports.

Experts opine that weak trade negotiation capacity, lack of proper knowledge of markets, non-diversification of products and markets, absence of any study and not receiving information from Bangladeshi missions as main reasons for not being able to capitalize on the LDC status.

When considering product diversification, 87 percent of the total exports from Bangladesh are accounted for by just five product categories like ready-made garments, raw jute and its products, frozen foods, leather goods and chemicals.

With regards to different overseas markets, the North American and European markets between them account for 81 percent of all exports, with the rest of the global countries accounting for the rest.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

February 2017

February 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