Home / Knowledge / News / Apparel/Garments / RMG producers explore new markets
RMG producers explore new markets
08
Jul '10
Apparel manufacturers of Bangladesh have set a target to export US $500 million worth of products to three South American states, Brazil, Chile and Mexico, in next two years.

A 12-member Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently paid a visit to these three countries, which may offer a number of export orders.

This visit was undertaken under BGMEA and German Development Cooperation (GTZ's) joint initiative to broaden the horizon of RMG market beyond US and EU, which accounts for around 94 percent of the country's overall RMG shipments.

The delegation, led by 1st BGMEA Vice President, who met government representatives, high officials from chambers, RMG buyers, chain retailers, traders and importers and members of the press, during their visit to the aforesaid three South American states.

The delegation, which also included BGMEA's current Vice President and other directors along with Sr Business Advisor of GTZ, received mammoth of response from buyers of these three nations, as earlier they were not much aware about Bangladesh and its RMG industry.

As per a BGMEA official, the association expects a good number of participants at the BATEXPO 2010, from these countries, to begin trade ventures. The expo is scheduled to be launched in the month of November.

Moreover, buyers from Latin America will be visiting Bangladesh this month, informed the official. The delegation identified that, they have faced many hurdles in Bangladeshi RMG export promotion in Brazil, Chile and Mexico as Bangladesh Mission or a trade representative office was not present in these countries.

At present, Brazil, Mexico and Chile import Bangladeshi RMG goods worth $50.29 million, $114.01 million and $7.47 million, respectively. The overall RMG exports of these three countries stands at $767.07 million, $1947.85 million and $1074.83 million, respectively.

The association is in talks with the government to set up embassies in South America. The delegation underlined the need of Government level bi-lateral trade agreement to lessen the tariff barrier.

The country is looking to diversify its export market to the new potential markets such as Japan, Hong Kong, Australia and to the emerging markets like Brazil, Chile, Mexico and South Africa, in a bid to lessen its dependence on US and EU during global recession.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Leisure sneakers lead US footwear sales: The NPD Group

Apparel/Garments | On 21st Jun 2018

Leisure sneakers lead US footwear sales: The NPD Group

Leisure sneakers dominated US footwear sales between May 2017 and...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

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

Madhu Jain
Madhu Jain

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch 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


June 2018

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

news category


Related Categories:

Advanced Search