Home / Knowledge / News / Apparel/Garments / Bangladeshi RMG exports to Japan on a high
Bangladeshi RMG exports to Japan on a high
14
Aug '10
Following the announcement of the China+1 policy by the Japanese government in 2008, a surge has been noticed in apparel exports from Bangladesh.

Japan is very much eager to trim down its reliance on China, the biggest source of apparel products, worldwide. The China+1 strategy advocates, relocating the production activities from China to other countries like Bangladesh.

As Bangladesh is a member of the least developed countries' group, and it has gained a duty-free access for its woven goods in the Japanese markets under the generalised system of preferences, or GSP.

As revealed by the Export Promotion Bureau statistics, excluding the last two months data,which still has not been culled, garment exports to Japan sustained an average growth rate of 175 percent during the period between 2008 and 2010.

However, as Japan adheres to its age old knitwear industry and the knitwear exports to Japan are subjected to a duty of 17 percent, despite which Bangladesh knitwear exports to Japan registered a rise of 231 percent and stood at $60 million in the initial 10 months of previous fiscal.

Also, the country, during the same period generated $90 million by exporting woven garments which is 121 percent above the figures registered for corresponding period last year.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X