Home / Knowledge / News / Apparel/Garments / Growth-oriented setting key to economic development
Growth-oriented setting key to economic development
Dec '10
More focus should be given on the generation of a growth-oriented environment in order to ensure proper development of the country's economy.

The Bangladeshi government needs to ascertain that the backward linkage industries are provided with adequate gas and power supply, so as to help them meet the deadlines for manufacturing of yarns and fabrics. This has emerged as an urgent requirement, now, because the European Union has adopted new Rules of Origin (RoO) and the same is likely to become effective from January 1.

Implementation of these new RoO is expected to considerably boost the country's exports to EU. The existing rules do not allow Bangladesh to gain much from the GSP as the country does not produce sufficient high quality fabric domestically. But, the new rules may provide the Bangladeshi exporters an opportunity to explore the high-end EU markets.

As the EU relaxes its rules for the least developed countries (LDCs) under the generalised system of preferences (GSP) in textile trade, it is likely to prove advantageous for the apparel export sector of Bangladesh.

The biggest reform that these new rules would bring is allowing single-stage processing that is production from fabric in several cases, in place of the two-stage processing which involves production from yarn.

This means that majority of the apparel products from all the LDCs henceforth will become eligible for a zero-duty access in the EU, irrespective of the country of origin of the raw-materials. Presently, an import duty of 12 percent is levied on readymade garments in EU.

The GSP is a business agreement that permits low or zero-duty on imports of goods from developing countries, while the RoO decides if these goods actually have their origin in the countries under the GSP.

Fibre2fashion News Desk - India

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Sanjay Yagnik
Maa Tex Speciality

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

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mohammad Hassan
Biax Fiberfilm

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

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

Robert Brunner

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

Prathyusha Garimella
Prathyusha Garimella

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search