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Anti-dumping charges drives out enterprises from China & Vietnam
12
Sep '08
Anti-dumping allegation against China and Vietnam, by EU and the US, the two largest markets in the world, is forcing a large number of Taiwanese enterprises to shift their bases to Bangladesh instead.

It has been reported that Hun Hsin Textile Co, Ltd, a Taiwan enterprise has already made plans to invest US $7.25 million for setting up a textile yarn manufacturing industry at the Comilla Export Processing Zone (EPZ).

The 100 percent foreign owned company will undertake production of textile yarn products and will create employment opportunities for about 1,237 Bangladeshi and 11 foreign nationals.

Another enterprise, Taiwan Trendex Industries Co, Ltd will spend $400 million for establishing two furniture factories in Bangladesh and is expected to generate employment opportunities for some 10,000 natives.

This increasing trend of shifting base from China and Vietnam is proving extremely beneficial to Bangladesh which provides investors with an added advantage of cheap labor and lower cost of production.

Experts believe that that so long as the case of anti-dumping is upheld, China and Vietnam are likely to lose whooping number of their investors to other cost competitive countries like Cambodia and Bangladesh.

Fibre2fashion News Desk - China

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