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Chinese textile machinery sector seeks opportunities
07
Apr '10
General Manager of China Textile Machinery and Technology Import and Export Co., Zhu Bao-Lin, who led the delegation, visiting Bangladesh, met with Abdul Hai Sarkar, Chairman, Bangladesh Textiles Mills Association (BTMA).

He told Bangladeshi counterparts that the Chinese Government would soon provide duty-free treatment on about more than 4,700 products from the LDC countries. This is expected to narrow the trade balance between China and Bangladesh.

China Textile Machinery Company hopes they would have opportunities to provide inexpensive and high-quality textile machinery to Bangladesh textile companies, in order to help low-labor and low-cost industries achieve advantages.

This he said, will also help the textile and garment, realize their target, of accounting for 10 percent share in global textile market. He predicts that Bangladesh exports of clothing and other textile products to China will increase significantly after July 1.

Fibre2fashion News Desk

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