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UAE to invest in Bangla textiles sector
09 Jun '11
1 min read
The United Arab Emirates has shown keenness to invest in Bangladesh's textile industry, as part of developing trade relations between the two countries.
Bangladesh has cheaper labour market, which makes it attractive for investors. Also, being a least developed country, Bangladesh enjoys a facility to export goods at zero-duty to the European Union, China, and other developed countries.
In 2009-10, the two-way trade between UAE and Bangladesh was nearly US$ 500 million. The UAE is also expected to take all possible measures to protect the interests of immigrant workers from Bangladesh.
Bangladesh has cheaper labour market, which makes it attractive for investors. Also, being a least developed country, Bangladesh enjoys a facility to export goods at zero-duty to the European Union, China, and other developed countries.
In 2009-10, the two-way trade between UAE and Bangladesh was nearly US$ 500 million. The UAE is also expected to take all possible measures to protect the interests of immigrant workers from Bangladesh.
Fibre2fashion News Desk - India
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