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Huge scope for Bangladesh RMG to tap Chinese market

17 Sep '12
1 min read

There is immense potential for Bangladeshi readymade garment (RMG) industry to increase its exports to China.
 
The possibilities of increasing Bangladeshi garment exports to China were discussed during a recent visit of a Chinese delegation, led by China National Garment Association (CNGA), to Bangladesh.
 
Chinese garment entrepreneurs said their industry is moving towards manufacturing of high-end clothing, due to increase in production costs. 
 
As a result, basic clothing produced in Bangladesh has started pouring into the Chinese market. In 2008-09, Bangladesh did not export any apparel to China and in 2011-12, Bangladesh’s RMG exports to China rose to US$ 102 million.
 
Further, since 2010, China has allowed 4,721 items, mostly clothing items, to enter duty-free into China, which greatly boosts Bangladeshi apparel exports to China.
 
Bangladesh RMG exporters now see China, with its 1.3 billion population, as a potential export market.
 

Fibre2fashion News Desk - India

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