RMG sector confident about Intl competitiveness

21 Feb '08

2 min read

At a seminar held on February 20, Bangladeshi exporters expressed that China may not pose a threat to domestic RMG (ready-made garment) following the withdrawal of safety measures against China by EU and US.

The seminar titled 'The future of the RMG and textile sector: Making Bangladesh more competitive' was organized by Bangladesh Enterprise Institute (BEI).

Farooq Sobhan, President of BEI, chaired the seminar. Besides, the meeting was attended by Anwar-Ul-Alam Chowdhury Parvez, BGMEA President, Fazlul Hoque, BKMEA President, Abdul Hai Sarker, BTMA President and Aftab Uddin Ahmed, UCEP (Under-privileged Children's Education Programme) Executive Director Brigadier General.

Textile and Jute Secretary Abdur Rashid Sarker also attended the seminar as special guest.

Exporters believe that Bangladesh has a strong competitiveness in the global market and in spite of the fact that quota limits for China is coming to an end, the country is likely to flourish in the future as well. To the extent that exports of RMG can be doubled, if the Government supports the local manufacturers.

RMGs of Bangladesh have a peculiarity of its own and it is based on these unique qualities that the domestic industry can assure itself increasing export orders from the EU as well as the US.

On the contrary, experts are more than just confident that China will emerge as an importing country after the removal of the safety measures.

If qualitative measures like reduction in bank interest rate, product diversification and improvement in productivity are incorporated and retained as the key policies, the country is bound to stay afloat in international competition.

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