Garment export to USA, the world's single largest market, continued to rise belying the prediction that the country's apparel export would drastically fell in the post-multi fibre arrangement era.
With a 33 per cent rise in cotton and knitwear category, apparel export to the US increased by more than 26 per cent in the first four months of the current year comparing to the corresponding period of 2005, the first year of the post-MFA era, industry insiders said.
Quoting reports of shipments, sources in the Bangladesh Garment Manufacturers and Exporters Association told New Age that the textile and apparel export to the US increased by 26.37 per cent in terms of price and 20.47 per cent in volume during the January-April 2006 period.
The export of textile and apparel products reached $925 million during the first four months of the current year against less then $745 million of the same period of the past year.
Exporters said the export in terms of value increased at a greater ratio as unit price of the Made in Bangladesh items increased significantly due to the restriction on some items of China, the world's largest RMG exporter.
The US restriction came in mid-2005 in line with the World Trade Organisation's measure to maintain stability in the US and the EU markets.
Exporters of cotton and knitwear category capitalised the US restriction on the same category products from China to show the best performance with a 33 per cent growth.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
