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Opportunities for increased trade in cotton textiles

06
Jun '07
The Bangladesh Cotton and Textile Convention 2006 was held at the Dhaka Sheraton Hotel, Bangladesh on April 23 and 24, 2007. Cotton Bangladesh and the International Cotton Advisory Committee (ICAC) in cooperation with the Bangladesh Textile Mills Association (BTMA), Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers Association (BKMEA), Bangladesh Cotton Association (BCA) and Globecot organized the convention jointly.

The objective of the program was to provide a dynamic forum that would bring fresh ideas and thoughts on how the Bangladesh textile industry can cope with increasing competition in the world textile market. Over 250 participants, including sixty delegates from 19 countries, participated in the conference. Ms. Geeteara Safiya Choudhury, Adviser (Minister), Ministry of Textile and Jute, Bangladesh, was the chief guest at the Convention.

Major Results from the Convention:
The world textile industry may be moving into a period of slower growth. In order to expand business, Asian textile industries need access to high quality cotton, including longer cotton with better color, and lower contamination. Cotton industries need to provide improved inspection procedures, better delivery and transparent business interactions.

India, the USA and Uzbekistan are likely to remain reliable cotton suppliers to Asian markets. Transportation costs from India and Uzbekistan are being reduced through investments in infrastructure, and the U.S. cotton industry will remain competitive through an emphasis on quality.


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