Interviews
Opportunities for increased trade in cotton textiles
06 Jun '07
3 min read
Low costs and vertical integration are contributing to the success of China (Mainland) and India in gaining export shares in textile and clothing markets.
Competent entrepreneurs willing to take risks for growth, and the presence of a large, motivated and highly trainable work force, give Bangladesh a competitive advantage in the world textile and clothing industries.
Entrepreneurs in Bangladesh ignored the advice given by international experts more than a decade ago to avoid investments in textiles, and as a result Bangladesh is now a highly successful textile and apparel exporting nation with mutually supportive upstream and downstream sectors.
Bangladeshi entrepreneurs can better position themselves to face the challenges of competition in a world economy by participating in international forums and joining international associations. In particular, Bangladesh textile businesses will benefit through membership in the International Cotton Association (ICA). The Government of Bangladesh can provide support to the textile industry by joining the International Cotton Advisory Committee (ICAC).
The world cotton industry is highly competitive and long term economic viability requires constant adjustment to changing conditions. International organizations, including the ICA headquartered in Liverpool, UK and the ICAC headquartered in Washington, DC work with member companies and member governments to raise awareness of critical issues, provide information necessary to decision making, and facilitate cooperation among countries and the private sector on matters of shared concern.
Competent entrepreneurs willing to take risks for growth, and the presence of a large, motivated and highly trainable work force, give Bangladesh a competitive advantage in the world textile and clothing industries.
Entrepreneurs in Bangladesh ignored the advice given by international experts more than a decade ago to avoid investments in textiles, and as a result Bangladesh is now a highly successful textile and apparel exporting nation with mutually supportive upstream and downstream sectors.
Bangladeshi entrepreneurs can better position themselves to face the challenges of competition in a world economy by participating in international forums and joining international associations. In particular, Bangladesh textile businesses will benefit through membership in the International Cotton Association (ICA). The Government of Bangladesh can provide support to the textile industry by joining the International Cotton Advisory Committee (ICAC).
The world cotton industry is highly competitive and long term economic viability requires constant adjustment to changing conditions. International organizations, including the ICA headquartered in Liverpool, UK and the ICAC headquartered in Washington, DC work with member companies and member governments to raise awareness of critical issues, provide information necessary to decision making, and facilitate cooperation among countries and the private sector on matters of shared concern.
International Cotton Advisory Committee
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