Bangladesh textile exports are expected to increase by 70% in the next two years

by:JIYALI     2021-07-31
If Bangladesh gains zero-tariff access from neighboring countries and the United States, textile exports in the next two years are expected to grow by nearly 70% or even higher.   Mohammad Fazlul Hoque, president of Bangladesh Knitwear Enterprises and Exporters Association (BKMEA), said that by June 2007, Bangladesh’s ready-made clothing exports had reached 9.21 billion US dollars. Clothing accounts for three-quarters of the country’s total export revenue.  Mr Fazlul specifically pointed out that the two-day knitwear trade fair will open in Dhaka on Sunday. Purchasing delegations from Spain, the United States, Germany, the United Kingdom, Canada, France, Hong Kong, India and Pakistan all participated in the fair.   Bangladesh is negotiating zero-tariff access with Russia, Malaysia, India, Pakistan and the member states of the Association of Southeast Asian Nations.   Bangladesh was hit by a devastating typhoon on November 15, killing about 3,500 people, making tens of millions homeless, and causing heavy losses to agriculture, fisheries, and infrastructure.   Bangladesh has high hopes for the 2007 new partnership and development law proposed by the US Congress. Currently, over 30% of Bangladesh’s export revenue comes from the United States, which is Bangladesh’s largest market.
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