China can become more important than US for Bangladeshi apparel
24/08/2012
Officials at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have explained that more than 200 apparel items can now be exported to China duty free. The association’s vice-president, Siddiqur Rahman, recently told the Dhaka-based Financial Express: “China is a very good potential market for Bangladeshi products and it has the possibility of growing to a greater volume for us than the US.”
He said that apparel manufacturers in China now want to focus on high-tech, high-end products. So, China will have to rely on other apparel-producing countries to supply lower-end items for its domestic market.
“Being the second-largest apparel maker and very close to China, we have a great chance to grab the market if we can raise production,” said Mr Rahman.
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