Bangladeshi garment exports to Japan and China target to $50 billion products in 2021

০৯ ই সেপ্টেম্বর, ২০১৫ বিকাল ৫:৪৩

Bangladesh's apparel exports continue to rise further. Bangladesh could benefit more from the Japanese market by promoting non-cotton garment items as demand is higher in Japan. Readymade Garment exports to Japan rose 14.02 percent to $652.55 million in fiscal 2014-15 partly due to relaxed rules of origin for Bangladeshi knitwear. Knitwear exports in 2014-15 grew 10.43 percent to $279.78 million from the previous year. Bangladeshi exporters were already getting almost zero-duty benefit on knitwear exports as local spinners met about 90 percent of the sector's raw material requirements. Govt especially keeping in mind the target to export $50 billion of garment products in 2021.This is in line with the general upward trend the sector experienced last yr.

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