Bangladesh 'replacing China as major exporter of cheap RMG'
Wednesday, 3 February 2010
Our Correspondent
CHITTAGONG, Feb 02: The RMG exporters today said that Bangladesh is gradually replacing China as a major exporter of cheap readymade garment as the developed countries are yet to recover from the global recession.
"The country's RMG sector was mostly dependent on the buyers from America and the European countries. But our market is now expanding to Japan and other countries. They are showing more interest on our cheap garments," BGMEA first vice president Nasir Uddin told the media.
He said, the economic recession could not harm our RMG export so much as was feared because the recession compelled the buyers to opt for cheaper garments from countries like Bangladesh instead of China.
"The export of readymade garments fell in the middle of 2009 but it turned around by the end of December," Nasir said.
The BGMEA leaders were addressing a press conference at a hotel in the city on the occasion of Chittagong Apparel, Fabrics & Accessories Exposition (CAPAXPO) 2010.
CHITTAGONG, Feb 02: The RMG exporters today said that Bangladesh is gradually replacing China as a major exporter of cheap readymade garment as the developed countries are yet to recover from the global recession.
"The country's RMG sector was mostly dependent on the buyers from America and the European countries. But our market is now expanding to Japan and other countries. They are showing more interest on our cheap garments," BGMEA first vice president Nasir Uddin told the media.
He said, the economic recession could not harm our RMG export so much as was feared because the recession compelled the buyers to opt for cheaper garments from countries like Bangladesh instead of China.
"The export of readymade garments fell in the middle of 2009 but it turned around by the end of December," Nasir said.
The BGMEA leaders were addressing a press conference at a hotel in the city on the occasion of Chittagong Apparel, Fabrics & Accessories Exposition (CAPAXPO) 2010.