Canada will be the next big buyer of garment for Bangladeshi clothing supplier

Canada will be a key export destination for Bangladesh garments in achieving the target of $ 50,000,000,000 in foreign sales at the end of 2021, Canadian High Commissioner Benoît-Pierre Laramée said yesterday.

Currently, Bangladesh is the second largest exporter of clothing after China with shipments of $ 24.5 billion last year.

“Canada has provided support to Bangladesh to develop the skills of workers and improve working conditions in the sector to higher exports of items of clothing,” Laramee told a group of journalists to the first RMG Meet Up, a regular discussion by the Canadian Chamber of Bangladesh leading retailers in North America and clothing exporters in the Westin Hotel in Dhaka Commerce and Industry (CanCham) with.

Riding on the benefits duty-free since January 2003 in Bangladesh, garment exports to Canada have been rising in the past decade. Bangladesh’s exports to Canada, 96 percent are clothing items.

Between July and March, Bangladesh exported goods worth $ 734 020 000 in Canada; it imported goods worth $ 495.80 million in July-February of the same fiscal year, according to data from the Bureau of Export Promotion.

For the 2013-14 fiscal year, Bangladesh’s exports to Canada were $ 1.1 billion, while imports were $ 585.5 millions.

“A lot of progress in the inspection data, progress in terms of redress and transparency has been achieved in the clothing sector after the collapse of Rana Plaza building. We see great progress, but the momentum must be maintained, “said Laramee.

Bangladesh must take ownership of safety measure after the departure of the Agreement and the Alliance, the two inspection bodies of foreign clothing factory in the country.

After industrial disasters – Tazreen Fashions fire and Rana Plaza collapse – the Agreement and Alliance have begun to develop factory inspections structural, fire and electrical safety to Bangladesh in 2013.

The agencies have completed their preliminary inspections in September and end their activities after five years of operation.

Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association, said clothing manufacturers were faced with the challenges of poor infrastructure, political crisis, lower worker productivity and a lack of experience of the mid-level management .

“Insufficient supply of gas and a ban on new gas connections in factories are the biggest challenges for the apparel industry now,” added the Islam.

The rising cost of production and the politicization of trade unions are other major challenges for the sector, he said. “We are still confident that we will achieve the goal of exporting $ 50 billion by 2021. clothes”

CanCham President Masud Rahman said the room started its new initiative to hold quarterly discussions on ‘Journey to the Next Milestone: Strategy for the RMG sector “as garment exports to Canada are on the rise.

“The of several billion garment industry is going through an interesting period. The overall performance of garment exports in the past year compared to previous years has not been very different.”

“The growth rate was about 9 per cent compared to the previous year, which is slightly below the average of the past five years of around 12 percent,” he said.

Rahman said Bangladesh has exported apparel products worth $ 5.4 billion in 2013 to the United States – the largest export market for the country – which is 9 percent higher than in 2012 and 158 percent more than in 2003

Refayet Ullah Mirdha

Source by:  the daily star

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1 Response

  1. RAJESHWAR PONNALA says:

    GARMENT BUYERS IN EUROPE INFO

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