Rising garment export to China- the next big export destination

[murshida]

China, the global leader in apparel business, could turn into a major export destination for Bangladesh because of its huge population with a growing section of middle-income households. China is shifting production from basic to high-end garment products and has a shortage of skilled labour.

Riding on a duty-free trade privilege, Bangladesh’s garment export to China increased 14.77 percent year-on-year to $391.59 million in fiscal 2016-17, something exporters are seeing as a sign that new opportunities are awaiting. During the 2008-2009 global recession, global trade experienced a significant slump but Bangladesh’s export got a boost for increased shipments to China.
https://textiletoday.com.bd › Trade & Business

[protima.ns]

Thanks.

[Raihana Zannat]

Nice.