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Wednesday, June 29, 2011

GARMENT INDUSTRY • The export of garments has decreased compared to last year due to yarn and fabric prices high cos

GARMENT INDUSTRY

· The export of garments has decreased compared to last year due to

yarn and fabric prices

high cost of doin business

Law & Order situation, high interest rates and high utility charges

· The increase is around 35% which is 70 to 80 cents per garment

· Last year total export of textile was Rs. 11 billion

· Export of garments; knitted & woven Rs 3.3 billion

· This year we will not be able to achieve the target

· Bangladesh is the biggest beneficiary

· Bangladesh has duty free advantage in Europe Canada Australia

· 49 least developed countries has duty free access to EU i.e, Nepal, Kenya, Bhutan, Sri Lanka etc.

· America has FTA with many countries , like Kenya Morocco, Egypt Jordan, Israel etc

· Although our currency has depreciated more than 35% but it is not helping our exports

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