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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