Bangladesh has set eyes on doubling its garment exports to Australia, which is one of the largest and potential markets for Bangladeshi apparel, within the next five years. Entrepreneurs in the sector are optimistic that Bangladesh can capitalise the expected reduction in China’s garment exports to Australia, much like it has successfully done in Europe…
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The Middle East has long been the centre of geopolitical priorities for the United States and for the most part, the global hegemon had maintained a sphere of influence over the major power in the region. The US fostered the rise of Israel and protected it from regional rivals with its annual $3 billion aid,…
Faltering footwear, leather industries: Why Bangladesh fails to capitalise on raw material advantage
Bangladesh lags far behind its economic peers in footwear and leather product exports, exposing the country’s insufficient focus on a sector that possesses a key advantage – regular access to the main rawhide – which its competitors lack. For instance, Bangladesh, despite having started footwear and leather product exports earlier than Vietnam, lags significantly behind…
A delegation of 25 chief executive officers (CEOs) and founders of major African and central Asian textile, apparel, and footwear companies, accompanied by the representatives of prominent global brands, is now visiting Bangladesh on a two-day tour to encourage low carbon emission and share of knowledge in the sectors. The delegation reached Bangladesh on June…
Apparel exports to the non-traditional markets reached $7.68 billion with 32.74% year-on-year (YoY) growth in the first eleven months (July-May) of FY23, higher from $5.79 billion in the same period of the last FY22, according to the Export Promotion Bureau data, compiled by the RDTI cell of the BGMEA. The United States, Canada, the United…