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Bangladesh has seen increased garment exports to 11 new destinations since 2009, including Japan and China, partly because of the government’s financial incentives for new markets. The stimulus package has been working well, said Mahmud Hasan Khan, vice-president of Bangladesh Garment Manufacturers and Exporters Association.

The two new markets Japan and China are promising markets for Bangladesh. Garment exports to China and Japan, soared in fiscal 2015-16 — the strongest sign yet of the growing stature of Bangladesh’s apparel sector in global trade.

Related Keywords: Bangladesh cotton association, Bangladesh garment exports, Bangladesh Garment Manufacturers and Exporters Association, Bangladeshi business team, bosst exports to India, Federation of Bangladesh Chambers of Commerce and Industry, garment and yarn factories, Indian market, set up garment warehousing, spinning mills, visit Gujarat

A business team comprising representatives from Bangladesh Garment Manufacturers and Exporters Association and Bangladesh Cotton Association lead by Abdul Matlub Ahmad, president of the Federation of Bangladesh Chambers of Commerce and Industry visited the Indian state of Gujarat to select a garment warehousing site that will be constructed by Bangladeshi entrepreneurs to boost exports to India.

Related Keywords: Bangladesh garment exports, Bangladesh Garment Manufacturers and Exporters Association, Export Promotion Bureau, garment makers, garment makers platform, home textile, jute, non traditional market, US showing positive signs

As major markets like the US are showing positive signs, apparel exports of Bangladesh have been on the rise, but they need to grow by 10 percent every month in order to achieve their target of $27 billion in the current fiscal year, said Shahidullah Azim, vice-president of Bangladesh Garment Manufacturers and Exporters Association, the garment makers' platform.

Garment exports to non-traditional markets have growth by 7 percent year-on-year in the July-March period.