News Tags

Related Keywords: Bangladesh apparel export market, Bangladesh’s export earnings from US saw fall, Exporters Association of Bangladesh, government policy support and incentives, lack of product diversification, losing share in US markets, OTEXA data, price competitiveness, safety improvement, US Department of Commerce’s Office of Textiles and Apparel

Bangladesh’s apparel export market is losing its share in US markets due to price competitiveness and lack of product diversification, according to the US Department of Commerce’s Office of Textiles and Apparel (Otexa) data, Bangladesh’s export earnings from US saw a 4.46% fall to $5.07 billion in 2017, which was $5.30 billion a year ago. Bangladesh’s market share in US apparel market came down to 6.31% from 6.58%.

Related Keywords: Bangladesh cotton association, Bangladesh India Cotton Fest, Bangladesh thinking an alternative, basic raw material for textile industry, better quality, BTMA, due to rapid shipment, India single largest source of cotton import for Bangladesh, Indian Cotton Assoication Limited, price competitiveness, settlement of dispute in relaxed manner

India has become the single largest source of cotton import, the basic raw material for the textile industry for Bangladesh due to rapid shipment, better quality, price competitiveness and settlement of dispute in a relaxed manner, said BTMA President Tapan Choudhury.

According to the latest data from Bangladesh Textile Mills Association (BTMA), Bangladesh imports 49% cotton from India to meet its demand. Last year, it imported 6.10 million bale cotton, of which 2.99 million bale or 49% came from India.

Related Keywords: abolishe all import duties among its signatories, complicated rules of origin, failing to join TPP, join the mega-FTA, Korea Economic Research Institute report. US led FTA, Korea export of parts and material, price competitiveness, set up new business models, shipments via global supply networks, suffer losses

Korea likely to suffer losses of 15.5 trillion won ($13.3 billion) in its export of parts and materials over 10 years failing to join the Trans-Pacific Partnership agreement, a think tank said on Thursday.

According to the Korea Economic Research Institute report, Korea's exports of parts and materials to the United States are estimated to drop $11.3 billion in terms of added value, for 10 years after the TPP goes into effect, if the U.S.-led free trade agreement abolishes all import duties among its signatories.