Related Keywords: Bangladesh garment exports, by government of China and Japan, duty benefits on woven garment, fast-expanding middle class population, garment exports soared, governments financial incentive for new markets, promising Asian market, relaxation of the rules of origin, seen eleven new destination, stimulus package, Two new markets China and Japan
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.
