Garment makers in Bangladesh are overjoyed over the rise in exports, and are expecting a robust growth this year as well, owing to the continuing political stability in the region.
There has been a recent shift in work orders from China to Bangladesh, owing to China’s sluggish economy and higher cost of production to Bangladesh. According to the Export Promotion Bureau reports, exports have grown significantly in the past three months, compared to the same period a year ago. Apparel exports in December rose 14.56 per cent year-on-year to $2.67 billion, in November by 14.74 per cent to $2.22 billion, and in October 18.40 per cent to $1.79 billion.
“Exports are on an upward curve due to an improved economic situation in major export markets. Another important factor is political stability at home,” said Faruque Hassan, Vice-President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Another reason
The post Bangladesh exports rise amid political stability appeared first on Apparel Resources