Bangladesh: Growth To Slow Exports Of Clothing

In Bangladesh, local time March 13th, according to statistics, in the first eight months of the current fiscal year (since July 1, 2011), Bangladesh clothing Exports showed a positive growth trend. However, because of the country Exit The EU has tightened its fiscal policy and its export growth has slowed.

It is reported that during the period from last July to February this year, knitting Clothing exports amounted to US $6 billion 290 million, an increase of 8.73% over the same period last year, far less than the 43.93% growth in the same period last fiscal year. The export volume of woven garments was $6 billion 260 million, an increase of 22.2% over the same period last year, while the growth rate for the same period last year was 37.95%.

Relevant experts say that despite the fact that Bangladesh has clothing Exports have maintained a positive growth momentum, but the EU's fiscal tightening policy is bound to hinder the profits of Bangladesh exporters. In addition, due to the serious impact of the natural gas crisis on domestic enterprises, it is still uncertain whether the garment industry can achieve the export target of US $20 billion 300 million in fiscal year 2011-12. The experts suggest that in order to cope with the current situation, it is necessary for the government to improve the efficiency of domestic workers and improve the infrastructure construction of the country. In addition, in order to reduce the negative impact of the EU's economic recession, domestic enterprises should reduce production costs and actively explore new markets to reduce dependence on traditional markets.