Bangladesh ranks 4th largest clothing exporter in world
Bangladesh has been ranked as the fourth largest exporter of clothing with a 3 percent share of the global market by the world body World Trade Organization (WTO), Vice-president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan said on Wednesday.
Hassan made the remarks while speaking to the members of Overseas Correspondents of Bangladesh (OCAB at the office of BGMEA.
Hassan said the ready-made garment industry in Bangladesh, with 30 years of experience, has turned into sourcing hub in the global market and demonstrated a spectacular growth in export over the past two decades.
He said Bangladesh is the largest exporter of cotton T-shirts and second largest exporter of cotton pullover and jeans for the European Union and the second largest exporter of cotton trousers to the United States by volume.
The BGMEA vice-president said although the low cost production of clothing is still an important competitive edge for Bangladesh, the increasing competition in the global apparel market has caused manufacturers to produce quality products, increase the commitment with buyers and social responsibility in factories, which have made Bangladesh a reliable option in the global supply of clothing.
At present, there are about 5,000 garment factories in Bangladesh and over two million workers are employed in the sector, 90 percent of them are women.
Bangladesh ranks 4th largest clothing exporter in world - GlobalTimes