/Finance Bangladesh’s garment exports to China surge

According to the “Daily Star” report on July 21, data recently released by the Export Promotion Bureau of Bangladesh (EPB) showed that Bangladesh’s garment exports to China in the 2015/16 fiscal year were US$340 million, a year-on-year increase of 11.9%. , one of the reasons is that China has relaxed its origin standards for Bangladesh. China currently applies zero-tariff treatment to 4,721 products from Bangladesh. China is the world’s largest clothing producer, but it mainly supplies high-end products to Western countries and its own demand is growing rapidly. Bangladesh is seizing the Chinese clothing market.
In recent years, in addition to traditional export markets such as the European Union, the United States, and Canada, Bangladesh has also actively expanded into emerging markets such as China and Japan. In the 2015/16 fiscal year, Bangladesh’s apparel exports to Japan were US$770 million, a year-on-year increase of 18.68%. Bangladesh’s garment exports to China increased significantly in the 2015/16 fiscal year