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HomeNews & ViewsBusiness FocusBangladesh is focusing China on export

Bangladesh is focusing China on export

Bangladesh's Prime Minister Sheikh Hasina, left, shakes hands with Chinese President Xi Jinping at the Great Hall of the People in Beijing on Tuesday, June 10, 2014. (AP Photo/Wang Zhao, Pool)

Bangladesh is focusing on exports to China especially since China is shifting from production of basic products to high-end and high-tech items and meeting domestic demand for basic products through imports. Bangladesh’s readymade garment exports to China in the July-March FY17 period grew 27.11 per cent compared to the same period of FY16. The country’s exports to China in the nine months of FY17 were 32.06 per cent higher than earnings in the same period of FY16.

Bangladesh’s garment exports to India in the nine months of FY17 fell by 7.85 per cent compared to the same period of FY16. Bangladesh’s exporters face various technical barriers in India regarding testing facility of products at the border, complexities in registration requirement, product specification and border specification. Other factors are payment procedures and devaluation of the Indian currency.

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