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China delegation advises exporters to explore Chinese market PDF Print E-mail
Thursday, 13 March 2008

Staff Correspondent

Businessmen from China, which has been grabbing shares of Bangladesh’s and other players in global apparel export market, this time advises Bangladeshi exporters to search for market opportunities in China.

The Chinese businessmen has also agreed that they would partner Bangladeshis providing technical and marketing supports for gaining markets in China and elsewhere.

‘The domestic apparel market in China is increasing at round 28 per cent annually. So, being top competitive suppliers, Bangladeshi garment exporters can earn shares in the lucrative market,’ said Cao Xin Yu, vice-chairman of the China Chamber of Commerce and Industry for Import and Export of Textile.

The Chinese business delegation, during a meeting withy the Dhaka Chamber of Commerce and Industry in the morning, argued that not only in garments, Bangladeshi exporters could explore market in China for diversified products. Presiding over the meeting, DCCI vice-president Salahuddin Abdullah said Bangladesh could be a lucrative investment destination for the Chinese entrepreneurs.

The Chinese businessmen agreed that sharply increasing wages in China might force many of the Chinese entrepreneurs to search low-cost locations in the future. Yu, who is an exporter of fabrics, led his delegation at a meeting with leaders of the Bangladesh Garment Manufacturers and Exporters Association in the afternoon.

‘If you want, my organisation will help Bangladeshi garment exporters in exploring market in China,’ Yu was quoted to be said in the meeting. Leader of the Chinese textile manufacturers also said they would provide Bangladesh’s garment industries technical supports, assisting in human resources development and supplying raw-materials.

Cao also invited Bangladeshi garment exporters to showcase their products at the Australian Textile and Apparel Exposition arranged by Chinese in Melbourne. The BGMEA president, Anwar Ul Alam Chowdhury Parvez, said with Bangladeshi exporters markets in EU and the USA are threatened by elimination of quota system benefiting China.

He invited Chinese entrepreneurs to invest in backward linkage industries to smooth supply of raw materials to Bangladesh apparel exporters who depend on imports especially for raw materials for woven garments. China is the largest trading partner of Bangladesh which sources consumer goods and industrial raw-materials for local industries concentrating both domestic and export market.

Bangladesh’s import from China annually amounts at around $3 billion while exports total at less than $200 million. Expanding Chinese market shares in Global Apparel Market keep Bangladeshi garment exporters panicked. With no other significant industrial sector, garment industry, the BGMEA leaders said, in Bangladesh employ 2.4 million and earn 76 per cent of the country’s export earnings amounting $ 9.2 billion annually.

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