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Bangladesh garment exports to US on the rise
Publication Date : 10-08-2012
Garment exports from Bangladesh to the United States, the country's single largest market, marked a rise.
“Exports to the US increased as its economy is on the rebound,” said Shafiul Islam Mohiuddin, president of Bangladesh Garment Manufacturers and Exporters Association.
Exports rose 2.32 per cent to US$2.21 billion in the first five months this year from the same period a year ago, showed data of the Export Promotion Bureau.
Full-year exports to the US were $4.88 billion in 2011, a 13.75 per cent increase from the previous year.
“The exports to the US will increase as long as we are competitive,” said an optimistic Mohiuddin, adding that RMG exports from Cambodia and Vietnam to the US are increasing faster than Bangladesh's.
However, a petition by an American labour rights body for termination of preferential treatment for Bangladeshi products for breach of labour laws, along with the death of labour leader Aminul Islam in April this year, may put a damper on exports to the US in future.