Analysis Of Advantages And Disadvantages Of Bangladesh'S Textile Industry

Because of its long history of textile industry and the rational and orderly development strategy of textile industry, Bangladesh is becoming an increasingly big textile country in Asia.

Textile industry is one of the main manufacturing industries in Bangladesh, and it is one of the pillar industries in Bangladesh.

There are more than 4000 textile and garment processing enterprises in the Department of Meng, and about 4800000 of the upstream and downstream employees.

The rise and fall of the textile industry has a direct impact on the employment situation, stability, poverty alleviation and even the development of the national economy in Bangladesh.

Affected by the appreciation of the renminbi, quota restrictions, various tariffs and trade barriers, China's textile enterprises have gone abroad to invest in factories in Africa, Southeast America and some other Asian countries in order to achieve the goal of "avoiding obstacles and exporting curves".

To help our enterprises understand the Bangladesh market better, I think it is necessary to further analyze the advantages and disadvantages of our investment in Bangladesh's textile industry. I hope this article can provide some references for my textile enterprises to "go out".

(1) the Chinese government's support for the "going out" of textile enterprises and the positive attitude of the Bangladesh government to attract investment.

The Chinese government has attached great importance to the "going out" of enterprises for many years, especially to actively guide and promote the foreign investment of textile enterprises. Therefore, a series of policies have been formulated by the state.

The following are briefly introduced:

It mainly involves 5 aspects: investment facilitation measures, promoting banks to provide loans support for textile enterprises to "go out" first, physical investment to enjoy export tax rebates under general trade, foreign exchange support, and full discount on state loans to enterprises in domestic banks to obtain (non preferential) RMB medium and long-term loans and foreign exchange loans, and interest discount is calculated according to the actual loan period, the longest not more than 3 years.

There are three support directions: first, direct subsidy for the initial cost of foreign economic and technological cooperation enterprises.

For overseas investment of textile enterprises, the previous cost refers to the related expenses before the enterprises registered abroad in the country where the project is located, including the establishment of the feasibility study report, the technical and business consulting fees, and the ratio of the subsidy fees shall not exceed 50% of the actual payment paid by the enterprises in principle. Two is the discount support for the medium and long-term loans of the enterprise banks for no more than 5 years.

The three is to subsidize the overseas operation expenses of enterprises.

In July 26th, the Ministry of finance, the national development and Reform Commission and the Ministry of Commerce jointly issued the notice on promoting China's textile industry to pform its foreign trade growth mode and supporting the textile enterprises' "going out" related policies.

Support for the construction of overseas textile industrial parks, mainly including the formulation of special policies for loan discount in the construction of parks, special subsidies for the leveling land, special workshop and public service facilities provided by the park construction enterprises for the enterprises in the park, giving subsidies to the park construction enterprises to provide services for the textile enterprises in the park, and guiding the cluster entry of the textile enterprises.

Support strong textile enterprises to "go out" and invest overseas to set up factories to diversify their origin.

It is important to encourage the textile and garment enterprises with matching bases to enter the overseas textile industrial park to invest and run factories.

Funding for enterprise R & D, consulting services, feasibility study and project evaluation, intellectual property protection, and related initial costs related to "going out" will help to reduce investment costs of textile enterprises.

Appropriate financing can be provided for enterprises to set up marketing networks overseas.

At the same time, the intermediary organizations and leading enterprises that provide organizational coordination and promotion services for textile enterprises should be properly supported.

During the Embassy's work, we often accepted many domestic enterprises' consultation.

During the conversation, we found that for the first time to visit Bangladesh, the impression of Bangladesh was mostly an undeveloped country with political turmoil, insecure public order, frequent explosions and natural disasters plagued by natural disasters, and they had doubts about choosing to invest in such a country.

It needs to be pointed out that the political situation in Bangladesh has always been turbulent, and that the ruling party and the opposition parties are struggling fiercely, but this has little impact on foreign investors.

Bangladesh's domestic resources are scarce, its agricultural development level is limited, and its industrial production is relatively backward. The government believes that attracting foreign investment can improve the production level of domestic related industries and solve the employment problem of the huge surplus labor force in China, so as to achieve the goal of developing the national economy and improving the living conditions of the people.

Under this background, no matter which party came to power, no matter how much it attracts investment.

They strive to improve the investment environment and pay attention to the protection of investors' life and property safety.

In fact, foreign citizens who invest in Bangladesh rarely hear that their lives and property have been threatened.

(1) legal basis: in order to protect the interests of investors, Meng has promulgated the following laws:

The Foreign Private Investment (Promotional & Protection) Act-1980, I / 1980

II. 1980 Bangladesh Export Processing Zone Act (The Bangladesh Export Processing Zones Authority Act 1980)

III. The Investment Board act-1989 (1989)

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