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2010 Bangladesh Shoes Exports To China Enjoy Zero Tariff Treatment

2010/8/2 11:54:00 70

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Beginning in July 1st,

The People's Republic of Bangladesh

4721 kinds of export commodities such as leather and footwear exported to China enjoy zero tariff treatment.

An unnamed insider told the daily economic news that Bangladesh has begun to produce international famous first-line brand leather products, and it is increasing year by year. China is the largest market of East Asian exports in Bangladesh. After the implementation of zero tariff, it will have an impact on China's sportswear and leather and other footwear products.

It is understood that Bangladesh's leather has a good reputation in the international market due to its excellent quality.

Leather and its products earn more than US $200 million per year for Bangladesh. It is the fourth largest export commodity in Bangladesh besides textiles, clothing, frozen food and jute and products.

The leather industry also plays an important role in the national economy of Bangladesh.

According to the insiders, as Adidas, Nike and other international famous brands have procurement channels for their factories in Bangladesh, Bangladesh's manufacturing costs such as manpower are lower than those of China, and many international

First-line brand

All the procurement channels will turn from China to Bangladesh, and Bangladesh will impose a zero tariff on China's exports, and internationally renowned first-line brands are likely to increase the share of procurement in Bangladesh, making China's world-class brand representative factory facing challenges.

According to the data provided by the business office of the Embassy of China in Bangladesh, the trade volume between China and Bangladesh in 2009 was US $4 billion 582 million, of which China's exports to Bangladesh amounted to US $4 billion 441 million and imports amounted to US $141 million.

The daily economic news reporter learned that, thanks to Bangladesh's

Leather products

Exports to Europe and the United States are low tariffs or zero tariffs, and China's exports to these countries will be charged 16.5% anti-dumping duty. Bangladesh is undoubtedly better than the mainland in terms of cost. After domestic shoe companies have changed their leather products to non leather shoes, Bangladesh will undoubtedly win huge export opportunities.

Insiders said that in the past, Bangladesh's leather industry was also regarded as a symbol of low price products in the hearts of European and American buyers. In recent years, especially after the introduction of the famous international brands into Bangladesh, the image of "low price products" is changing slowly.

"This will bring impact to China's sportswear and export footwear industry."

According to the introduction, the garment export industry in Bangladesh is the most foreign exchange industry in the country.

In the 2008~2009 fiscal year July 2008 (June 2009 to June 2009), foreign exchange earnings from garment exports amounted to US $12 billion 300 million, accounting for 79% of total foreign exchange earnings.

Insiders say that China's leather clothing and footwear enterprises should avoid EU anti-dumping duties, and one way to avoid losses is to re export from Bangladesh.

Regarding this, the relevant person in charge of AOKANG Footwear Company told the daily economic news reporter that their company has no export business with Bangladesh in leather at present. "Unless some specialized middlemen are exporting, they may take this approach."