Bangladesh Clothing Manufacturers Aim At A Huge Share Of India's Textile Market.
India expands 46 species in Bangladesh product The decision to import tax exempt can create a "game change" in the trade relations between India and Bangladesh. Local manufacturers say they can raise their clothing exports to India by 5 billion US dollars in 5 years.
Bangladesh clothing manufacturers say India's unilateral tariff cancellation is the best thing for Bangladesh's exports, because Bangladesh has a competitive advantage in these 46 apparel items, and the 46 garment products expect positive results from India's decision.
However, Bangladesh's clothing manufacturers are cautious about the momentum of the India lobbying lobby. India's textile lobby group may overthrow the government's decision, because in India, textile manufacturers provide major employment and lobbying organizations can force New Delhi to adopt trade restrictive protective measures against Bangladesh's clothing.
The India Textile Federation has applied to the government to warn the government that the stimulus may affect the fate of 35 million India textile workers and the fate of a large number of small and medium-sized garment factories.
Previously, Bangladesh could export 10 million pieces of tax to India every year. clothing 。 This is the annual output of a medium-sized garment factory in Bangladesh.
Bangladesh clothing manufacturers and Exporters Association said Bangladesh's clothing exports to India amounted to US $35 million in fiscal year 2010-11, while Bangladesh's total exports amounted to US $19 billion. This amount accounts for only 0.0013% of India's 28 billion garment market share.
China textile net
India allows duty-free entry to Bangladesh's clothing product They include shorts, shirts, blouses, skirts, children's wear, cotton pajamas, jeans, swimsuits and sports coats.
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