Bangladesh'S Clothing Exports To The United States Dropped By US $43 Million.

Bangladesh garment manufacturing and Exit The latest statistics of BGMEA show that in the first four months of the current fiscal year (2011 7-10 months), Bangladesh's clothing exports to the United States amounted to US $1 billion 480 million, a decrease of 43 million US dollars over the same period last year of 1 billion 630 million US dollars. This is mainly due to the decline in orders for underwear.

In the face of economic recession and debt crisis, retail sales of consumer products in the United States and the European Union declined in the two major export markets of Bangladesh. In addition, the United States and Europe are in the field of clothing products. Purchase The atrophy of the force has deteriorated the cotton department again, and the cotton yarn Department has been hit by low prices.

Industrial experts in Bangladesh suggest that the Bangladesh government should proactively promote tariff free and tax free exportation to the United States, which will help expand bilateral trade. Besides, they expect that the coming Christmas will be able. stimulate The desire of American consumers for shopping.