Bangladesh Increased Investment In Footwear, Shishi Footwear Increased Exports

In the first half of 2012, Shishi Office of Quanzhou entry exit inspection and Quarantine Bureau examined the 598 and 46 million 739 thousand US exports of ASEAN light textile products, which increased by 1.7 times and 3.1 times respectively compared with that of the previous year. Among them, the 382 batch and 34 million 566 thousand US dollars exported to Philippines increased by 4.3 times and 4.2 times compared with the same period last year, accounting for nearly 70% of the total value of ASEAN exports.

It is an important trade partner of China. Compared with the developed countries and regions such as Europe and America, it has the advantages of policy support, preferential tariff, convenient pportation, large market potential, relatively large competitive power and low export risk.

Since the establishment of the China ASEAN Free Trade Area (CAFTA), China and ASEAN 10 countries have opened the market to each other, and the economic exchanges have been active. The benefits from the zero tariff preferential policy have also prompted Shishi enterprises to seize opportunities and actively explore the market.

Shishi exports to ASEAN products to textiles and clothing,

Toys, disposable hygiene products are all strong lions.

This year, in the context of the European debt crisis, ASEAN's hedging advantages have been fully reflected, especially as a haven for Shishi textile export enterprises.

According to the Board of Investment (BOI) statistics, the end of the 2011-2012 accounting year, both domestic and foreign investment cases have grown quite well, with a percentage of 25%.

BOI said that no matter at home and abroad, in the 2011-2012 fiscal year, a total of 1735 investors invested or made investment cases, with a total value of $6 billion 521 million, while the total value of the 2010-2011 fiscal year was $5 billion 183 million.

The 405 companies, including the newly established and newly invested companies, invested $339 million 260 thousand in the Export Processing Zone (EPZ) in Bangladesh, while the other 54 from Bangladesh and foreign capital signed the lease agreement with the Bangladesh export processing authority (Bangladesh Export Processing Zones Authority), with a total investment of 640 million US dollars.

In these investment cases, some of them are high-tech related production. The products in general include cars, mobile phones, industrial air conditioners, household appliances, jewelry, fabrics, etc.

And cables and wires.

Japan's TOYOTA and South Korea's Samsung and Daewoo also expressed their intention to invest in Bangladesh and will study their feasibility.