Bangladesh Becomes China'S Shoe Production Base And Destination For Overseas Pfer.

According to the chairman of Meng export processing zone, the growth rate of foreign direct investment is obvious in the first few months of this year. One of the important reasons is that some of the footwear manufacturers in mainland China, Taiwan, China and Italy regard Bangladesh as a production base for overseas pfer.

When analyzing the reasons why these enterprises pferred the production base to Bangladesh, the chairman believed that the main factor was the sharp rise in wages in recent years in China and Southeast Asia, which led to the weakening of the competitiveness of footwear manufacturers, the anti-dumping of Chinese and Vietnamese footwear exports, the low price of Bangladesh labor, the geographical advantages of Bangladesh and South Asia and Southeast Asia, and the zero tariff treatment of Bangladesh entering the EU market.