Meng Textile And Garment Exports Grew Rapidly

Because nearly two governments have advocated the implementation of the market economy, privatization policy, improving the investment environment and actively creating export processing zones, attracting a large number of foreign investment, the competitiveness of textile and clothing products in the international market has also been continuously improved.

With the development of textile and garment industry, its industrial development has the following characteristics:

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Support is strong.

The government has actively guided foreign investment in the textile and garment industry, and has not only promulgated the investment law of foreign private enterprises,

"A series of laws ensure the interests of foreign investment, but also set up export processing trade zones.

Export processing enterprises invested in export processing zones can enjoy 10 years' tax exemption.

Moreover, foreign textile and garment enterprises can also enjoy preferential treatment for export, including barrier free imports, tariff free and profit taking.

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And various preferential policies have successfully attracted a large number of overseas investors to invest and build factories in Bangladesh, which has greatly promoted the development of Bangladesh's textile and garment industry.

The two is the large scale of industry.

After many years of development, Bangladesh's textile and apparel industry has already reached a considerable scale.

At present, there are more than 500 enterprises with more than 1000 people, and the largest textile and garment factories have 150 thousand people.

The factory has advanced facilities, standardized management and high production efficiency.

The world-famous clothing enterprises have set up factories in Bangladesh, such as Zara, HM and so on.

The company has perfect product testing equipment and strictly implements the international quality inspection standards, which is in line with the international market.

The three is the advanced production equipment of textile and garment industry.

Bangladesh's textile and garment industry has advanced production equipment and high processing technology.

At present, Meng textile and garment industry has many kinds of processing technology, such as water washing, tie dyeing, hanging dyeing, snowflake washing and so on, and can undertake the processing of all kinds of clothing products.

But textile machinery is mainly dependent on imports. Many spinning mills, such as spinning frames, blowing combs, combing machines, drawing frames, roving machines, Winder and some chemical fiber equipment, are produced in Germany and Japan.

As the most important industrial industry, the textile and garment industry has a direct bearing on the economic and social development of Bangladesh, and has been strongly supported by the Meng government.

With the continuous improvement of the Meng market system, the continuous improvement of technology level and the continuous development of overseas markets, the future development trend of Meng textile and garment industry is as follows:

One is that the rate of self-sufficiency in raw materials will be expected to increase.

The current cotton production in Bangladesh can only meet the needs of its own 2%-3%.

Bangladesh textile association data show that Meng needs to import 4 million bales of cotton each year, and about 400 pounds of cotton per bundle is used for weaving.

Recently, Meng is developing a new type of cotton, the new cotton fiber length of 25-30 millimeters, the fiber quality is uniform and easy to dye.

If the cotton cultivation area reaches 2 million hectares, it will be able to meet 50% domestic cotton demand in 2021.

With the development of new cotton varieties, the self-sufficiency rate of cotton in the textile and garment industry in the future will be improved.

Two, the demand for sewing machinery will continue to rise.

In the general trend of the global sewing machinery industry's year-on-year decline, Bangladesh's market has sprung up, and the demand for sewing equipment has been increasing. In 2012 1-9, the amount of sewing machinery products exported to Bangladesh exceeded 40 million US dollars; in 2012 1-11, Japan exported Bangladesh sewing machinery products to 5 million 10 thousand dollars, up 10.81% over the same period last year.

These data indicate that Bangladesh has great potential for sewing machinery.

The three is the rapid growth of garment export.

As a pillar industry in Bangladesh, the government of Bangladesh has been actively seeking various channels to expand its market share in the world.

The traditional textile and clothing export countries are mainly EU, USA, Japan, Australia, Canada and so on.

In recent years, with the diversification of products and markets, Meng's exports to Japan, China, Russia, Latin America and Africa have shown an increasing trend.

The policy of "moving eastward" actively implemented by the government of Mencius will also make the market share of textile and garment products in East Asia and Southeast Asia expected to further expand, and the export growth momentum will be swift and violent in the future.