What Are The Comparative Advantages Of Bangladesh?

The economic growth of China's labor-intensive industries has led to a rigid growth in labor demand. In recent years, labor shortage has appeared in many parts of China. As far as Guangdong is concerned, there are at least 2 million 500 thousand jobs left in the province. Other provinces such as Jiangsu, Zhejiang and Shandong are also facing the lack of qualified workers. Severe form 。 In fact, China is facing a limited supply of labor. On the other hand, China's labor cost advantage is weakening, especially in coastal areas, where labor costs continue to expand and rapidly reach the threshold of 1 US dollars per hour.

Bangladesh's clothing export destinations are mainly EU, USA, Japan, Australia, Canada and other countries, and the preferential treatment granted to Bangladesh is as follows:

(1) according to the EU's GSP and EBA system (except all weapons), Bangladesh enjoys free quotas and preferential tariff treatment in the EU market. Even in the post quota era, these preferential treatment will remain. This is the main advantage of the textile industry in Bangladesh than other competitors.

(2) Mencius textiles In 2004 and before, Canada, Norway, Japan, New Zealand and Australia received tariff free and quota free market access preferential treatment.

(3) in the US market, there are 30 categories of clothing products. Quota restriction It is much smaller than China's restricted products. In recent years, the Bangladesh government has been actively lobbying the United States to grant zero tariff entry to Bangladesh clothing (like the other 33 sub Saharan countries and the least developed countries in the Caribbean). According to the world population programme, the country has the largest population density in the world. Due to the influence of British colonial rule for a long time, English is more popular in the country.

Therefore, Meng has a surplus of labor resources with adequate English communication skills. Bangladesh has a relatively low level of economic development, and its labour force is relatively cheap, and its wages are highly competitive. (Mencius stipulates that the minimum wage for textile enterprises is 1662 Taka, or about 180 yuan), which is one of the key factors for the Meng market to attract a lot of foreign investment.

About 44% of Bangladesh woven garments are exported to the European Union, about 49% of which are exported to the United States, and the rest are mainly exported to Japan, Canada and Australia. The rest of the world accounts for only about 1.6% of its total exports. About 59% of its exported knitted garments are exported to the European Union, about 34% to the United States, and the rest are mainly exported to Japan, Canada and Australia. Other countries in the world only account for about 1.8%. of their total exports.

The main export markets of China's textiles are the European Union, the United States and Japan, which account for more than 40% of the total textile exports in China. Obviously, Bangladesh's textile export market is similar to that of China.