Bangladesh targets bigger share of Japan's apparel market with new export push
Bangladesh, Sept. 23 -- Bangladesh is rolling out special measures to expand its apparel market in Japan as garment exports to the East Asian country continue to grow.
With local manufacturers already surpassing the $1.0-billion mark in exports to Japan in recent years, the industry is now aiming to capture a larger share of Japan's nearly $25 billion annual garment import market, industry insiders said on Tuesday.
According to the International Trade Centre (ITC) and TexPro, Bangladesh currently accounts for only 5.5-5.6 per cent of Japan's apparel imports, leaving significant scope for further expansion.
To facilitate this expansion, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is set to open a dedicated 'J...
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