UK export could hit $10b if Bangladesh doubles market share to 1%: Experts push for diversification
Dhaka, Oct. 14 -- Bangladesh's exports to the United Kingdom could rise to USD 10 billion if its share of the UK import market increases from the current 0.49 percent to 1 percent, speakers said at a workshop today, urging exporters to diversify beyond ready-made garments (RMG), meet international standards and make better use of tariff preferences.
The Export Promotion Bureau (EPB) organised the workshop, titled "Exporting to the UK: Opportunities Beyond RMG," in association with the Dhaka Chamber of Commerce & Industry (DCCI) and the British High Commission in Bangladesh at the DCCI Auditorium.
Speakers said non-RMG products account for only about 6 percent of Bangladesh's merchandise exports to the UK, despite strong demand there for...
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