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Prospects for the textile and clothing industry in Bangladesh

机译:孟加拉国纺织服装业的前景

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The textile and clothing industry in Bangladesh has contributed greatly to the country's economic development and to its status as one of Asia's fastest growing economies.It constitutes by far the most important industrial activity in the country,and it fulfils a vital role as a source of foreign exchange and as an employer.In 2017/18 it provided direct employment for 5.9 mn people,of whom 1.9 mn were in the textile industry and 4.0 mn in clothing.Textile and clothing exports were worth US$31.85 bn in 2017/18,which represented 88.0% of the country's overall exports.Clothing exports alone accounted for 96.1% of the 2017/18 figure for textiles and clothing and in 2017 Bangladesh was the world's second largest clothing exporter.The industry's development has been aided by policies pursued by successive governments aimed at encouraging foreign direct investment(FDI)and allowing private enterprise to take the leading role.Governments have also aimed to promote a business-friendly environment and not impose any barriers to trade and development.The industry benefits in addition from a number of other advantages,including: cheap labour;a vertically integrated supply chain;duty-free access to the Australian,Canadian and EU import markets;preferential duty rates in a number of other major import markets;and strong investor support from a number of major clothing brands,including Gap,H&M,Levi's and Zara,as demonstrated by the initiatives that were established and the subsequent work which has been carried out to improve building safety in the country following the Rana Plaza tragedy in April 2013. The industry has set an ambitious export target of US$50 bnfor the country's 2020/21 financial year in clothing alone.However,in order to reach this target,the industry will have to overcome a number of hurdles-such as ensuring occupational safety and regulatory compliance,and establishing and protecting labour rights.At the same time,a number of other factors could also affect export growth,including: unreliable gas and electricity supplies;inefficient transportation routes and port services;changes in market demand;currency fluctuations;tightening margins;and an over-reliance on foreign expertise.Looking further ahead,Bangladesh is set to graduate from its current status as a least developed country(LDC)to become a middle income country in 2021.If this were to occur,in 2024-following a three-year transition period-imports into a number of major markets from the country would become subject to additional tariffs averaging 6.7%.This could,in turn,result in an annual loss in export earnings of US$2.7 bn.
机译:孟加拉国的纺织和服装行业为该国的经济发展提供了极大的贡献,以及其作为亚洲增长最快的经济体之一的地位。它在迄今为止是该国最重要的工业活动,而且它符合一个重要的作用外汇和作为雇主作为雇主。2017/18在纺织工业中提供了5.9毫米的直接就业,其中1.9米在纺织工业中,3.0米的服装。2017年/ 18年薄荷和服装出口价值31.85亿美元占全国总体出口的88.0%。仅占纺织和服装2017/18图96.1%的出口,而2017年孟加拉国是全球第二大服装出口国。该行业的发展得到了连续政府追求的政策。旨在鼓励外国直接投资(FDI)并允许私营企业参加主导作用。政府也旨在推动商业型环境T而不施加任何贸易和发展的障碍。由于许多其他优势,包括:廉价劳动力;一种垂直整合的供应链;免税访问澳大利亚,加拿大和欧盟进口市场;优惠一些其他主要进口市场的利率;以及强大的投资者支持许多主要服装品牌,包括差距,H&M,Levi和Zara,如设立的倡议和随后的工作所展示在2013年4月的Rana Plaza悲剧之后的国家建设安全。该行业居住在全国2020/21财政年度的雄心勃勃的出口目标。然而,为了达到这个目标,该行业将有克服许多障碍 - 例如确保职业安全和监管合规性,建立和保护劳动权。同时,一些其他因素也可能影响世博会RT增长,包括:不可靠的气体和电力供应;效率低下的运输路线和港口服务;市场需求的变化;货币波动;收紧边缘;并依赖外国专业知识。孟加拉国进一步依赖于此作为最不发达国家(LDC)的地位成为2021年的中等收入国家。如果发生这种情况,在2024年 - 三年过渡期 - 进口到来自该国的一些主要市场将成为额外的税率平均为6.7%。这反过来可能导致每年损失为2.7美元的出口收益。

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