Export Deals

Bangladesh exports plunged by around 12 percent in the first quarter of the fiscal year as a delayed impact of the global recession routed the country's garment sector, the government said Monday. Officials described the drop as a "major upset" for the country's key economic lever, and industry leaders said the fall was the worst quarterly decline in a decade. Figures released by the government's Export Promotion Bureau (EPB) showed the country exported merchandise worth 3.87 billion dollars between July and September, down 11.66 percent from the same period last year. September exports declined by around 28 percent from a year earlier, the steepest ... Read Full Story

http://www.newagebd.com/2009/nov/08/busi.html#1 RMG sets to avoid recession impact Kazi Azizul Islam As feared by some quarters, the impact of global recession on Bangladeshi garment industry may not linger for long as the local manufacturers are now presenting diversified products resulting in fresh orders in recent weeks. In terms of price competitiveness, Bangladeshi exporters still remain number one in the world. Importers from across the world were found enthusiastic about the Bangladeshi products at Bangladesh Knitwear Exhibition and BATEXPO — two major annual expos showcasing local garment and textile products. Visiting both the exhibitions, it was found that be it knitwear or cut and sew woven ... Read Full Story

http://www.thedailystar.net/newDesign/news-details.php?nid=113081 Foreign apparel makers plan relocation to Bangladesh BATEXPO ends amid warm response from buyers Refayet Ullah Mirdha Foreign buyers see Bangladesh as a lucrative destination for global apparel outsourcing as the country manufactures quality items at a cheap cost. Many entrepreneurs now plan either relocation of their factories or venturing into joint business here, they said while narrating their experience as participants in the 20th BATEXPO in Dhaka. The annual largest apparel exhibition concluded yesterday. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) organised the three-day fair. A total of 62 companies from home and abroad participated in 86 stalls. Talking to The Daily ... Read Full Story

http://nation.ittefaq.com/issues/2009/11/08/news0921.htm BATEXPO ends receiving huge export orders Staff Reporter The annual three-day Bangladesh Apparel and Textile Exposition (BATEXPO) 2009, organised by the Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA) which concluded yesterday received huge spot order. The number of foreign buyers was higher than expected, BGMEA president Abdus Salam Murshedy told The New Nation late last evening. On the concluding day different garment manufacturers received award for excellence in respective fields. Earlier, on Friday Leader of the Opposition in the parliament Begum Khaleda Zia was present in the formal closing ceremony of the exposition at Pan Pacific Sonargaon hotel. The event began on Thursday ... Read Full Story

http://www.thefinancialexpress-bd.com/2009/11/05/83424.html BKMEA eyes markets in East Asia, South Africa, LatAm Mehdi Musharraf Bhuiyan After years of EU-American duopoly in the apparel export market, knitwear manufacturers are eyeing the untapped destinations of East Asia, Southern Africa and Latin America; as the country’s largest foreign exchange earners have felt the pinch of the fallout from the recent global recession. During the three-day long Knitwear Expo currently being held in the city, leaders in the local knitwear industry are targeting buyers from Japan, South Korea, South Africa and various South American countries, a notion that signals the shift from the transatlantic dependence of the local apparel sector. ... Read Full Story