The RMG exporters today said that Bangladesh is gradually replacing
China as a major exporter of cheap readymade garment as the developed
countries are yet to recover from the global recession.

country’s RMG sector was mostly dependent on the buyers from America
and the European countries. But our market is now expanding to Japan
and other countries. They are showing more interest on our cheap
garments,” BGMEA first vice president Nasir Uddin told the media ..He
said, the economic recession could not harm our RMG export so much as
was feared because the recession compelled the buyers to opt for
cheaper garments from countries like Bangladesh instead of China ..”The export of readymade garments fell in the middle of 2009 but it turned around by the end of December,” Nasir said ..The
BGMEA leaders were addressing a press conference at a hotel in the city
on the occasion of Chittagong Apparel, Fabrics & Accessories
Exposition (CAPAXPO) 2010 .”a href=”http://www.thefinancialexpress-bd.com/more.php?news_id=91406″>.”/a>.