“Accordingly, China’s competitiveness is declining and global buyers to Bangladesh that helped local exporters in bagging enhanced rate of export orders. Reputation in producing high quality but low cost garments helped Bangladesh to gain buyers. ..Moreover, available official data shows that garments export marked a significant
rise of 30 % ($644.9 million) during the first quarter of the
ongoing fiscal compared to the same period of the last fiscal. ..
Bangladesh fetched $3971.52 million from the shipments of readymade
garments (RMG), while it was $3030.76 million in the same period of the
previous fiscal.Meanwhile, in a bid to execute import orders many of
the global reputed retailers have already opened their buying offices
in Dhaka”
Date:11/1/2010
Source:www.chinaknowledge.com