CPD RMG Study Stitching a better future for Bangladesh
Published in the Financial Express on 4, June 2017
Bangladesh is the fourth largest exporter of clothing to the member countries of the Organisation of Islamic Cooperation (OIC), according to a report prepared by the answer company of Thomson Reuters.
The report titled State of the Global Islamic Economy Report 2016-17 showed that Bangladeshi clothing export to the OIC countries stood at $1.34 billion in 2015.
China exported highest amount of clothing to the OIC countries in 2015 with the value of $21.92 billion –half of the OIC countries’ clothing imports.
India is the second largest exporter ($5.58 billion) followed by Turkey (2.64 billion) in the year under review.
The report is prepared with the assistance of Dinar Standard, a growth strategy research and advisory firm based in New York. The project is supported by Dubai.
Bangladesh is, however, the third largest global exporter after China and the European Union (EU).
According to the World Trade Organisation (WTO), the share of Bangladeshi apparel in the world export market stood at 5.9 per cent in 2015.
