Dhaka, Bangladesh (BBN)– Bangladesh has made a significant progress in readymade garments (RMG) export to global market, particularly the USA and European market, ensuring its position ahead of India and Pakistan.
Market expansion in South Korea, Japan, South Africa and China apart from key RMG export market — the USA and European Union – has played a role in marking the progress.
“We’re ahead of India and Pakistan in terms of RMG export,” Commerce
Minister GM Quader told Parliament on Wednesday while responding a starred question of Begum Sanjida Khanam (Dhaka-8).
The minister said Bangladesh’s market in the 27 EU countries, apart from the USA, Japan, Canada and Turkey, has expanded more than that of India and Pakistan.
Providing statistics, he also said Bangladesh earned US$ 19559.08 million by exporting RMG to those countries in 2011, while India $10252.59 million and Pakistan $ 3746.30 million.
Bangladesh had earned $19089.73 million through exporting RMG during 2011-2012 against US$ 13736.76 and US$ 4078.81 million achieved by India and Pakistan respectively, the minister added.
The statistics showed that Bangladesh’s export income is 139 percent higher than India and 468 percent than Pakistan.
BBN/SSR/AD-21Nov12-11:23 pm (BST)