13 Bangladeshi knit, leather makers in Fashion World Tokyo 2019
A moment from the seminar on ‘The future of Bangladesh’s apparel sector in Japanese market’. Photo Courtesy: UNB
Bangladesh’s knitwear manufacturers are participating in this year’s Fashion World Tokyo 2019 with hopes of expanding apparel trade with the highly potential export destination – Japan.
A total of 13 knitwear and leather manufacturers are participating in the exhibit that kicked off on March 27, 2019 and will continue upto March 29 at Big Sight, Tokyo, Japan, says a press release of Bangladesh’s embassy in Japan.
Arranged by Bangladesh Export Promotion Bureau and the embassy, the exhibition is expected to bridge and build business relationships between the businesses of both countries.
“Bangladesh’s knitwear manufacturers are showcasing their value-added products to Japanese businesses in the show,” Robab Fatima, Bangladesh’s ambassador to Japan, said. “We hope, this exhibit will expand Bangladesh’s exports to Japan and contribute to an overall business relationship between the two countries.”
She was speaking at a seminar on ‘The future of Bangladesh’s apparel sector in Japanese market’ held after the inaugural session of the fair. Almost 130 Japanese business professionals attended the seminar where speakers discussed about the ideal investment climate of Bangladesh and the package of incentives it is now offering to foreign investors.
The speakers discussed the prospect of Bangladesh’s apparel industry and called upon the investors to consider the ideal conditions of Bangladesh for investment.
Among others, the seminar was attended by Yasujiro Miake, director Japan’s ministry of trade and industry, Unido’s Commerce Development Officer Yikue Toshinaga, Maruhisa company’s President Masahiro Hiraishi, and Bangladesh embassy’s commerce councilor Md Hasan Arif.
JAPAN EMERGING AS MAJOR BUYER
Asian nation Japan emerged as a potential buyer of Bangladesh’s apparel items during the fiscal 2017-18. During that fiscal, the growth witnessed was 13.7 per cent.
Last fiscal, the total amount of export to the Asian country was US $1.1 billion during 2017-18, occupying over 3 per cent of Bangladesh’s total export basket – the top spot being taken by knitwear products at US $444 million, followed by woven garments at US $401 million, and home textiles at US $47 million.
In the first six months of this fiscal, July-December 2018, exports amounted to over US $547 million, making an impressive gain of over 51 per cent. This market remained among the top growing markets for Bangladesh throughout 2018.
Knitwear items fetched US $304 million from this market, marking a rise of over 61 per cent. Woven items fetched US $243 million, rising by more than 39 per cent.
The encouraging prospect is, Japan, with its demands for high-end apparel items from Bangladesh, has shown interest to sign a free trade agreement.
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