5 Bangladeshi apparel makers taking part in Asian Fashion Fair
Photo Courtesy: Asia Fashion Fair
Five prominent apparel manufacturers of Bangladesh are participating in Asian Fashion Fair with hopes of luring more work orders from the country that demands high-quality apparel.
Though Bangladesh has participated in Fashion World Tokyo on multiple occasions, this is the first time the country is participating in the Asian Fashion Fair to be held in Osaka, the second largest city of Japan, from April 9 to April 11.
Bangladesh’s participation is being coordinated by Bangladesh Export Promotion Bureau and arranged by the Embassy of Bangladesh in Japan, says a media release.
Participating companies, who are putting their high quality products on the fair, have termed Asian Fashion Fair an excellent opportunity for business expansion and networking.
It is to be mentioned that Bangladesh has achieved the highest growth in Japanese apparel import market in 2018. This engagement follows the successful Bangladesh participation in the Fashion World Tokyo 2019 March fair.
On 9 April, the visiting EPB officials and Commercial Counsellor, Embassy of Bangladesh joined in a meeting with the leaders of Osaka Chamber of Commerce and Industries (OCCI) at OCCI. They discussed various business issues of Japan and Bangladesh, especially on the promotion and growth of apparel products of Bangladesh in Osaka.
Just last month, knitwear manufacturers displayed their products at the Fashion World Tokyo, at Big Sight, Tokyo, Japan with hopes for higher business engagement.
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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