Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Bangladesh Eyes Fivefold Increase in Readymade Garment Exports to Canada

Posted April 20, 2015

Under Economic Issues, International Trade Issues

(Serajul Quadir – Reuters)

Bangladesh aims to raise its exports of readymade garments (RMG) to Canada at least fivefold to $3.5 billion by 2021, the chief of the Canada Bangladesh Chamber of Commerce and Industry (CanCham Bangladesh) said on Sunday.

Masud Rahman said total Bangladeshi exports to Canada stood at $1.1 billion in the fiscal year to June 2014, making it the fifth biggest market for the Asian country. Of that figure, RMG – Bangladesh’s main export – totaled $770 million.

“The country aims to increase the value of its RMG exports (globally) to $50 billion by 2021 when it will become a middle income country,” Masud told reporters after talks with leading international RMG buyers. Click here to read more.