Bangladesh is poised to become the source of most of the European Union’s (EU) apparel as China, the largest apparel supplier worldwide, is witnessing a decrease in its share of trade with the bloc.
Bangladesh's export sector showed its prowess in 2022 despite the devastating Russia-Ukraine war, unprecedented freight costs, energy crisis, record inflation and a risk of a recession that loomed throughout the outgoing year.
Bangladesh wants to grab a 10 per cent share of global apparel markets by 2025 on the back of the diversification of both products and markets, BGMEA President Faruque Hassan said today.
