Garment leaders scope out Latin America
Bangladesh Garment Manufactures and Exporters Association (BGMEA) has explored Latin America for apparel products and expects to export $500 million worth of items to the alternative market in two years.
A 12-member BGMEA delegation visited Brazil, Chile and Mexico from May 22 to June 5.
The delegates say they have received a lot of queries from the buyers regarding prices, lead-time, sample making and submission time, the association said in a statement.
"Bangladesh garments attracted the attention of representatives from about 30 popular national and international apparel brands in Brazil, Chile and Mexico," BGMEA said.
During the visit, the delegation met government representatives, high officials from chambers, readymade garments buyers, chain retailers, traders and importers and media representatives. Nasir Uddin Cowdhury, first vice president of BGMEA, led the delegation.
BGMEA expects buyers from these countries to participate in the BATEXPO 2010 in November to start a business linkage.
This visit was jointly organised by the BGMEA and GTZ to diversify the RMG market beyond the USA and Europe where 94 percent of the country's RMG items are exported.
Over-dependence on USA and Europe markets amid the global recession has made the RMG sector to think about new and potential markets, such as Japan, Hong Kong, Australia and emerging markets such as Brazil, Chile, Mexico and South Africa.
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