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Bangladesh garments exports to Canada up 67 per cent

Garment exports from Bangladesh to Canada surged 67 per cent in five years, thanks to price competitiveness of Bangladeshi products and duty-benefit in the North American country. From $587 million worth exports in fiscal 2008-09, it has risen to $980 million in 2012-13.

Bangladesh exported garment items worth around $740 million during the first nine months of current fiscal, up from around $727 million in the same period in the previous year. Almost 95 per cent of goods exported to Canada from Bangladesh are apparel items. Total exports reached $1.09 billion in fiscal 2012-13 as against $993 million the previous year. Bangladesh has been enjoying duty-free market access to Canada since 2003.

Bangladesh also has the opportunity to export jute goods, leather and footwear items, light engineering products and agro-processed items. The country sees Canada as a promising, new market compared to other traditional markets such as the EU and the US.

 
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