The Chinese Delegation Visited Bangladesh And Signed A Memorandum Of Understanding.

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"P" > a href= "//www.sjfzxm.com/pioneer/" > China Textile Industry Association < /a > signed a memorandum of understanding with Bangladesh garment manufacturers and Exporters Association (BGMEA) and Bangladesh knitwear manufacturers and Exporters Association (BKMEA) on Thursday with the two largest clothing organizations in Bangladesh, to further promote bilateral trade and investment between the two countries in the textile and clothing sector.

Lin Yunfeng, vice president of China Textile Industry Association and Muhi Uddin, President of Bangladesh garment manufacturers and Exporters Association, and Hatem, the first vice president of Bangladesh knitwear manufactures and Exporters Association, signed memorandums of understanding on behalf of their respective organizations.

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< p > a 40 member Chinese delegation visited Bangladesh to explore the potential of local clothing procurement and investment.

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< p > Bangladesh < a href= "//www.sjfzxm.com" > clothing > /a > manufacturing and Exporters Association and Bangladesh a href= "//www.sjfzxm.com/news/index_c.asp" > knitwear less /a > manufacturers and Exporters Association said that this agreement will help them increase mutual cooperation in developing investment opportunities, education, technology pfer, data and entrustment pactions and participation in exhibitions.

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Lin Yunfeng said that when they visited several factories in Bangladesh, they were impressed by product quality, management and mechanical installation. They also stressed that they were interested in investing in Bangladesh because of the rising labor costs in China and the shortage of labor force in P.

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< p > local clothing manufacturers ask the Chinese delegation to invest in the manufacturing of high value added products, such as suits, suits, and continuous spinning and weaving departments.

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< p > the president of the Bangladesh garment manufacturers and Exporters Association said that China is an important destination for Bangladesh clothing, for three reasons. First, China's domestic market, exports to other countries, and many mediocre retailers set up branches in China.

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"P > China is thinking about the development of high-end and high-tech industries, so pferring production to Bangladesh is a win-win strategy. In this regard, cooperation between the two countries has bright prospects.

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(P) the president of the Bangladesh garment manufacturers and Exporters Association has asked Chinese manufacturers to invest in areas where Bangladesh does not have enough capacity but has huge potential for distribution.

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