BANGLADESH LOOKS TO LEVERAGE KNITWEAR STRENGHS BY TARGETING GLOBAL SWEATER MARKETS
April 25th, 2022
The Bangladesh knitwear industry is looking to boost its exports of sweaters, competing with Chinese suppliers hampered by their government’s continuing tough lockdown responses to further outbreaks of Covid-19. Meanwhile, US tariffs imposed during the trade war launched by former American President Donald Trump persist, giving Bangladesh sweater exporters a continuing price advantage, augmenting its lower labour costs. Energy and raw material supply disruptions are still hindering Chinese manufacturers from fully resuming operations (1).
As China’s position ...
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