BANGLADESH TO IMPORT 200,000 TONNES OF COTTON ANNUALLY FROM UZBEKISTAN
August 1st, 2013
BANGLADESH is planning to import 200,000 tonnes of cotton annually from Uzbekistan in a new multi-annual deal to be finalised shortly. Negotiations are underway to set its terms in a Memorandum of Understanding between the two governments, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Atiqul Islam told just-style.Once signed, its benefits to a Bangladesh industry which is heavily dependent on imported cotton yarn and fabric are many: “First the garment industry can use fabrics and yarn produced in the local textile mills. Second, ...
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