Readymade garment exporters of Bangladesh are looking to diversifying their market. Reason: Their traditional export destinations, the EU and the US, are laying down stringent conditions related to workplace safety and labor rights. With a view to explore newer markets, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) are planning to organize single country fairs both in and outside Dhaka and organize networking exchange and business tours.
The BGMEA will organize single country fairs for Indian and Chinese apparel buyers, buying houses and trade body representatives and other related traders in April and June. It's also planning to hold such expos for South Korea, South Africa, Russia and Mexico this year while the BKMEA will hold fairs focusing on the Latin America, Brazil and Chile markets by 2014. The expos will display Bangladesh products and services to attract Indian and Chinese buyers and their representatives and further business development.
Diversification of markets and products is also important to reduce different business risks that emerge due to recession and a series of industrial tragedies that have seriously highlighted safety issues in the garment sector.
www.bgmea.com.bd/, www.bkmea.com/
