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Bangladesh targets $50 billion exports by 2021

Bangladesh will host an apparel summit from December 7 to 9, 2014. The idea is to send out the right message to global partners in the apparel market. Bangladesh also wants to sketch out a sustainable roadmap on building responsible supply chains in the textile and garment sectors. The country is aiming for garment exports worth to $f 50 billion dollars by 2021.

The summit will discuss the present business and investment trends, global sourcing dynamics and potential for Bangladesh, priority issues to support the growth potential, compliance issues, prudent commercial diplomacy and political stability, supportive policies and coordination between different government agencies, product and market diversification.

Part of the discussion will also focus on market diversification strategy and dynamics in global tariff structure. A session will look at the questions of environmentally sustainable economic growth in a densely populated country like Bangladesh and examine how the readymade garment sector can meet the standards required.

The discussions will focus on devising a strategic action plan to overcome the existing challenges and tap the potential. The summit will also discuss how important physical infrastructure, power, gas and energy are to secure the Vision 2021 set for Bangladesh.

There has been a lot of progress in the country over the last year that overcame some recent challenges faced by the industry relating to workplace safety issues.