Bangladesh third largest apparel exporter to EU
Faruk Khan to hold meetings with German officials, traders
Bangladesh has become the third largest apparel exporter to the European countries and Germany is the largest textile and clothing importer among the EU countries and the second largest in the world.
This was revealed at a report styled “Bangladesh RMG: The challenge of growth”, to be published in November 2011. Dr. Berg, partner at McKinsey & Company presented the first findings on the study, according to a message received here yesterday.
The announcement was made at a dinner hosted yesterday in honour of the leading German RMG sector representatives for sales of Bangladeshi apparels worth US dollar 40 billion.
Bangladesh Commerce Minister Muhammad Faruk Khan met the representativesat the dinner at Hotel Breidenbacher Hof in Duesseldorf, Germany.
The Bangladesh-German Chamber of Commerce and Industry (BGCCI) and McKinsey & Company – the world’s leading top management company organised the function.
Top officials from companies like Adidas, C&A, NKD, Esprit attended the function. They also discussed with Commerce Minister Faruk Khan and BGCCI President Saiful Islam. During the dinner that lasted for more than three hours, the Bangladesh Minister in focused the opportunities and issues related to business in Bangladesh including infrastructure, political unrest, strikes, labor, compliance and raw materials.
“The evening was a big success in branding Bangladesh,” said Daniel Seidl, executive director of BGCCI. During the week long visit in Germany, Faruk Khan is expected to speak to businessmen, investors, media people and government officials of German to improve trade and investment.