Germany keen to import more RMG products

http://www.newstoday.com.bd/index.php?option=details&news_id=40478&date=2011-10-04

Germany keen to import more RMG products

Commerce Minister Faruk Khan, Bangladesh German Chamber of Commerce and Industry (BGCCI) President Saiful Islam and Executive Director of BGCCI Daniel Seidl seen, among others, at a diner party hosted at Hotel Breidenbacher Hof in Duesseldorf on Tuesday.

News Report

German businessmen show keen interest to import more Bangladeshi products particularly readymade garments.

This interest was shown at a meeting with the visiting members of the Bangladesh-German Chamber of Commerce and Industry (BGCCI) at a dinner party at the Hotel Breidenbacher Hof in Duesseldorf, hosted by McKinsey & Company – the world´s leading top management company – and the Bangladesh German Chamber of Commerce and Industry (BGCCI).

Today the trade volume between Bangladesh and Germany amounts to over USD 4bn with a trade surplus in favor of Bangladesh.

Germany is Bangladesh’s largest export market in Europe and second largest export destination worldwide. In fact Germany is importing more than 11% of the total textiles and clothing export from Bangladesh and 15% total export of Bangladesh.

New business sectors are coming up and the image of Bangladesh is nowadays increasing in Germany and Europe.

Commerce Minister Faruk Khan attended a dinner party with some leading German RMG buyers who sell textiles products valued at 40 billion US dollars.

Dr. Berg, partner at McKinsey & Company presented its findings on a study called “Bangladesh RMG – The challenge of growth”, which will be published in November 2011.

Bangladesh has become the third-largest supplier for the European clothing market.

Germany is the largest textile and clothing importer in the EU and second largest in the world.

The top managers from companies like Adidas, C&A, NKD, Esprit etc appreciated the chance to discuss with Commerce Minister Faruk Khan and BGCCI President Saiful Islam.

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