KNITEXPO in Tokyo next month

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KNITEXPO in Tokyo next month
Business Report

Next to BATEXPO, the country’s knitwear manufacturers and exporters will hold their 6th ‘Knitwear Exposition-2012’ in Tokyo from January 25 to 27, a press release of the association said.

Bangladesh Knitwear Manufacturers and Exporters Association will hold the event with a view to expanding the market outreach to the highly expensive and sensitive buyers market in Japan.   It will be part of the government efforts to support the government’s policy of expanding and diversifying the markets, besides part of a market strategy to reduce the industry’s dependency on European and American markets.

Many foreign buyers had already confirmed their participation in the fair. A total of 32 stalls have been so far confirmed, the press release said.  Japan imports $27 billion worth of readymade garments every year. Recently, the Japan government has awarded two stage GSP facilities to the Bangladeshi knitwear sector and market analysts say it may bring new opportunity to the country’s textile exports to the Japanese market.

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