Market Access and Tariffs
Among the developing and least developed countries Bangladesh has secured the fifth position in the world apparel export market with 2.8% of world’s apparel export share. The USA is the single largest market of Bangladeshi apparels importing around 33%. European Union as a region imports 60% of Bangladesh’s total apparel exports. In the world ranking of 2006-07 our sector has been positioned as the third and fourth largest exporter in the EU and US market respectively. Canada and Japan are the third and fourth major markets for Bangladeshi apparels. Woven garments were the major exporting items at the initial time. With the rise of knitwear exports since mid ‘90s, both these sub-sectors are now contributing equally to the export earnings of the country.