Dhaka, Sunday, 19 May 2019

Bangladesh to ink deal with Russia to boost apparel exports


Staff Correspondent: Bangladesh is likely to sign a MoU with Russia to boost exports, especially in apparels. The country has also been looking at Russia for quite some time as a potential export destination for readymade garments. There is big demand for Bangladesh-made apparel items, seafood, potato, medicine and other products. Russia is interested in importing these items from Bangladesh.”

Bangladesh’s apparel exports to Russia amounted to $427.8 million during the fiscal 2017-18, according to Bangladesh Export Promotion Bureau. Knitwear contributed to $260.6 million of export while woven segment contributed $167.2 million. From July to January 2019, apparel exports amounted to $276.3 million, of $169 million was knitwear items and $107.3 million woven items.