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BD aims to make Canada key RMG destination

Bangladesh is aiming to achieve an ambitious rise to $3.5 billion of readymade garments (RMG) exports to Canada by 2021. According to Masud Rahman, chief of the Canada Bangladesh Chamber of Commerce and Industry (CanCham Bangladesh), exports to Canada stood at $1.1 billion in the fiscal year to June 2014, $770 million of which were ready made garments. Bangladesh has hopes of hitting an overall target of $50 billion of overseas sales by the end of 2021 as they become a middle income country. Canada will be one of the key garment export destinations. Bangladesh is currently the 2nd largest RMG exporter in the world behind China. This trend remains true when looking at Canada’s current top RMG import partners. -Business 2 Community

Source: https://www.observerbd.com/2015/05/07/87403.php#sthash.O5iebMwo.dpuf