Bangladesh Wants To Increase Its Ready-Made Clothing To South Africa
Recently, according to Germany
League of Nations
According to the latest report, South Africa is mainly concerned with garments imports.
T-shirt
, sweater,
Cotton-padded trousers
Shirts, jeans and so on.
According to the report, Bangladesh garment industry is quite competitive in the international field. Next, Bangladesh garment manufacturers are expected to make a decision on South Africa.
Garment market
Intensify development.
It is reported that the total market of garment imports in South Africa is about $1 billion 200 million.
In the 2009 - 2010 fiscal year, Bangladesh exported clothing products to South Korea for about 43 million US dollars, accounting for 4% of the South African market.
At present, the main importers of South Africa's clothing market are 70% of mainland China and 4.7% of India.
Nasir Uddin Chowdhury, vice president of Bangladesh garment manufacturers and Exporters Association, said that because of the higher import tax rate of the South African government on clothing and textile industry, Bangladesh garment exporters must face a relatively high tax burden.
As a result, Bangladesh garment manufacturers will not be able to enjoy any other benefits.
Tax reduction system
National competition.
At present, the South African government stipulates that importers of clothing and textile industry shall pay 40% customs duties, 51% import duties and 14% value-added tax.
Nasir also said that at present, several clothing importers in South Africa have gone to Bangladesh for the purchase of clothing and textile products. If the Bangladesh government does not attach importance to the development speed of this emerging market in South Africa and lacks corresponding support, Bangladesh garment and textile industry will not be able to expand outward.
Meanwhile, Bangladesh garment exporters are also calling on their governments to increase the potential of the South African market, and to enable Bangladesh clothing and textile products to occupy a place in the South African market by organizing clothing products exhibitions, presentations and increasing diplomatic resources.
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