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2010 Bangladesh Shoes Exports To China Enjoy Zero Tariff Treatment

2010/7/9 9:50:00 27

Since July 1st, Bangladesh has exported zero tariff treatment to China's 4721 export commodities, leather and footwear.

An unnamed insider told the daily economic news that Bangladesh has started to produce international famous first-line brand leather products, and has been increasing year by year, while China is Bangladesh.

East Asian exports

After the implementation of zero tariff, the biggest market will have an impact on China's sportswear and leather footwear.

It is understood that Bangladesh's leather has a good reputation in the international market due to its excellent quality.

Leather and its products earn more than US $200 million per year for Bangladesh. It is the fourth largest export commodity in Bangladesh besides textiles, clothing, frozen food and jute and products.

The leather industry also plays an important role in the national economy of Bangladesh.

According to the insiders, as Adidas, Nike and other international famous brands have procurement channels for their factories in Bangladesh, and Bangladesh's manufacturing costs such as manpower are lower than that of China, many international first-line brands have shifted their purchasing channels from China to Bangladesh. After Bangladesh's zero tariff on China's exports, internationally renowned first-line brands are likely to increase their share of procurement in Bangladesh, making China's world-class brand representative factory facing challenges.

China resident

The People's Republic of Bangladesh

According to the data provided by the embassy, the trade volume between China and Bangladesh in 2009 was US $4 billion 582 million, of which China exported to Bangladesh $4 billion 441 million and imports amounted to US $141 million.

The daily economic news reporter learned that, thanks to Bangladesh's

Leather products

Exports to European and American countries are low tariffs or zero tariffs, and China's export countries are to be expropriated by 16.5% of the anti-dumping duties. Bangladesh is undoubtedly superior to the mainland in cost. After the domestic shoe companies have changed their leather products to non leather shoes, Bangladesh will undoubtedly get huge export business opportunities.

Insiders said that in the past, Bangladesh's leather industry was also regarded as a symbol of low price products in the hearts of European and American buyers. In recent years, especially after the introduction of the famous international brands into Bangladesh, the image of "low price products" is changing slowly.

"This will bring impact to China's sportswear and export footwear industry."

According to the introduction, Bangladesh garment export industry is the most profitable industry in the country.

In the 2008~2009 fiscal year July 2008 (June 2009 to June 2009), foreign exchange earnings from garment exports amounted to US $12 billion 300 million, accounting for 79% of total foreign exchange earnings.

Insiders say that China's leather clothing and footwear enterprises should avoid EU anti-dumping duties, and one way to avoid losses is to re export from Bangladesh.

Regarding this, the relevant person in charge of AOKANG Footwear Company told the daily economic news reporter that their company has no export business with Bangladesh in leather at present. "Unless some specialized middlemen are exporting, they may take this approach."