DHAKA: Bangladesh has reported significant growth in garment exports to Saudi Arabia and the UAE in the last year, as the South Asian nation boosts efforts to expand its key market in the Gulf. The garment sector accounts for 80 percent of the country’s exports and 11 per cent of its GDP. Four million people work in the industry and Bangladesh is the world’s second-largest
Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) President Md Jashim Uddin has said that the profit made by selling products in the local market can be comparatively greater than what is earned from western markets. "The apparel product we sell in the American market for $5 can be sold for Tk2,000 in the domestic market.
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