A single country exposition of Bangladeshi knitwear products will be held in Germany in May next, aiming to make the knitwear export base in the European country wider.
Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) will organise the fair as part of its drive to cross US$1.0 billion mark in export earning from the single largest destination within the next fiscal, reports UNB.
The three-day fair will begin on May 30, sources in the BKMEA said. The fair was earlier scheduled for March.
According to the Export Promotion Bureau (EPB), knitwear export from Bangladesh to Germany was worth $668 million in 2004-2005 fiscal. Germany is the single largest knitwear importer from Bangladesh.
GTZ, which is the implementing agency of the German Ministry for Economic Cooperation and Development, will provide necessary support to organise the fair in Germany.
About 45 Bangladeshi companies, led by BKMEA, will take part in the fair.
The knitwear growth import by Germany from Bangladesh was 12 per cent during the first seven months of the current year, source in the EPB said.
BKMEA President Md Fazlul Hoque told the news agency that Bangladesh could hardly meet 8.0 per cent to 10 per cent of the total German demand of knitwear products.
"We have already developed a base of our products in Germany… the objective of the fair is to make the base stronger," he said adding, "It's easy to expand a familiar market and we've a lot of scope there."
Fazlu also expressed the hope that the export earning from Germany would cross $700 million this fiscal and it would cross $1.0 billion within the next fiscal.