| Bangladesh
has a mature garment industry with a tradition
of more than twenty-five years of export to
international markets. Its society has a thousand
year old history of harmony and homogeneity
among major religious and ethnic denominations,
and is founded upon ethical, social and family
values. Bangladesh is a signatory to major international
treaties upholding labor and human rights.
General
System of Preference (GSP):
Sweaters manufactured in Bangladesh are
considered as originating from Bangladesh
for GSP purposes irrespective of the country
of origin of the yarn. Importers from
European Union (EU) therefore have an
advantage in importing sweaters from Bangladesh
because of their duty free access to that
region.
Quota:
Bangladesh enjoys a favored status in
textile trade with EU and its apparel
exports are quota-free to Europe. This
compares favorably to other major supplier
countries like India, China and ASEAN
member states.
Sweaters made from wool and other noble
natural fibers are quota free to the US
across all gauges. Cotton sweaters are
quota free in coarse gauges 3, 5 and 7.
Man made fibers and cotton sweaters in
fine gauges are restricted by quota and
SQ holds sufficient quota to service the
needs of its customers.
Canada, Japan, New Zealand and Norway
have recently granted duty and quota free
access to Bangladeshi apparel, including
sweater, to their markets. Australia is
expected to grant the same from June 2003.
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SQ has successfully harnessed the benefits
of its investments and managerial expertise
to cater exclusively to high street retailers.
Innovative and higher quality products, response
to fashion trends and market needs as well as
large production capacities have established
it as a key vendor.
Sixty-five percent of SQ products is
currently exported to Europe, mainly UK, Spain,
Sweden and Germany. Thirty percent is exported
to USA, and the rest to Canada and Japan. Our
main buyers are GAP in USA, P&C, Esprit of Germany, Marks & Spencer,
George, Mackay’s, Littlewoods and Jeff
& Co. in UK, H&M in Sweden and ZARA
in Spain.
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