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FTA may boost Bangladesh's growth in Singapore garment market

The agreement comes at a crucial time for Bangladesh, which has been grappling with declining orders from several markets amid global economic slowdown and higher production costs.

Singapore imported apparel worth $**.*** million from Bangladesh during January–July ****, a sharp **.** per cent decline compared to $**.*** million in the same period last year, according to sourcing intelligence tool TexPro. This steep drop reflects subdued demand, possible diversion of sourcing to competing countries like Vietnam and Indonesia, and a broader contraction in Singapore’s apparel imports.