“But to improve longer-term growth prospects, Bangladesh will need to raise labour productivity and move into higher value-added textile sectors”, the report informs.
HSBC says 40 percent of survey respondents said that Europe offers the best opportunity for business growth over the next six months, while one-third pitched for Asia, while 17 percent said North America.The HSBC Trade Forecast report expects Bangladesh's share of textiles and garment exports to rise from 2.8 percent in 2010 to #
More than a third of respondents expect demand in key markets to be higher over the next six months while more than 16 percent generally feel more confident about the coming months.
Nearly 80 percent see currency movements having a positive impact on trade over the next six months while more than two thirds see trade agreements as favourable for international business.
But around a quarter of survey respondents cited high costs of logistics, shipping and storage would potentially as potential constraints on business growth.
“New safety laws for textile factories introduced after a series of disasters may boost investor confidence”, the report concludes by saying. (AR)
Fibre2fashion News Desk - India
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