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BKMEA to hold product fair in NY in Nov

UNB, Dhaka
In a bid to strengthen their global presence, knit apparel exporters are going to display their products exclusively for the US customers in November.
This will be the first-ever attempt by Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) to hold a single country fair for the knitwear items.
Despite the challenges of globalisation, BKMEA is the first trade body of the country that came up with the decision to continue its efforts for giving a boost to export volume particularly in the largest US apparel market.
Export Promotion Bureau (EPB) sources said Bangladesh exported knitwear products worth about US$ 300 million to the United States in fiscal 2004-05.
Knitwear exporters hope the three-day fair slated for November
14-16 at Hotel Pennsylvania in New York will draw the attention of the US knitwear importers.
"We're expecting order for importing our products worth at least US$ 10 million through the fair," a BKMEA director said.
SouthAsian Enterprise Development Facility (SEDF), a multi-donor facility managed by International Finance Co-operation of the World Bank has already approached the US authorities concerned and finalised the date and venue, BKMEA sources said.
SEDF, under a Memorandum of Understanding signed with BKMEA, will also appoint a US consultant firm to facilitate holding of the fair.
The consultant firm will also arrange meetings on the sidelines between the Bangladeshi delegates and US importers during the fair hours.
A total of 45 Bangladeshi factories will participate in the fair.
Apart from this, a 10-member delegation representing the BKMEA will also leave for New York at the same time to explore market of Bangladeshi products through negotiation with the US knitwear importers.
"Primarily, some 63 factories have been selected. After scrutiny, 45 of them will finally exhibit their products in the fair," a BKMEA official said.
When contacted, BKMEA President Md Fazlul Hoque said the existing situation of export to the United States is very much favourable for Bangladesh.
"Bangladesh never tried hard to expand the knitwear export to the US, but this time we will try hard to gain a big market of our products there," he said.
He said the US recently imposed quota system on knitwear export from China, which creates a new horizon for Bangladesh.