Bangladesh, China Leather And Footwear Products Enjoy Zero Tariff Treatment
The People's Republic of Bangladesh
4721 kinds of export commodities such as leather and footwear exported to China enjoy zero tariff treatment.
An industry insider who declined to be named said in an interview that Bangladesh has already started to produce international famous first-line brand leather products, and it is increasing year by year. China is the largest market of East Asian exports in Bangladesh. After zero tariff, it will have an impact on Chinese sports apparel and leather shoes.
It is understood that Bangladesh
Leatherwear
Because of its excellent quality, it enjoys a good reputation in the international market.
Leather and its products earn more than US $200 million per year for Bangladesh. It is the fourth largest export commodity in Bangladesh besides textiles, clothing, frozen food and jute and products.
The leather industry also plays an important role in the national economy of Bangladesh.
According to the insiders, as Adidas, Nike and other international famous brands have procurement channels for their factories in Bangladesh, and Bangladesh's manufacturing costs such as manpower are lower than that of China, many international first-line brands have shifted their purchasing channels from China to Bangladesh. After Bangladesh's zero tariff on China's exports, internationally renowned first-line brands are likely to increase their share of procurement in Bangladesh, making China's world-class brand representative factory facing challenges.
According to the data provided by the business office of the Embassy of China in Bangladesh, the trade volume between China and Bangladesh in 2009 was US $4 billion 582 million, of which China's exports to Bangladesh amounted to US $4 billion 441 million and imports amounted to US $141 million.
It is understood that the export of leather products from Bangladesh to Europe and the United States is low tariffs or
Zero tariff
China's export to these countries will be subject to a 16.5% anti-dumping duty. Bangladesh is undoubtedly superior to the mainland in terms of cost. After domestic shoe companies have changed their leather products to non leather shoes, Bangladesh will undoubtedly gain huge export opportunities.
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