TEXTILE ASSOCIATION OF VIETNAM AND BANGLADESH Combining TO MEET OF MUTUAL INTEREST
In order to develop the textile and garment industry, the Association of Textile and Apparel Industry (TGA) of Vietnam and Bangladesh signed a mutual agreement. According to the agreement, the Vietnamese producers of textile and garment industry have access to cheap labor in Bangladesh, which is necessary for the growth of production and exports. As the general secretary of the TGA Le Van Dao (Le Van Dao), the Vietnamese side have to like feed-in tariffs, and even if the country will face some difficulties in world trade agreement will bring great benefit to her. After the extraction of crude oil, textile and clothing sector is the second most important source of income for Vietnam.
For the Bangladesh garment industry accounts for 40% of national industrial output (5% of GDP), providing 4 million jobs, according to fibre2fashion.
