Bangladesh sees increase in garment and leather exports
Bangladesh is one of the world’s poorest countries with an economy that relies heavily on trade and remittance flows. Up until the crisis, it had covered significant ground toward reaching the Millennium Development goals, according to the UNDP latest MDG Progress Report 2008. The crisis impact was strong but not felt across all sectors.
Despite a decline in exports of three per cent, the footwear and leather industry recorded an increase of 10 per cent, 90 per cent respectively during 2009, mainly due to a shifting demand from buyers for readymade garments from India and China to Bangladesh, where costs are lower.
For more information on the job crisis and recovery in Bangladesh, please visit the ILO Job Crisis Observatory