“Leaving China” global brands and retailers visit Bangladesh

Delegation members purchased ready-made garments worth around US$ 5.8bn annually.

Nov 12, 2012. A group of buyers representing some 20 global brands and retailers is this week visiting Bangladesh as part of a wider regional tour to explore sourcing alternatives to China.

The delegation from Hong Kong will also take in Burma (officially known as Myanmar), Cambodia, Indonesia and Vietnam.

Richard Vuylsteke, leader of the delegation and president of American Chamber of Commerce in Hong Kong, said the executives are looking to diversify their sourcing, especially as China is shifting from basic garments to other high-tech industries and faces rising labour costs.

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