Monday, December 17, 2012

Bangladesh fashion industry faces competition



Published 15 December 2012 09:01
Bangladesh, the world's second largest garment exporter, wants to take over China's spot as number one. It has a young workforce, a minimum wage three times lower than China's, and preferential treatment under European import laws. But there are major challenges to overcome, including power shortages, poor infrastructure and an ageing sea port. Bangladesh's neighbor, Myanmar sees an opportunity in those shortcomings. It is investing in a huge new port to lure investors. Al Jazeera's Nicolas Haque reports from the district of Teknaf on the border with Myanmar.

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