Bangladesh faces garment race with Myanmar

Neighbour invests in port to lure investors from Bangladesh, world’s second-largest garment exporter.

Bangladesh, the world’s second largest garment exporter, wants to take over China’s spot as the number one nation in the industry.

It has a young workforce, a minimum wage three times lower than China’s, and preferential treatment under European import laws.

There are major challenges to overcome, however, 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 Teknaf district on the border with Myanmar.      

Source : Al Jazeera

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