Bangladesh's government raised cash incentives against export to non-traditional markets to 4% this fiscal year from 3% in FY2017-18, with an aim to boost exports to new markets. "In the months to come, export earnings from non-traditional export markets will rise further as China and India are giving more importance in importing clothing products for local consumption and global retailers are opening new outlets in India," Azim added. Which countries are non-traditional markets for Bangladesh? Non-traditional markets for Bangladesh's for apparel exports include: Australia; Brazil; Chile; China; India; Japan; Korea; Mexico; Russia; South Africa; and Turkey—while traditional markets are the United States and countries in Europe. Apparel exports to Australia were the second-highest with a growth of 18.46% to $360 million in FY2018-19 from $304.24 million in FY2017-18.

Source: Dhaka Tribune January 16, 2019 18:22 UTC