Bangladesh seeks to boost exports with cotton summit

credit - Bangladesh Cotton Association

The sector accounted for $24 billion of Bangladesh's $25 billion of goods exports in the fiscal year to end-June 2014.

"We plan to raise our ready-made garments and textile exports to $50 billion by 2021," Tapan Chowdhury, the President of Bangladesh Textile Mills Association told a news conference on Wednesday.

Bangladesh has to import more than 90 percent, or 5.5 million bales of cotton annually.