Global Trade News Analysis

Topics: Beximco, International trade, Bangladesh Pages: 4 (1095 words) Published: September 22, 2013
Hatil breaks into US market
Star Business Report
Published: Sunday, September 8, 2013
Paul Robert Inc, a furniture wholesaler in the US market, will buy furniture from Hatil Complex Ltd, a local furniture maker of bangladesh. Established in 1989, Hatil has annual sales turnover of Tk 75 crore, with its factory in Gazipur capable of producing around Tk 200 crore worth of furniture a year. The US furniture seller that imported products from China is now looking to Bangladesh as the cost of doing business is rising in China. Paul Robert that also sells furniture in Europe and the Middle East signed a “global supply agreement” with Hatil at Ruposhi Bangla Hotel in the city on Thursday. “I am confident about the skills, commitment and dedication of Hatil as a supplier to the world,” he added. Paul Robert selected Hatil as its manufacturing partner in Bangladesh after long research, design and product development, and capacity development programme, said Selim H Rahman, chairman and managing director of Hatil. The supply agreement with the American company is another breakthrough for both Hatil and the furniture industry of Bangladesh. Also The furniture sector will become the second export-oriented industry after ready made garment sector in Bangladesh, said Shubhashish Bose, vice-chairman of Export Promotion Bureau of Bangladesh. The furniture makers should diversify the export basket to compete in the world market.

Self analysis:
Furniture is one of the leading rapidly growing sectors in bangladesh. Now a days they earn a lot of currency by exporting furniture material worldwide. Recently hatil braksdown US market by making a contract with Paul Robert Inc.. They are looking to bangladesh who has best option for sourcing furniture and for this reason it has cost effeciency and high quality. The US company signed a agreement called “global supply agreement” which indicates the impacts of global trade throughout worldwide. Hatil’s working...
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