Aktrin arranging tour for November<\/p>\n
OAKVILLE, Ontario \u00e2\u20ac\u201d A group of furniture manufacturers from Bangladesh will tour factories in Ontario and Quebec in November in an effort to establish production partnerships.<\/p>\n
The tour will be guided by the Aktrin Furniture Information Centre.<\/p>\n
\u00e2\u20ac\u0153Fierce competition from low-cost imports poses a formidable challenge to Canadian furniture manufacturers,\u00e2\u20ac\u009d Aktrin president Stefan Wille said. \u00e2\u20ac\u0153The need to relocate production to offshore sites is increasingly becoming a necessity to survive and prosper in the furniture business.\u00e2\u20ac\u009d
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\nHowever, selecting the best offshore location requires constant reassessment of the business environment and cost structure of each country considered, he said. Wille noted that at one time, Mexico was the country of choice, but it lost its competitive edge to Taiwan and later to China and Vietnam.
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\n \u00e2\u20ac\u0153Forward looking entrepreneurs continue to search for more advantageous locations and it may very well be that Bangladesh \u00e2\u20ac\u201d with its huge but still untapped potential \u00e2\u20ac\u201d will become a furniture supplier to the North American market,\u00e2\u20ac\u009d Wille said.
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\n On behalf of the Local Enterprise Investment Centre of Bangladesh, Aktrin will bring five top Bangladeshi furniture companies to Canada with the objective of exploring production outsourcing opportunities or other forms of long-term joint ventures with Canadian furniture manufacturers.<\/p>\n
LEIC is funded in part by the Canadian International Development Agency. Bangladeshi companies considering collaboration with Canadian furniture companies will qualify for financial assistance for pre-investment feasibility studies. The LEIC also will assist in the implementation phase.\u00c2\u00a0<\/p>\n
\u00e2\u20ac\u0153The Bangladeshi economy is developing at a fast pace and the government has declared the furniture industry as a \u00e2\u20ac\u02dcthrust sector,\u00e2\u20ac\u2122\u00e2\u20ac\u009d said Wille.<\/p>\n
Bangladesh enjoys several benefits afforded to developing nations, he said. Wage rates are below those in China, Vietnam, India and other furniture exporting nations, and labor is abundant and skilled in hand-carving, said Wille.<\/p>\n
In addition, he said, \u00e2\u20ac\u0153Its exports have duty-free and quota-free access to countries in Europe and North America. These benefits are not granted to the same extent to most of Bangladesh\u00e2\u20ac\u2122s Asian competitors.\u00e2\u20ac\u009d<\/p>\n
Aktrin has pre-selected several Canadian furniture manufacturers in Ontario and Quebec that appear to be suitable candidates for off-shore furniture production in Bangladesh.<\/p>\n
The Bangladeshi delegation will visit with several Canadian companies between Nov. 12 and Nov. 23. Aktrin is still searching for a few additional Canadian companies that may be interested in meeting the delegation. For information, contact Wille at (905) 845-3473 or e-mail him at aktrin@aktrin.com.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aktrin arranging tour for November OAKVILLE, Ontario \u00e2\u20ac\u201d A group of furniture manufacturers from Bangladesh will tour factories in Ontario and Quebec in November in an effort to establish production partnerships. The tour will be guided by the Aktrin Furniture Information Centre. \u00e2\u20ac\u0153Fierce competition from low-cost imports poses a formidable challenge to Canadian furniture manufacturers,\u00e2\u20ac\u009d […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4856","post","type-post","status-publish","format-standard","hentry","category-furniture-indonesia-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/4856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=4856"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/4856\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=4856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=4856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=4856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}