Kiak Sung, founder of the Korean Export Processing Zone (EPZ), stated that Bangladesh, currently the world’s second-largest garment exporter among single countries, is well-positioned to claim the top spot. He emphasized that achieving this goal requires strategic reforms, increased use of technology, and the development of in-house production facilities for hand-spun yarn.

Sung highlighted the importance of policy support and the need for more bonded warehouses to ensure the swift availability of raw materials. This, he said, will enable manufacturers to produce and export garments more efficiently. He also praised the Bangladesh government’s proactive response during the temporary suspension of tariff policies under the Trump-era trade regulations.