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Rise Of Readymade Garments Industry In Bangladesh: Entrepreneurial Ingenuity or Public Policy - November 2006
The 100 percent export-oriented readymade garments (RMG) industry of Bangladesh has witnessed remarkable growth since its inception in the late 1970s. Paradoxically, this flagship industry of Bangladeshi private entrepreneurial talent took roots through the first export consignment of shirts from Bangladesh made by the state-trading agency, the Trading Corporation of Bangladesh (TCB), in the mid-1970s under counter trade arrangements and the destination was some East European countries.
Subsequently, however, private entrepreneurs entered the industry and phenomenal growth took place in RMG exports from Bangladesh. Export of RMG increased from US $40 thousand in 1978 -79 to US $6.4 billion in 2004-05. The industry has also provided employment to nearly 2 million workers, most of them women drawn from the rural areas.
Source: Mohammed Ali Rashid, Professor of Economics, North South University, Bangladesh
FOR THE FULL REPORT PLEASE CLICK HERE
End of MFA Quotas: Key Issues and Strategic Options for Bangladesh Readymade Garment Industry - A report from the World Bank - January 2006
End of MFA Quotas: Key Issues and Strategic Options for Bangladesh Readymade Garment Industry - January 2006
"With the removal o f MFA quotas, there will be opportunities to expand market shares, but also tough competition for markets. The challenge i s not to protect a special position, but to open up the markets and ensure that Bangladesh will be in a strong position to compete."'
This study addresses that challenge. It examines the factors that have brought Bangladesh such impressive success as a producer and exporter of ready-made garments (MG) in a quota-based trading regime. I t explores the likely threats to that success as the post-MFA trade regime becomes intensely competitive. And it sets out a number of strategic options for the sector to pursue, building on past achievements and inherent competitive advantages, in order to compete successfully in textile and apparel markets under new and very demanding conditions.
Source: The World Bank
FOR THE FULL REPORT PLEASE CLICK HERE
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