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Introduction

This report assesses Bangladesh's external competitiveness in the context of the RMG sector after the full phase-out of the quotas dating back from the 1974 MFA. On January 1, 2005, the set of bilateral quotas that had governed trade in RMG for over 30 Years was eliminated. As these quotas had led to an artificial trade structure, the international RMG market faces a restructuring process. Bangladesh's exports are heavily concentrated in the RMG sector, which has been a main driver of growth and poverty reduction. With more than three-quarters of exports RMG related, the country is vulnerable to the MFA shock, in particular since it is confronted with other problems that affect its competitiveness. These problems are not limited to the RMG sector, but will be exposed more fully there in the post-MFA world. The challenge is therefore to improve competitiveness, both in the RMG sector and economy wide, and diversify exports, thus contributing to increased growth and......

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Approximate Word Count: 9091
Approximate Pages: 37 (250 words per double-spaced page)

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