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International Trade

INTERNATIONAL TRADE IMPLICATIONS AND FUTURE OF READY-MADE GARMENTS SECTOR OF BANGLADESH

Abu Yousuf Md. Abdullah*

ABSTRACT
The hundred percent export-oriented RMG industry has experienced phenomenal growth during the last 15 years. Within a very short period of time, it has attained great importance in terms of its contribution to GDP, foreign exchange earnings and employment and also as a vehicle of social changes. The export earning data of Bangladesh, shows that in 19884-85, ready-made garment sector earned 12.39%( $116 million) of the total export. This was raised to 36.46%($471 million) in 1989-90. This share rapidly went up to 53.36%($1064 million) in 1991-92. Surprisingly, the share showed no increase for the last three years. Bangladesh garments products are facing various barriers and difficulties in the international market. Garments' contribution to the total export earning remained constant at around 52% for the last two years (52.84%) in 1994-95 and 52.63%......


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Approximate Word Count: 8592
Approximate Pages: 35 (250 words per double-spaced page)

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