Bangladesh RMG timeline
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Low-cost labor resources, competitive prices and high-quality products have helped the industry be considered a major player in the global scene.
The readymade garments industry has been the professional pillar of Bangladesh for many years.
Low-cost labor resources, competitive prices and high-quality products have helped the industry be considered a major player in the global scene where it has already established to overcome hurdles & challenges that raised from the phasing out of the MFA quota, the Trans-Pacific Partnership (TPP) and introduction of the Accord and Alliance.
The RMG industry is currently, again, on the brink of some major shift as the RSC replaces the Accord and the preferential trade benefits from Generalized System of Preferences (GSP) wears off as Bangladesh graduates to a middle-income country.
Source: https://www.dhakatribune.com
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