Bangladesh has been facing such heightened scrutiny on labour standards for a while in contrast to its close Asian competitors like Vietnam, Cambodia, and India.
Bangladesh's ready-made garment sector, a cornerstone of its export earnings, faces substantial trade preference erosion upon graduation from least developed country (LDC) status, said Mohammad Abdur Razzaque, chairman of the Research and Policy Integration for Development (RAPID) Bangladesh, at a seminar yesterday.
Bangladesh’s garment exports to the US can increase anywhere from $400 million to $800 million annually if the American government offers a “cotton GSP scheme”, according to a study.
Bangladesh’s garment exports to the US can increase annually anywhere from $400 million to $800 million if the American government offers a “cotton GSP scheme”, according to a study.