An Investigation of Less Export of Readymade Garments to Non-Traditional Markets by Bangladesh and Justification of Increasing Export

Abstract

This paper focuses on the current condition of readymade garments export by Bangladesh to well-established export destinations and nontraditional destinations. The main objective of this study is to find out ways of increasing Bangladesh’s export earnings. The RMG industry has set an export target of US $50 billion by 2021 for which new export destinations must be explored. Bangladesh, however, is still far behind the target due to some constraints. Another objective of this study is to identify these constraints and justify the reasons to explore the non-traditional markets. This study was conducted using secondary data obtained from various trusted national sources. These data were analyzed and showcased using statistical tools to interpret the discussed topic.