Abstract
The Multi-fibre Arrangement (MFA) (Note 1) in global trade in apparels and textiles was phased out inDecember 2004. South Asian countries major concern was to prevent large-scale job losses due to liberalizationand globalization. It was apprehended that the RMG sector of smaller countries especially Bangladesh will beadversely affected by losing a huge number of jobs, will face high competition from its low-cost competitorcountries and will experience negative impact due to its high dependence on the United States and the EuropeanUnion markets for its RMG products.Despite the concern and fear of negative impact on in the aftermath of quota removal of RMG sector inBangladesh appears with positive trends along with the substantial increasing rate of export amount, the numberof jobs and industries and GDP’s growth. In 2010, the sector keeps around 20 percent GDP growth of thecountry.
Highlights
He competitive global market due to lack of requisite infrastructure, uninterrupted supply of energy
Once the quota system instituted under the Multi-fibre Arrangement (MFA) (Multi-fiber Arrangement) is abolished at the end of the year 2004
The process in which the developed countries are phasing out quotas according to their commitments with WTO is very interesting to evaluate, as the current level of liberalization is not in accordance with the committed volumes as well as categories of products which need to be integrated in the non quota trade regime. This raises serious concerns about the future of ATC. 2.2 Impact of quota removal on Bangladesh South Asian countries are fully dependent on quota-based exports, and this is truer in the smaller countries with no resource endowments
Summary
Impacts of Quota Policy on RMG Export from Bangladesh: Prediction and the Reality. Shamima Sultana (Corresponding author) Department of Economics, Bangladesh University of Business and Technology (BUBT). Md. Asraful Alam Department of Mass Communication and Journalism, Jagannath University. Arup Kumar Saha Department of Marketing, University of Dhaka Present Address: Kapp Ahl Far East Ltd., Dhaka-1212, Bangladesh. Ashek Annesha Research Centre, 55 Shonargaon Janapath Road, Section 7, Uttara, Dhaka, Bangladesh. Md. Abu Talha Sarker The Independent, BEL Tower, 19, Road No.-1, BEL Tower, Dhanmondi, Dhaka-1205, Bangladesh.
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