Buy custom Bangladesh’S Position In The Eu Knitwear Market In The Post Mfa Period
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| Topic: |
Business
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| Number of pages / Number of words: |
30 / 8255 |
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The local industry for ready-made garments (RMG) was almost non-existent then, except a handful producer of children wears and men’s knit undergarments (Hafiz G.A. Siddiqi, Banglapedia).
Since 1970 onwards, the RMG industry in Bangladesh started developing rapidly, and hundreds of factories opened up...
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A major reason behind the sudden boom in this industry is the fact that as the developed Western nations imposed the Multi Fiber Agreement (MFA) in the early 1960s, aimed at restricting cheap imports from the then developing countries, such as China and South Korea, Bangladesh was left out. This attracted manufacturers from the quota-restrained countries to move into Bangladesh with the objective of collaborative production and export...
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