Bangladesh and the MultiFibre Agreement

Bangladesh and the MultiFibre Agreement

written by N. Bhavika, fl. 2009 (Hyderabad, Andhra Pradesh: IBS Center for Management Research, 2004, originally published 2004), 13 page(s)

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Abstract / Summary
Globalisation and the introduction of the MultiFibre Agreement (MFA) in 1974 had changed the Ready Made Garment (RMG) industry of Bangladesh. Within a very short period of time the RMG sector of Bangladesh attained prominence in terms of its contribution to Bangladesh's gross domestic product, foreign exchange earnings and employment. On January 1 st 1995, the World Trade Organisation replaced the MFA with the Agreement on Textiles and Clothing (ATC). According to the ATC, by 2005, the RMG sector had to be fully integrated into GATT rules and the existing quotas had to come to an end. The removal of quotas threatened to increase competition in the global garment industry and limit Bangladesh's growth. But Bangladesh could receive benefits under the Generalised System of Preferences and gain access to the EU and US markets, if it met the International Labour Organisation standards.
Field of Interest
Business & Economics
N. Bhavika, fl. 2009
Copyright Message
Copyright © 2004 by IBS Center for Management Research
Content Type
Case study
0 sec
Original Publication Date
Page Count
Publication Year
IBS Center for Management Research
Place Published / Released
Hyderabad, Andhra Pradesh
Business & Economics, Social Sciences, International Business, Economic conditions, Garment industry, International trade, Apparel Manufacturing, Negócios Internacionais, Negocios Internacionales, World Trade Organization, Bangladesh, Industry Analysis in Global Context (i.e., Industry Reports)
Keywords and Translated Subjects
Negócios Internacionais, Negocios Internacionales

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