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)
Details
- 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
- Author
- N. Bhavika, fl. 2009
- Copyright Message
- Copyright © 2004 by IBS Center for Management Research
- Content Type
- Case study
- Duration
- 0 sec
- Format
- Text
- Original Publication Date
- 2004
- Page Count
- 13
- Publication Year
- 2004
- Publisher
- IBS Center for Management Research
- Place Published / Released
- Hyderabad, Andhra Pradesh
- Subject
- 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
