The readymade garments industry has been the industrial pillar of Bangladesh for decades.
Low-cost labor resources, competitive prices and high-quality products have helped the industry be a major player in the global scene during which it has had to overcome hurdles & challenges that raised from the phasing out of the MFA quota, the Trans-Pacific Partnership (TPP) and introduction of the Accord and Alliance.
The RMG industry is now, again, on the brink of some major shift as the RSC replaces the Accord and the preferential trade benefits from Generalized System of Preferences (GSP) wears off as Bangladesh graduates to a middle-income country.
