by TAMANNA KHAN and SHUDEEPTO ARIQUZZAMAN
The garments industry of Bangladesh has been the key export division and a main source of foreign exchange for the last 25 years. According to the latest World Trade Organisation report, prepared on the basis of export data in 2007, Bangladesh ranks fourth in the world of clothing exports and has grabbed three percent market share. According to Faruque Hassan, Vice President of Bangladesh Garments Manufacturers and Exporters Association (BGMEA), the latest position of Bangladesh might be third in terms of value and volume. “Apparel exports of the competing countries have increased in some markets but decreased in some others, while Bangladesh’s growth was steady in all markets,” he says.
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