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D. Impact of MFA withdrawal

Before going into an analysis of findings from the survey, let us take a look at the RMG export performance after the MFA withdrawal.

As was expected, China and India recorded robust growth in both the US and EU markets. In this highly competitive context, the performance of Bangladesh was mixed. Table 22 shows the changes in export value of Bangladesh garments in the

US and

EU

markets over the

October

or

November 2005

corresponding periods in 2004. The displays several distinct tendencies

data up to in export

performance: better performance in the US market, and better performance

knitwear

than

by

woven

garments

in

the

EU

market.

The

negative

growth

by of

exports in the EU market does not bode well for the future prospects

Bangladesh RMG industry.

Although knitwear is Bangladesh’s

major

of the export

item in the EU market,

it too entered a decline after April.

Knit

14.81

8.01

5.86

9.18

8.68

4.92

2.01

1.57

0.98

-0.31

Woven

5.13

-4.41

-7.08

-10.2

-12.25

-13.77

-14.61

-15.11

-14.41

-14.37

Knit

18.14

15.58

23.38

27.16

36.41

30.03

29.72

24.17

18.86

14.88

Woven

4.34

12.04

22.77

20.89

23.09

21.85

20.62

20.82

21.77

20.98

Note: Each figure gives the growth percentage of the period between January and a particular month over the corresponding period in 2004. Source: Compiled from World Trade Atlas

Table 22. in 2005 Jan.

To EU

To US

Export performance of Bangladesh garments in EU and US markets

Feb.

Mar.

Apr.

May

Jun.

Jul.

Aug.

Sep.

Oct.

It is beyond the scope of this paper to investigate the decline in exports to the EU market. Here I would like to identify from our sample data changes being experienced by workers.

  • -

    88 -

Nov.

na na

14.95 21.46

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