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
markets over the
corresponding periods in 2004. The displays several distinct tendencies
data up to in export
performance: better performance in the US market, and better performance
exports in the EU market does not bode well for the future prospects
Bangladesh RMG industry.
Although knitwear is Bangladesh’s
of the export
item in the EU market,
it too entered a decline after April.
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.
Export performance of Bangladesh garments in EU and US markets
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.