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RCEP Agreement: Vietnam’s gain, Bangladesh’s loss?

The Regional Economic Partnership Agreement (RCEP) is the world’s largest trade agreement, covering 30 percent of global GDP and 27 percent of global merchandise trade. Signed in November 2020, the trade bloc comprises 15 members, including the 10 nations of the Association of Southeast Asian Nations (ASEAN), China, Japan, South Korea, Australia, and New Zealand. […]

RMG Exports on the Recovery: Revived Orders, Rejuvenated Hopes

Bangladesh’s Ready-Made Garments and Apparels, has been a consistently high-performing, export-led sector that has contributed immensely to the economy in terms of economic growth and employment generation. The industry holds a strong foothold internationally, reflected by its holding of 6.8% of the global apparel market as of 2019. Besides this, the sector constitutes an approximate […]

What Order Cancellation Means for the Bangladesh RMG Sector

The global apparel industry has been left reeling from the impact of the Coronavirus pandemic as supply chains have been disrupted, trade has dwindled to near-stagnancy, and sentiments have flared, claiming this may be the fulcrum for a new anti-consumerism culture. In McKinsey & Company’s State of Fashion 2020, it was estimated from a survey […]
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