Bangladesh textile industry

Bangladesh Textile Industry

Bangladesh textile industry

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While agriculture for domestic consumption is Bangladesh’s largest employment sector, the money gained from exporting textiles is the single greatest source of economic growth in Bangladesh. Exports of textiles, clothing, and ready-made garments accounted for 77% of Bangladesh’s total merchandise exports in 2002.

History of Textile Production in Bangladesh

Immediately after the founding of Bangladesh, tea and jute were the most export-oriented sectors. But with the constant threat of flooding, declining jute fiber prices and a significant decrease in world demand, the contribution of the jute sector to the country’s economy has deteriorated.

The industry employs about 3 million workers of whom 90% are women.

Effect of the Agreement on Textiles and Clothing

From 1995-2005 the WTO......
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