Submitted by: Submitted by rahnumaa
Views: 517
Words: 1911
Pages: 8
Category: Business and Industry
Date Submitted: 05/25/2011 09:39 AM
RMG sector
Abstract
The phase-out of the quota is likely to have particular significance for the export of Bangladesh apparels to the US market. MFA’s impacts are not much related to a question of our $2 billion exports to the USA; or the $5 billion worth of exports made by Bangladesh globally. Rather, it is a question of how Bangladesh’s entire economy will be affected by the issue of quota phase out. RMG exports constitute about 75% of Bangladesh’s annual export and provide direct employment to 1.5 million females and indirectly an additional 8 to 10 million people. The global clothing trade is evolving on a continuous basis and that the phase out of quota restrictions and forming of trade blocs has become a reality. Moreover Bangladesh is convulsed by fierce class struggles, centered on the country’s garment industry. Many tens of thousands of workers have gone on strike, blocked roads, attacked factories and other buildings, demonstrated, fought the police and rioted in the streets. Every day comes news of fresh strikes in a variety of industries —mainly the ready-made garment (RMG) sector, but also mill workers, river transport workers, rail workers, journalists, lecturers and teachers. The revolt began on 20 May2006 with garment workers’ strikes in the Bangladeshi capital Dhaka — beginning in a small number of factories over issues including the arrest of worker activists and non-payment of wages. By 23 May2006 this struggle had been generalized, with action at a much larger number of factories and demonstrations across the city. A massive army and police presence around garment factories, in some cases completely blockading and creating check points for entry to Export Processing Zones, temporarily calmed things; but strikes continued to take place at numerous factories, leading to ...