Abstract:
This paper attempts to identify the challenges of ready-made garment
(RMG) exports of Bangladesh. Descriptive analysis was used to analyze the export
challenges of Bangladesh. It has been identified that Bangladesh highly depends on
ready-made garment (RMG) exports for its foreign exchange earnings. In spite of
great challenges, the country became the world’s second largest exporter of garment
goods to the European Union. It also exports a significant amount of goods to the
United States. This study identified that the country would lose its buyers if it delayed
to take necessary actions for the recent crisis created in this industry. The buyers are
warning the country to take immediate steps to solve the crisis. Otherwise,
Bangladesh maybe deprived of getting the benefits of Generalized System of
Preferences (GSP). To bring back the confidence of the buyers, Bangladesh has to
act quickly and promptly by introducing new labor laws for the garment workers.
