WTO WARNS BANGLADESH AGAINST OVER-DEPENDING ON GARMENT EXPORTS
October 1st, 2012
BY POORNA RODRIGO
BANGLADESH is risking serious economic problems by concentrating so much on clothing exports, the World Trade Organisation (WTO) has concluded in a report released ahead of a review of the country's trade policies. "Exports remain highly concentrated both in terms of products and destinations, which carries some risk, with readymade-garment (RMG) exports to the EU and the US the current mainstay," it warns.
The report comes as Bangladesh's garment sector is being troubled by continual demands from workers for higher wages. Global ...
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