Trade Policy and Changes in Global Apparel Trade in Asia : China’s Impact on Bangladesh’s Ready-Made Garment Industry
Year: 2025
Type: article
Abstract: Bangladesh-in 2023 the world's second-largest apparel exporter after China-has continued to expand its exports of Ready-Made Garments (RMG) ． Protectionist trade policies pursued by major economies under the Multi-Fiber Agreement (MFA) and the Agreement on Textiles and Clothing (ATC) served as external drivers of this growth, as emerging Asian exporters capitalized on allocated quotas.By the mid-1990s, China had become the world's dominant apparel exporter, but rising labor costs and stricter environmental regulations caused importers to diversify their apparel sourcing away from China and toward other Asian countries, including Bangladesh.In recent years, the protectionist trade policies followed by the Trump administrationexemplified by the US-China trade disputehave further accelerated a shift toward Bangladesh.Today, China continues to play a central role in the apparel supply chain, being a major supplier of raw materials and machinery.In this context, the health of Bangladesh's apparel industry remains highly dependent on the trade policies of major economies and the sourcing strategies of multinational apparel brandsboth increasingly shaped by their relations with China-as well as on imports from China.
DOI: 10.14992/0002002128
Authors: Fukasawa, Mitsuki, 深澤, 光樹
Language: English
Subfield: Development
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7128108701
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