Project

Bangladesh’s APTA Concession List to be offered: Do’s and Don’ts to facilitate Ready-Made Garments Sector of Bangladesh

Goal: The APTA Concession List (i.e., two separate lists are made up that are known as ‘General Concessions’ and ‘Special Concessions’ declared by each participating state of APTA) should be formulated in such a way to facilitate Bangladesh RMG sector by implementing the recommendations made in this study.

Updates
0 new
2
Recommendations
0 new
0
Followers
0 new
3
Reads
0 new
71

Project log

Enamul Hafiz Latifee
added 2 research items
The Asia-Pacific Trade Agreement (APTA), formerly known as the Bangkok Agreement, was signed in 1975 under one of the major initiatives taken by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). Six Participating States- Bangladesh, China, India, Lao PDR, South Korea, and Sri Lanka are the parties to the APTA. The APTA pact does occupy market for 2921.2 million people and the size of this big market accounts US$ 14615.86 billion in terms of Gross Domestic Product (GDP) in the Fiscal Year (FY) 2015-2016. Bangladesh could not seal down any single bilateral Free Trade Agreement (FTA) with any country although noticeable steps were opted by Bangladesh Tariff Commission (BTC) under the guidelines of Ministry of Commerce (MoC) at somewhat extents to carry out preliminary studies regarding China, India, Malaysia, Pakistan, Sri Lanka and Turkey and launching negations with some of them. Bangladesh Ready-Made Garments Industry (BRMGI) is the strategic sector for the country that has beefed up US$ 28.09 billion, i.e., 82.05% of total export in the FY 2015-16 (EPB, BKMEA, 2016). It has proved to be the lifeline of Bangladesh that employs more than 4.2 million workers and contributes to the country’s GDP at 14.11%. In context of the APTA region, BRMGI plays a vital role by earning foreign currencies from China, India, South Korea, and Sri Lanka, hence, this article intends to prescribe how Bangladesh can uphold stable positive export growth in this region further. Full Text: Available online at with all Figures, http://www.textiletoday.com.bd/bangladesh-rmgs-achievements-from-apta/
Enamul Hafiz Latifee
added an update
215 ready-made garment products are emerging that could assist Bangladesh to gain in export more from Asia-Pacific Trade Agreement
 
Enamul Hafiz Latifee
added an update
The preliminary study has got published in August, 2016 Issue of the most renown textile magazine of the country, namely, Bangladesh Textile Today.
Could you please make some prudent suggestions to improve this study further?
Thanks!
 
Enamul Hafiz Latifee
added a project goal
The APTA Concession List (i.e., two separate lists are made up that are known as ‘General Concessions’ and ‘Special Concessions’ declared by each participating state of APTA) should be formulated in such a way to facilitate Bangladesh RMG sector by implementing the recommendations made in this study.