Future of RMG
Molla Mohammad Shaheen Dept. of English, DU
The RMG sector of Bangladesh is going to walk a tight rope as MFA will expire shortly. The termination of GSP facility will wreak havoc on the economy of our country. The RMG sector is very productive and lucrative to earn foreign currency. But the quota abolition may impede our sound foreign exchange reserves position. To cope with the challenges of this free market economy, Bangladesh must be very much competitive in quality textile output. The insouciance of the government perplexes us immensely. After the expiry of the deadline, many small garments factories will have to close their production. Many workers will lose their jobs. The GDP will fall drastically. The society will be destabilised. If Bangladesh wants to survive in the quota-free regime, the RMG sector should be reshaped. This sector should be subsidised enormously. E-commerce can boost this sector. The port facility should be improved. The quality of our fabrics should be updated to vie with China and India. The rudimentary infrastructure should be modernised. The Bangladeshi missions can play a proactive role in this regard. They can explore and penetrate new markets beyond the EU and the US. They can promote international trade by showcasing the products of our country. The BGMEA, the Ministry of Commerce and the Ministry of Foreign Affairs can work together to forestall the impending catastrophe for our RMG sector.I hope the government will address the matter with due attention.
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