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For calculation of RCA indices, the export data have been taken from “UN Comtrade”, an electronic database of the United Nations and from the database of the World Trade Organization (WTO).Further, Spearman rank correlation coefficient has been calculated for analyzing the changes over the period 1995‐2003 for India and Bangladesh.The products in which India and Bangladesh have comparative advantage in garment exports are highlighted. https://doi.org/10.1108/10595421311305343 Download as .
Annual growth in the apparel sector is predicted by the World Bank at around 8-9%, and the total garment export trade for Bangladesh has been estimated this year to be worth around 25 billion USD.
That’s around 2,2 billion tonnes of materials going through garment production yearly.
And we are very excited about the next steps ahead to carry out the case studies and calculations with partners in Dhaka!
The textiles and clothing sector is one of India's most important economic sectors, next to the agriculture sector in terms of industrial output and employment, providing employment to more than 30 million people.
RCA indices have been calculated for various clothing product categories (under Harmonized System) up to four digit classification with the help of Balassa's relative measure for India and Bangladesh.
Tables have been prepared for India and Bangladesh, highlighting products having comparatively higher revealed comparative advantage.Other business friendly policy includes low duty on new equipment and machinery upgrades, financial incentive for use of local inputs and the creation of clothing and textile villages.Factors outside of Bangladesh include GSP (trade privileges) in Europe and the rising business opportunity of the Russian market, which is diversifying from China and Turkey to Bangladesh in search of value labour costs. We now have a very clear understanding that our approach makes sense for suppliers, both process-wise and business-wise.And we have understood from close-up look into the details of the textile waste streams and management why the industry in general, as well as the research community of sustainable fashion have systematically underestimated the volumes of production leftovers.But let’s take a broader look about the industry in Bangladesh.Since 1971 the ready-made garment (RMG) sector has been instrumental in the development of the Bangladesh economy, where around 20 million people have been lifted out of poverty in just the last 2 decades.The sector provides employment for approximately 4 million people, most of whom are urbanising women, working in an estimated 5000 factory units.Bangladesh is now second only to China on the world export stage for garments, having 81% of the economy based on garment exports.Many factors have been instrumental in the success of this rapid growth in the RMG sector, including crucial government policy and regulations.There is a vast, skilled labour force and people in the poorest rural areas have flocked into urban spaces for work opportunities.