Title: Textile industry in Bangladesh
Content: exporting shirts, T-shirts, trousers, sweaters and jackets. In 2006, 90 percent of Bangladesh's total earnings from garment exports came from its exports to the United States and Europe. Although there was concern, noted in an IMF report, that the WTO's Multi Fibre Arrangement, the Agreement on Textiles and Clothing (ATC), phase-out would shut down the textile and clothing (T&C) industry, the Bangladesh textile sector actually grew tremendously after 2004 and reached an export turnover of US$10.7 billion in FY 2007. Bangladesh was expected to suffer the most from the ending of the MFA, as it was expected to face more

Title: Textile industry
Content: competition, particularly from China. However, this was not the case. It turns out that even in the face of other economic giants, Bangladesh’s labor is “cheaper than anywhere else in the world.” While some smaller factories were documented making pay cuts and layoffs, most downsizing was essentially speculative – the orders for goods kept coming even after the MFA expired. In fact, Bangladesh's exports increased in value by about $500 million in 2006. For textiles, like for many other products, there are certain national and international standards and regulations that need to be complied with to ensure quality, safety and

Title: Textile industry in Bangladesh
Content: just after China. Bangladesh is the world's second-largest apparel exporter of western (fast) fashion brands. Sixty percent of the export contracts of western brands are with European buyers and about forty percent with American buyers. Only 5% of textile factories are owned by foreign investors, with most of the production being controlled by local investors. In the financial year 2016-2017 the RMG industry generated US$28.14 billion, which was 80.7% of the total export earnings in exports and 12.36% of the GDP; the industry was also taking on green manufacturing practices. Bangladesh's textile industry has been part of the trade versus

Title: Textile industry in Bangladesh
Content: competition, particularly from China. However, this was not the case. It turns out that even in the face of other economic giants, Bangladesh's labor is "cheaper than anywhere else in the world." While some smaller factories were documented making pay cuts and layoffs, most downsizing was essentially speculative – the orders for goods kept coming even after the MFA expired. In fact, Bangladesh's exports increased in value by about $500 million in 2006. Textile exports from Bangladesh to the United States did increase by 10% in 2009. The United States introduced the Tariff Relief Assistance for Developing Economies Act of

Title: Textile industry in Bangladesh
Content: market and preferential market access to European markets, led to the "emergence of an export-oriented garment industry in Bangladesh in the late 1970s." It was uncertain what the phase out of the MFA meant for the Bangladeshi RMG industry. However, surpassing all doubts, the industry continued to succeed and dominate on a global level. The garment industry in Bangladesh became the main export sector and a major source of foreign exchange starting in 1980, and exported about US$5 billion in 2002. In 1980 an export processing zone was officially established in at the port of Chittagong. By 1981, 300 textile

Question: Which major export of Bangladesh is used to make sacking?
Answer: Jute