In early 2016, the Trans-Pacific Partnership (TPP) Agreement—involving twelve countries on the Pacific Ocean rim, including the USA—was signed in New Zealand. Right after his inauguration in January 2017, newly elected US President Donald Trump withdrew from the TPP, effectively killing the agreement as its terms require the participation of both the US and Japan.
What will kill RMG in Bangladesh? Trans-Pacific Partnership or security fears? It may certainly be the second one and not the first. To begin with, the full text of the TPP is not yet available.
The Trans-Pacific Partnership agreement was signed on October 5. As Bangladesh is not a signatory, the country's garments sector (RMG) is likely to suffer as it will not get preferential treatment for RMG export to the TPP member countries.
In early 2016, the Trans-Pacific Partnership (TPP) Agreement—involving twelve countries on the Pacific Ocean rim, including the USA—was signed in New Zealand. Right after his inauguration in January 2017, newly elected US President Donald Trump withdrew from the TPP, effectively killing the agreement as its terms require the participation of both the US and Japan.
What will kill RMG in Bangladesh? Trans-Pacific Partnership or security fears? It may certainly be the second one and not the first. To begin with, the full text of the TPP is not yet available.
The Trans-Pacific Partnership agreement was signed on October 5. As Bangladesh is not a signatory, the country's garments sector (RMG) is likely to suffer as it will not get preferential treatment for RMG export to the TPP member countries.
