As the global economy is threatened by recession, RMG makers will have to come up with strategies to deal.
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.
GSP is always riddled with the subjectivity of the benefit granting countries. Indeed, trade analysts would recognise that this element of subjectivity is one of the fundamental problems with the GSP regimes.
Areas where further progress was needed are labour organisation in EPZ, negative publicity regarding harassment of NGOs and labour unions, and lack of data and transparency on factory inspections.
