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The Bangladesh economy is growing at an extremely healthy rate. According to the latest figures form the Asian Development Bank (ADB), Bangladesh is expected to post a growth rate of 7.5 percent in 2018-19, and the ready-made garment industry will be a key engine driver behind that growth.
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Bangladesh's ready-made garment industry, the world's second largest garment exporter, has made huge strides especially in the past few years.
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The quote "Let us never negotiate out of fear. But let us never fear to negotiate", from John F Kennedy is a mantra that should be adopted by all of us working in the readymade garment (RMG) sector of Bangladesh when entering into price discussions with our trading partners.
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It used to be said that “the pen is mightier than the sword,” but in these days of ever-increasing reach and power of the social media, the image has usurped the written headline as the number one medium for grabbing the reader's attention, with various reports showing that 85 percent of social media users respond to an image as opposed to the written word.
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The ready-made garment (RMG) sector in Bangladesh has enjoyed rapid growth, with the country now well established as the world's second largest supplier of apparel and with the industry accounting for 83 percent of Bangladesh's exports, employing some 4.4 million people.
